Pip Value Calculator
Find out exactly what one pip is worth for any pair and position size. Pip value is what turns a stop measured in pips into real dollars — the number your whole risk plan is built on.
Auto-filled estimate — adjust to your broker.
Estimate only. Pip value depends on your broker, contract spec, and account currency — always confirm with your broker's calculator before trading real capital.
What a pip is actually worth
A pip is the standard smallest move in a currency pair — 0.0001 for most pairs, 0.01 for JPY pairs. Its value depends on how big your position is:
On a USD-quoted pair, one standard lot (100,000 units) makes a pip worth about $10 — so a mini lot is ~$1 and a micro lot ~$0.10. It scales straight with size, which is why doubling your lots doubles both your reward and your risk per pip.
Pip value is step one — sizing is step two
Once you know your pip value, plug it into the position size calculator to turn a percentage of risk into an exact lot size. Together they're the two-step routine behind every disciplined trade — and the reason we score every signal in The Dossier in R rather than raw dollars.
Questions
What is pip value?
Pip value is how much money one pip of price movement is worth on your position. For most USD-quoted pairs, one pip on a standard lot (100,000 units) is worth about $10, $1 on a mini lot, and $0.10 on a micro lot.
How do you calculate pip value?
Pip value = pip size × contract size × lots, converted to your account currency. For a USD-quoted pair that's 0.0001 × 100,000 = $10 per standard lot. It scales linearly with size, so 0.5 lots is worth ~$5 per pip and 2 lots ~$20 per pip.
Why does pip value matter?
Pip value turns a stop-loss measured in pips into a real dollar risk. Knowing $/pip lets you size positions so a losing trade only costs what you planned — the foundation of risk management.
Is pip value the same for every pair?
No. USD-quoted pairs are ~$10 per pip per standard lot. Pairs where USD is the base (USD/JPY, USD/CAD) and metals/indices differ, because the pip value must be converted into your account currency — which is why this tool lets you adjust the pip value to your broker.
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Every signal our desk fires, graded in R — winners and losers, no cherry-picking. One email, every Friday.
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