Free trader tool
Pip Value Calculator
Work out pip value, pips gained or lost, and your exact profit or loss in dollars for any trade — across forex, indices, gold and crypto. Enter your position size, entry and exit and get the numbers instantly.
- Value per pip
- $10.00
- Pips moved
- +50
- Position notional
- ≈ $110,000
Know your P&L — then trade a system with an actual edge.
Learn CRT × Mitigation step by step, with a built-in journal to track every result.
Get the course →How to calculate pip value and profit
A pip is the standard unit a price moves — 0.0001 on most forex pairs, 0.01 on JPY pairs, and one point on indices, gold and crypto. Your profit comes down to three things: how many pips price moved in your favour, how big your position is, and what each pip is worth.
The formula is: Pip value = pip size × contract value × position size. Multiply that by the pips you gained or lost and you have your profit or loss. The calculator handles the pip size and contract value for every instrument — including the way yen-pair pip values shift with the rate — so you just enter your size, entry and exit.
Why pip value matters
The same 30-pip move is a rounding error on a micro lot and a serious swing on ten standard lots — pip value is what turns "pips" into actual money. Knowing it before you enter tells you exactly what a stop-out costs and what a target pays, which is the foundation of sizing every trade to a fixed risk with the position size calculator.
It also stops the classic mistake of comparing pips across instruments. Fifty pips on gold and fifty pips on EURUSD are completely different amounts of money — only the dollar P&L is comparable. Building that habit is part of the risk discipline taught in the CRT course.
Frequently asked questions
What is a pip?
A pip is the smallest standard price increment for an instrument — 0.0001 on most forex pairs, 0.01 on yen pairs, and one point on indices, gold and crypto. It's how traders measure and compare price moves.
How do I calculate profit in forex?
Multiply the pips you gained by your pip value (pip size × contract size × position size). A 50-pip win on one standard lot of EURUSD is 50 × $10 = $500. The calculator does this for any instrument and position size.
How much is a pip worth?
On a standard lot (100,000 units) of a USD-quoted pair, one pip is about $10; on a mini lot $1; on a micro lot $0.10. On yen pairs the pip value shifts with the exchange rate, and on indices, gold and crypto it depends on the contract — the calculator works it out for your exact trade.
Is the pip calculator free?
Yes — completely free, no signup, no limits.
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Pips are just the scoreboard.
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