Never worry about getting the trade size wrong again
Our Fourtrades pip-size calculator helps you manage risk by calculating the exact pip value, risk per trade, and the ideal position size. This tool makes it easy to optimize your risk-to-reward ratio, giving you confidence in every trade you make.
Pip Calculator
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Pip calculators explained
'Pip' stands for 'point in percentage' and measures the movement in the exchange rate between the two currencies.
So, how do I find a pip? Here's how...
In most forex currency pairs, one pip is on the 4th decimal place of the Forex pair (0.0001), meaning it's equivalent to 1/100 of 1%. For JPY pairs, one pip is on the 2nd decimal place of the Forex pair, so the second digit after the decimal point is the pip.
Using these small units to measure price movement can also protect inexperienced traders from big losses. A fractional pip or 'pipette' is 1/10th of the value of a standard pip and can give you tighter spreads and a better understanding of a currency's price movements.
For pairs without JPY, one pipette is on the 5th decimal place of the Forex pair.
For JPY pairs, one pip is on the 2nd decimal place of the Forex pair.
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