By using this tool, you will be able to determine how much each pip is worth. In order for you to better manage your risk per trade, you should know the value per pip in your account currency. Please note that Forex Broker Inc. quotes its prices to five decimal places and three on JPY pairs.
The following guidelines will teach you how to use Forex Broker Inc’s Pip Calculator:
- Enter your position size
- Enter the currency pair you are trading
- Enter your account currency
- Press ‘Calculate’ to see the results and determine how much each pip is worth.