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What is a pip calculator?

A pip calculator is an essential trading tool for risk management. The calculator is used to work out the pip value of forex pairs, precious metals, indices, and more, in the account currency. How does our pip calculator work?

How does AXI Pip calculator work?

How does our pip calculator work? To calculate the value of a pip, the Axi pip calculator multiplies one pip (usually 0.0001) by the trade size (in lots), and dividing this by the real-time market rate of forex pair. The pip size is 1, that is, one pip is one AUD of the AUS200 price.

What is the Pips size of audjpy?

The pip size of AUDJPY is 0.01, so with the current AUDJPY price of 96.63, the digits 3 represents 3.0 pips.

What is a pip in forex?

A pip is the smallest value change in a currency pair’s exchange rate. For most currency pairs, a pip is a movement in the fourth decimal place (0.0001), but there are some exceptions like Japanese yen pairs where the movement is in the second decimal place (0.01). Forex traders often use pips to reference profits or losses.

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