Definition: A pip is the smallest price move that a given exchange rate makes based on market convention.
Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point
Pip Calculator is meant to calculate the pip value after filling Trade Size, Units i.e Lot, Mini lot or Micro Lot.
How to use Pip Calculator:
Currency pair should be filled with respect to Account Currency.
For Example:If Currency Pair is USD/JPY then kindly fill the Account Currency as USD only.
Or if Currency Pair is AUD/USD then fill the Account Currency as AUD only.And then fill your Lot Size on which you want to trade.i.e: 1lot, .1lot, .01lot
With respect to Lot Size you will get your profit.
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