1. Select Currency Pair
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EUR/USD
Euro / US Dollar
1 pip = 0.0001
4 decimal places
2. Trade Parameters
100,000 × 1 = 100,000 units
1 pip = 0.0001 (EUR/USD)
3. Calculation Results
EUR/USD · Standard · 1 lot · 10 pips
Total Profit / Loss
+100.00 USD
+10 pips movement
Pip Value / Lot
10.0000 USD
Total Pip Value
10.0000 USD
Pip Value (Quote)
10.0000 USD
Contract Size
100000 units
Total Units
100000 units
Pip Size
0.0001
4. Calculation Formula
Step 1 — Pip Value in Quote Currency
Pip Value = Pip Size × Contract Size
= 0.0001 × 100,000 (Standard) = 10.0000 USD
Step 2 — Profit / Loss
P&L = Pip Value/Lot × Lots × Pips
= 10.0000 × 1 × 10= 100.00 USD
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What is a Pip?
A pip (percentage in point) is the smallest standardised price move in a forex quote. For most pairs, 1 pip = 0.0001. For JPY pairs, 1 pip = 0.01. A pipette is 1/10th of a pip.
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Lot Types Explained
A lot is a standardised trade size. Standard = 100,000 units · Mini = 10,000 · Micro = 1,000 · Nano = 100. The pip value in money scales proportionally with the contract size.
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How Pip Value is Calculated
Pip Value = Pip Size × Contract Size. For USD-quoted pairs (e.g. EUR/USD), one standard lot pip = $10. For other pairs the value varies with the exchange rate and is converted to your account currency.