What is a pip worth on your instrument?
A pip isn't worth the same everywhere: 0.0001 on EURUSD, 0.01 on a yen pair or on gold. Pick your instrument and your size.
| Instrument | 1 pip | 1 lot | 0.10 lot | 0.01 lot |
|---|---|---|---|---|
| EURUSD | 0.0001 | $10.00 | $1.00 | $0.10 |
| GBPUSD | 0.0001 | $10.00 | $1.00 | $0.10 |
| AUDUSD | 0.0001 | $10.00 | $1.00 | $0.10 |
| NZDUSD | 0.0001 | $10.00 | $1.00 | $0.10 |
| USDCAD* | 0.0001 | $7.30 | $0.73 | $0.07 |
| USDJPY* | 0.01 | $6.70 | $0.67 | $0.07 |
| EURJPY* | 0.01 | $6.70 | $0.67 | $0.07 |
| GBPJPY* | 0.01 | $6.70 | $0.67 | $0.07 |
| XAUUSD | 0.01 | $1.00 | $0.10 | $0.01 |
| XAGUSD | 0.01 | $50.00 | $5.00 | $0.50 |
| BTCUSD | 1 | $1.00 | $0.10 | $0.01 |
| ETHUSD | 0.1 | $0.10 | $0.01 | $0.001 |
| SOLUSD | 0.01 | $0.01 | $0.001 | $0.0001 |
| XRPUSD | 0.0001 | $0.0001 | $0.00001 | $0.000001 |
Values applied by TradeChart, in dollars. * Approximate value on USDCAD, USDJPY, EURJPY, GBPJPY: these instruments aren't quoted in dollars, the real pip value follows the exchange rate of the moment.
How it's calculated.
- Value of one pip
- value of one pip for 1 lot × number of lots
- A move
- number of pips × value of one pip
- The pip itself
- the smallest price step used for the instrument
Before you use it.
Why are some values “approximate”?
The pip value is exact when the instrument is quoted in dollars. On USDJPY, USDCAD, EURJPY or GBPJPY, it depends on the exchange rate of the moment: TradeChart applies a fixed value, at a typical rate.
How many units in a lot?
100,000 units on a forex pair, 100 ounces on gold, 5,000 ounces on silver, 1 unit on a crypto.
What if my account isn't in dollars?
The values are in dollars, like the balance of a TradeChart session. For another currency, convert the result at today's rate.
A calculation is good. Checking it on the market is better.
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