Position size calculator
The lot size at which a stop-out costs the amount you chose.
Free risk tools
Pip value calculator
What one pip is worth at your size, in your money, on every instrument at once. The number every stop, target and lot size starts from.
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Your size
What a pip is worth
An example with typical numbers. Change any box to use your own.
One pip on Gold (XAUUSD) at 0.1 lots is $1.00. A 20-pip move is $20.00.
- A 20-pip stop
- Loses $20.00 at 0.1 lots ($200.00 at 1 lot). Size it to your risk with the position size calculator.
- Check what your broker calls a pip
- This page counts a pip on gold as 0.10. Some brokers use 0.01 on gold, a pip ten times smaller: then divide by 10. What does not change: a move of 1.00 in the price is $10.00 at 0.1 lots.
Every instrument, at 0.1 lots and at 1 lot. Your instrument is highlighted.
| Instrument | 0.1 lots | 1 lot |
|---|---|---|
| XAUUSD pip 0.1 | $1.00 | $10.00 |
| XAGUSD pip 0.01 | $5.00 | $50.00 |
| EURUSD pip 0.0001 | $1.00 | $10.00 |
| GBPUSD pip 0.0001 | $1.00 | $10.00 |
| AUDUSD pip 0.0001 | $1.00 | $10.00 |
| NZDUSD pip 0.0001 | $1.00 | $10.00 |
| USDJPY pip 0.01 | $0.67 | $6.67 |
| USDCAD pip 0.0001 | $0.72 | $7.25 |
| USDCHF pip 0.0001 | $1.25 | $12.50 |
| US30 pip 1 | $0.10 | $1.00 |
| NAS100 pip 1 | $0.10 | $1.00 |
| US500 pip 1 | $0.10 | $1.00 |
Contract sizes are the common MetaTrader ones (gold 100 ounces, silver 5,000 ounces, currencies 100,000 units, indices 1 dollar a point). Brokers can differ: check the symbol specification. A pip on the indices is one point.
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
Pips are not money until you add the size
A 20-pip stop says nothing about the risk. On EURUSD at 0.1 lots it is 20 dollars; on gold at 1 lot it is 2,000. The pip value is the bridge: pips times the pip value at your size is the money a stop or a target is worth. Trade from that number, not from the pips.
- The lot size that turns your stop into a set share of the account: the position size calculator, or the whole grid on the lot size table.
- What the spread and commission take in the same money: the cost check.
Not advice. The answer is arithmetic on the numbers you type, not a view on any market.
Next tools
Profit and loss calculator
A trade's result after costs, in money and in R.
Lot size table
The lot size for every stop and risk, on one printable page.
Pricing
Three ways in. Pick yours.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.