Lloyds Capital provides our traders with access to a pip calculator which Forex traders can use to accurately calculate the value of their trades in terms of pips. This useful tool also enables traders to calculate the result of a potential trade in terms of the chosen base currency of a trading account. In this way, you will be able to calculate how much potential reward and risk you could incur from executing a particular currency trade.
Our pip calculator supports multitudes of base currencies as well as a wide array of currency pairs.
Follow the four steps below to calculate the value of a prospective trade:
- Select how many lots you want to trade
- Choose the currency pair you want to trade
- Select your preferred base currency
- Press the button labelled "Calculate"
The pip calculator will display the value of the prospective trade and you can then act accordingly.
