5 Best Forex Pips Calculator Apps

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In Forex markets, pips value is crucial to the transaction. Because the traders significantly consider the pips value before entering into the trading process. Proper calculation of pips value basically ensures traders to place orders, edit the orders or to manage their trading strategies successfully.

Calculating the value of pips is not that difficult. You can find out the value by calculating manually through a simple formula. But in this era of amazing technologies, doing this calculation manually is anything but smart.

So, take help from the best apps like FXTM (Forex Time Calculator), SafeTradeBinaryOptions, MyFxbook, CashBack Forex, XM Pip Value Calculator, etc. to do this calculation smartly. These will bring out the perfect pips value for your successful trading.

5 Best Forex Pips Calculator Apps/Websites:

FXTM Calculator

This is one of the most used pip calculators by the traders. In this website, you will be asked to determine the Pip amount, Currency pair, Trade size/lots, Deposit currency.

Enter the pip amount and then choose a currency pair from about 51 combinations. The most commonly used ones are EURUSD, USDJPY, USDCAD, etc. After that, specify the trade size/lots and enter the deposit currency. After entering all the requirements, the pips value will be shown automatically right down the options.

SafeTradeBinaryOptions

This is another great one to find out the pip value. The calculator will ask you to provide the following information:

Pip amount
Instrument
Position size
Account currency

These are pretty much the same as the first one just with alternative terms.

For example, if you want to know the 1 pip value of GBPUSD and your lot size is Micro ( 1000 units of given currency), enter 1 in pip amount option, select GBPUSD combination in instrument and enter 1000 in position size. Now chose your preferable account currency and get the pip value. Know more from https://safetradebinaryoptions.com/pip-calculator/.

MyFxbook

This pip calculator is distinct from the aforementioned ones.This app is organized to provide you with the all available currency combinations.You just need to enter the value of trade size, pips and specify the account currency.

And when pressed “calculate” , the pip value will be shown in every available currency combination.

CashBack Forex

Use of CashBack forex in pips calculation is also popular. The layout is easy and almost the same as the other ones. But you will find a distinct feature. And that is you can see the 1 pip size of chosen currency combination. Also, this provides the users to choose the trade size both in lots and units.

XM Pip Value Calculator

With this app, you can determine pip value along with Currency, Margin, Swaps, and profit loss. If you want to calculate the pip value, provide all the required information and press “Calculate”. The pip value will be shown in “Current Conversion Price”.

This calculator shows the value both in “Base Currency” and “Converted Currency”.This website is quite user-friendly and describes the necessary information.

Forex markets provide traders to trade on a larger scale. In this online platform, the traders generally trade currencies in Micro (1000 units of given currencies), Mini (10,000 units), and Standard (100,000 units) lots. These lot sizes are far larger than the offline platform. And larger opportunities come with a greater risk of gain and loss.

Knowing the perfect pips value enables the traders to trade strategically. This significant information also provides them with the chances of huge gain and profit or otherwise.

So, make use of the above-mentioned apps and websites for an accurate pips value. Hope these will be beneficial in your trading and lessen the risk a little bit.