Trading calculators.
Plan your trade with confidence.
Pip value calculator.
See what each pip means for your trade.
Value of one pip
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- Position size
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- Pip size
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- Contract size
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- Conversion rate
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Formula
Pip value = pip size × contract size × lots, converted to your account currency.
What it means for your trade
How pip value works
A pip is the smallest standard price move: 0.0001 on most pairs and 0.01 on yen pairs. What it is worth depends on your position size, the pair’s quote currency and your account currency.
Read: Where to startPut your plan into practice
Try the numbers on a free demo account first, with virtual funds and live prices, before you trade with real money.
Open a demo accountPosition size calculator.
Size a trade to the amount you are prepared to lose.
Position size
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- Amount at risk
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- Pip value per lot
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- Position in units
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Formula
Lots = amount at risk ÷ (stop in pips × pip value per lot), rounded down to 0.01.
The same stop at other risk levels
How position sizing works
Decide what share of the account one trade may lose, then let the stop distance set the size. A wider stop means a smaller position for the same risk.
Read: Support and resistancePut your plan into practice
Try the numbers on a free demo account first, with virtual funds and live prices, before you trade with real money.
Open a demo accountMargin calculator.
What a position ties up before you can open anything else.
Margin required
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- Notional value
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- Units of the base currency
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- Margin as % of notional
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Formula
Margin = lots × 100,000 units of the base currency, in your account currency, ÷ leverage.
The same pair at other sizes
How margin works
Margin is the part of your balance set aside to keep a position open. It is not a fee. Rates are set per instrument and can change around news or over weekends; MetaTrader 5 shows the margin for the trade you place.
Read: Margin tradingPut your plan into practice
Try the numbers on a free demo account first, with virtual funds and live prices, before you trade with real money.
Open a demo accountRisk and reward calculator.
What your stop and your target are worth against each other.
Reward for each 1 risked
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- Risk / reward in pips
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- Break-even win rate
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- Direction
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Formula
Ratio = target distance ÷ stop distance. Break-even win rate = 1 ÷ (1 + ratio).
What it means for your trade
How risk and reward work
The ratio tells you how often a trade has to work to break even. At 1 : 2 you need to be right a third of the time; at 1 : 1, half. The stop and the target sit on opposite sides of the entry.
Read: Support and resistancePut your plan into practice
Try the numbers on a free demo account first, with virtual funds and live prices, before you trade with real money.
Open a demo accountIndicative rates
- EUR/USD1.1205-0.26%
- GBP/USD1.3376-0.19%
- USD/JPY157.05-0.53%
- AUD/USD0.7012-0.31%
- USD/CAD1.4034-0.09%
- USD/CHF0.8220-0.23%
- NZD/USD0.5681-0.20%
ECB reference rates, 22 October 2026, change on the previous day. Not live or dealable prices.
The results use only what you enter and these rates. They leave out the spread, commission, swap and slippage, so the figures on your platform can differ. MetaTrader 5 shows the actual price, margin and costs before you place a trade.