How much is 1 pip worth in Forex trading?
The worth of 1 pip in Forex trading is determined by the trading lot size and the currency pair.
If you’re just looking for a quick answer, here it is:
1 standard lot = 10 units of the base currency per pip
1 mini lot = 1 unit of the base currency per pip
1 micro lot = 0.1 unit of the base currency per pip
- So if you’re trading the EUR/USD for example,
The same concept applies to all other currency pairs.
- For example, if you’re trading the EUR/GBP,
- The only exception is with the JPY pairs, where
If you want to get the exact pip value based on a specific trading lot size, here’s a handy pip value calculator courtesy of investing.com:
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