Pip Calculator
The pip calculator converts the price difference between your entry and exit into pips — the standard unit of measurement in forex trading. Whether you won or lost, this calculator tells you exactly how many pips your trade moved. Use it alongside the Pip Value Calculator to translate pips into dollar profit or loss.
Pips Gained / Lost
+150.0 pips
Pip Size for Pair
0.0001
Price Difference
0.01500
How to use this calculator
- 1
Select your currency pair
Different pairs have different pip sizes (0.0001 for most pairs, 0.01 for JPY pairs). The calculator handles this automatically.
- 2
Enter your entry price
The price at which you opened the trade.
- 3
Enter your exit price
The price at which you closed the trade.
- 4
Read the pip result
A positive result means profit (price moved in your direction for a long trade). A negative result means a loss.
Formula
Pips = (Exit Price − Entry Price) ÷ Pip Size
Pip Size:
Most pairs (EUR/USD, GBP/USD, etc.): 0.0001
JPY pairs (USD/JPY, EUR/JPY, etc.): 0.01Divide the price difference by the pip size for the currency pair. For EUR/USD: if you entered at 1.1000 and exited at 1.1150, the difference is 0.0150. Divided by 0.0001 = 150 pips. For USD/JPY, use pip size 0.01. Note: brokers may quote a 5th decimal place (pipette) — the pip is still the 4th decimal.
Worked Example
Pair: EUR/USD (pip size = 0.0001) Entry price: 1.1000 Exit price: 1.1150 Price difference = 1.1150 − 1.1000 = 0.0150 Pips = 0.0150 ÷ 0.0001 = 150 pips If you bought EUR/USD (long), you gained 150 pips. If you sold EUR/USD (short), you lost 150 pips. At $10 per pip (standard lot), this represents $1,500 profit or loss.
Frequently Asked Questions
Related Tools
Sponsored
TradingView— free charts for forex, crypto & stocks
Used by 60 million traders. Free plan available, no credit card needed.