Markets.fm provides Forex traders with a pip calculator which enables traders to calculate the value of their trades in terms of pips. The calculator is based on real-time prices on the currency exchange. Also, the calculator provides results instantly.
The calculator can provide the pip value for each trade with results being provided in terms of your trading account’s base currency. The Markets.fm pip calculator has a wide array of base currencies as well as a large menu of currency pairs.
There are four straightforward steps to calculating a trade’s pip value using the pip calculator:
- Step 1: Indicate how large the trade is in terms of lots
- Step 2: Select a currency pair you wish to trade
- Step 3: Indicate the base currency for your trading account
- Step 4: Click on the “Calculate” button to display your trade’s pip value