1. ## Pips calculation

Hello guys. I like to understand the calculation on pips in forex trade. People are sharing the pip value on today, but how to find their profit on current occasion? Share your calculation term to find profit on trade.

2. I'm so confused, which is right to calculate the pip value to set the strategy report. So, people who all familiar regarding this action, share your ideas on this!

3. School of Pipsology

Read thru the whole School section and you will understand. :-)

Hope it helps.

4. Originally Posted by jolimoney
School of Pipsology

Read thru the whole School section and you will understand. :-)

Hope it helps.
Thank you friend! I heard about this forex education from many people. Quite interesting to hear the suggestion as from you as well... Can you explain how the calculation compared for the year profit? Hope will learn from the Babypips..

5. ## your Broker have the details on how they or you will calculate your pips

your Broker have the details on how they or you will calculate your pips, or ask their support

6. The pip (the equivalent of a tick in most other asset classes) value varies depending on the particular currency pair and the amount of cash being traded. The definition of a pip is; the smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point (for most pairs this is the equivalent of 1/100th of one percent, or one basis point). As a result of this, the value of a pip is going to be dependent on the quantity that is being traded. In order to determine the pip value a trader needs to know the following information:

• The execution price
• The price increment

Now my broker, TenkoFx, provide us Trading Calculator. But Please note that calculations of trade parameters are given for your convenience only. For technical reasons absolute accuracy of a transaction cannot be guaranteed. TenkoFX shall not be held liable for any mismatch. The calculator below assumes that you have no open transactions and will not give accurate margin requirement above 8 lots.