TradeVest provides our users with a pip calculator which helps Forex traders to calculate the pip value of their currency trades in real-time. The calculator allows you to determine the value of a potential trade, while also displaying the result in terms of your account’s base currency for your trading account. This allows you to determine exactly how much risk and potential reward you may potentially receive by executing a specific trade in the Forex market.

The pip calculator supports a vast variety of base currencies along with a multitude of numerous currency pairs. In order to calculate the value of your potential trade, just follow these four steps:

  1. Choose the size of your trade in terms of lots
  2. Select your currency pair to trade
  3. Provide your base currency
  4. Click on the “Calculate” button

The calculator will then display the pip value of your trade.