What is Pip?
This stands for “percentage in point”.
The value of 1 pip is always 1/100 of whatever market you are trading. It is an important measurement to be aware of and calculate, as things like your spread will also be calculated in pips.
What is a Pip Calculator?
A pip calculator calculates the value of the pips that you are trading. Using a calculator ensures that no mistakes are made when calculating this value.