Pip Calculator will help you calculate the pip value in different account types (standard, mini, micro) based on your trade size.
Another useful tool for every trader is the Elliott Wave Adjust Pip Calculator which helps you calculate the value of a pip in the currency you want to trade in. This is important as you need to manage risk effectively and determine whether a trade is worth placing or not. By knowing the pip value in your trading account currency, you will be able to better manage your risk per trade. All you need to do is choose your account currency, the currency pair you are trading, and your position size. Once you click ‘Calculate’ the Pip Calculator will tell you how much each pip is worth.