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The features and how to use the Pip calculator Exness tool

exness
4.9/5

4.9/5

The features and how to use the Pip calculator Exness tool

Many traders wonder how and when trading on Exness to calculate the value of a pip. In this article, EX Trading will guide you to use the Pip Calculator Exness tool. This is one of the most used tools in the Exness personal area of ​​traders.

Learn about pip calculator Exness

Many new traders do not understand and do not know what the definition of pip is. Therefore, Pip calculator Exness is a big “question” for traders.

What is Pip?

Pip is the smallest price change in a currency pair in Forex trading orders. Exness introduces fractional pips or ‘Pipets’ to provide traders with bids. From there ask for better prices while trading.

To determine pips in a currency pair. Pip will depend on that currency pair. Some pairs have the pip in the 4th decimal while some in the second. Fractional Pipettes/Pipettes always follow the position of the pip. So it will be in the 5th and 3rd decimal places respectively.

A Pip calculator is the name of a tool used to calculate the value of a pip. This tool is intended to determine how much money the value of 1 pip will be. This is a type of calculation tool used by many traders when trading forex. Especially it is quite popular on the MT4 platform.

What is Pip?
What is Pip?

What is the Exness pip calculator tool?

The Exness pip calculator tool is handy and simple. Support helps you automatically calculate basic information about your trading orders. The tool provides information including margins, spreads, commissions, buy and sell swaps, and basis point values.

Pip calculator Exness is extremely useful when you want to determine the above values ​​for many open trading orders on many different types of instruments without spending too much time.

Interface of pip calculator Exness
Interface of pip calculator Exness

>>>See more: Exness: Evaluate Reputation, Should You Trade On Exness?

How to calculate Exness trading profit in pips?

How to calculate Exness trading profits in pips for currency pairs? Let’s follow this content!

For the XAU/USD pair on Exness

To calculate trading profits on the XAU/USD currency pair according to Pip calculator Exness. Specifically, the steps are as follows:

Step 1: Determine account type and currency pair:

Identify the account type you are using on Exness and the XAU/USD currency pair you opened the order with.

Step 2: Determine the order size

Determine the size of the position you have opened, commonly known as lots or trade volume. This shows how many units of currency you are trading.

Step 3: Determine the entry price and exit price

Record the entry price when you open the order and the exit price when you close the order on the XAU/USD pair.

Step 4: Calculate the number of pips

Calculate the difference between the exit and entry prices in pips. Since the XAU/USD pair has a second decimal value (0.01), the formula for calculating pips will be:

Number of pips = (Exit price – Entry price) / Unit pip

In the case of XAU/USD, the pip unit is 0.01.

Step 5: Calculate the value of each pip

Based on the number of pips you calculated and the order size. You can calculate the value of each pip.

The formula will be: Value per pip = Number of pips x Order size

Step 6: Calculate profit or loss

Based on the value per pip and the direction (buy or sell) of the trade, you can calculate the profit or loss of the trade.

Currency pair XAU/USD according to Pip calculator Exness
Currency pair XAU/USD according to Pip calculator Exness

For currency pairs containing JPY

When trading currency pairs such as USD/JPY, EUR/JPY, GBP/JPY. To calculate trading profits on currency pairs containing JPY according to Pip calculator Exness. Please follow the steps below with EX Trading :

Step 1: Determine the account type and currency pair

Identify the account type you are using on Exness and the currency pair you opened the position with (e.g. USD/JPY, EUR/JPY, GBP/JPY).

Step 2: Determine the order size

Determine the size of the position you have opened, commonly known as lots or trade volume. This shows how many units of currency you are trading.

Step 3: Determine the entry price and exit price

Record the entry price when you open the order and the exit price when you close the order.

Step 4: Calculate the number of pips

Calculate the difference between the exit and entry prices in pips. The formula for calculating pips will depend on the pip unit of that currency pair. The pip unit is usually 0.01 for currency pairs containing JPY.

Number of pips = (Exit price – Entry price) / Unit pip

Step 5: Calculate the value of each pip

Based on the number of pips you have calculated and the position size, you can calculate the value of each pip. The formula will be:

Value per pip = Number of pips x Order size

Step 6: Calculate profit or loss

Based on the value per pip and the direction (buy or sell) of the trade, you can calculate the profit or loss of the trade.

Currency pair containing JPY according to Pip calculator Exness
Currency pair containing JPY according to Pip calculator Exness

For currency pairs that do not contain JPY

To calculate trading profits on non-JPY currency pairs (e.g. EUR/USD, GBP/USD, AUD/USD) according to Exness Pip calculator. Similar to the above, you can do the following steps:

Step 1: Determine the account type and currency pair

Identify the account type you are using on Exness and the currency pair you opened the position with (e.g. EUR/USD, GBP/USD, AUD/USD).

Step 2: Determine the order size

Determine the size of the position you have opened, commonly known as lots or trade volume. This shows how many units of currency you are trading.

Step 3: Determine the entry price and exit price

Record the entry price when you open the order and the exit price when you close the order.

Step 4: Calculate the number of pips

Calculate the difference between the exit and entry prices in pips. The formula for calculating pips will depend on the pip unit of that currency pair. The pip unit is usually 0.0001 for currency pairs that do not contain JPY.

Number of pips = (Exit price – Entry price) / Unit pip

Step 5: Calculate the value of each pip

Based on the number of pips you have calculated and the position size, you can calculate the value of each pip. The formula will be:

Value per pip = Number of pips x Order size

Step 6: Calculate profit or loss

Based on the value per pip and the direction (buy or sell) of the trade, you can calculate the profit or loss of the trade.

For example: If you open a buy (long) order on the EUR/USD pair with a size of 1 lot, the entry price is 1.2000 and the exit price is 1.2050, and the pip unit is 0.0001, you can calculate the profit as follows:

Number of pips = (1.2050 – 1.2000) / 0.0001 = 50 pips
Value per pip = 50 pips x 100,000 (1 lot size) = 5,000 USD (for EUR/USD)
Profit = Value per pip x number of pips = 5,000 USD x 50 pips = 250,000 USD

Note that in every transaction at Exness. There are also factors such as spreads, swaps, and other cost factors that can affect the actual profitability of a trade. But with Pip Calculator Exness is introduced in this article. You will be able to calculate everything in a short time, completely automatically without any effort.

>>>See more: Create Exness Account: Instructions for on your phone

Does Exness provide an Exness calculator tool?

To date, Exness has provided calculator tools for traders. With 2 outstanding tools such as Exness Spread and pip calculator Exness multi-function for users. This tool is extremely useful when you want to determine the above values ​​for many trading orders.

Values ​​displayed on pip calculator Exness

Currently, the financial Exness calculator displays the following values:

Margin – Required capital in your account or balance needed to maintain your open trading position.

Spread Cost – The amount you pay when opening a trade. The spread is calculated based on the average spread of the previous trading day. Depending on market conditions spreads change flexibly. The final spread cost can be determined by the time the trade position is opened.

Commission – Commission is a trading fee on Raw Spread and Zero accounts. This fee is applied to each trading lot both when opening and closing an order. The commission in the calculation result is the total transaction opening and closing fee. This total fee will be calculated when opening a trading order.

Overnight selling and buying fees – Interest rates applied to trading orders opened overnight. This fee can be for a buy or sell order depending on the transaction. Overnight selling fee is understood as the exchange rate for Sell trading orders. So overnight buying means buying trading orders.

Basis point value – This helps calculate how much money a trader will gain or lose. It is calculated in the quote currency with the formula: Number of lots x Contract volume x Basis point size.

Instructions on how to use pip calculator Exness

To use pip calculator Exness on Exness floor.   First, you choose the type of Exness trading account you are trading with. Includes Standard, Standard Cent, Pro, Raw Spread, or Zero accounts.

Next, you enter the leverage and currency of the account. It can be AUD, CAD, CHF, EUR, GBP, JPY, NZD, or USD that you set for your trading account.

Choose a trading instrument. You can choose from a list of available forex currency pairs, metals, stocks, indices, energies, and cryptocurrencies.

Finally, set your trading lot size. Then click the “Calculate” button.

So you have seen the calculation results for the required deposit amount. Spreads, commissions, overnight fees (buying and selling). The base point value of the trading order is also calculated quickly.

Instructions on how to use pip calculator Exness
Instructions on how to use pip calculator Exness

Conclude

This article by EX Trading has helped you understand what the Exness pip calculator is. Thanks to this financial calculator you will calculate it all in a second. Completely automatic and you don’t need to spend any effort at all. In addition to useful tools, back com Exness is very attractive to traders, please read our articles to update the latest information about Exness.

FAQ:

Is using the Exness financial calculator simple?

It’s very simple, you just need to enter the required information and click on the “Calculate” button and you will see the calculation results for the required deposit amount.

How to calculate expected profit using a pip calculator?

You must determine the currency pair, order size, and expected price. Use the pip calculator to calculate the pip value and multiply it by the expected number of pips to calculate the expected profit.

Does Pip calculator Exness support currency pairs containing JPY?

Yes, the Exness pip calculator supports currency pairs containing JPY.

FAQ

Mr. Peter

Mr. Peter

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Không. Exness là một trong những sàn Forex uy tín nhất hiện nay. Exness được cấp phép và quản lý bởi các cơ quan quản lý quốc tế hàng đầu như FSA, CBCS, FSC, FSCA, CySEC, FCA, CMA. Các cơ quan này sẽ chịu trách nhiệm quản lý và giám sát hoạt động của Exness. Bảo đảm tính minh bạch và an toàn tài chính.

Exness là một trong những sàn Forex uy tín và được ưu chuộng nhất hiện nay. Exness được thành lập năm 2008, có trụ sở chính tại: Số 1, Đường Siafi, Tòa nhà Porto Bello, Văn phòng 401 Thành phố Limassol, cộng hoà Séc – đất nước tập trung nhiều công ty tài chính lớn nhất thế giới. Exness được biết đến nhờ khả năng khớp lệnh nhanh chóng, an toàn, lịch sử giá minh bạch.

Mức nạp tiền tối thiểu của sàn Exness sẽ tùy thuộc vào mỗi loại tài khoản. Với tài khoản tiêu chuẩn, số tiền nạp tối thiểu phụ thuộc vào từng phương thức thanh toán, nhưng thông thường là 10$. Với tài khoản chuyên nghiệp, tiền nạp tối thiểu là 200$.

Sàn Exness áp dụng cơ chế rút tiền tự động nên việc xét duyệt và rút tiền cũng nhanh hơn các sàn khác. Hầu hết các giao dịch rút tiền tại sàn Exness đều được xử lý trong vài giây và bạn hoàn toàn có thể rút tiền vào cuối tuần.

Thời gian rút tiền Exness cụ thể như sau:

  • Rút tiền qua ví điện tử Skill, Neteller, Tether, USD Coin: thời gian xử lý tức thì.
  • Rút tiền qua Internet Banking, ngân lượng: trong vòng 24 giờ.

Bạn sẽ không nạp được tiền từ sàn Exness vì một trong các lỗi sau:

  • Tài khoản Exness chưa được xác minh
  • Nạp chưa đáp ứng đủ số tiền nạp tối thiểu.
  • Phương thức thanh toán giới hạn khoản tiền bạn nạp vào.
  • Phương thức thanh toán không hỗ trợ hoặc không khả dụng ở khu vực bạn sinh sống..

Bạn sẽ không rút được tiền từ sàn Exness vì một trong các lỗi sau:

  • Lỗi hệ thống đang bảo trì
  • Không đủ số tiền rút tối thiểu
  • Nạp và rút tiền không cùng phương thức
  • Tài khoản nhận tiền bị khóa
  • Thực hiện hai lệnh rút tiền cùng lúc….

Để giao dịch trên sàn Exness, bạn cần thực hiện theo các bước sau đây:

  • Bước 1: Đăng ký tài khoản Exness.
  • Bước 2: Nạp tiền vào tài khoản.
  • Bước 3: Đăng nhập tài khoản trên MT4/MT5
  • Bước 4: Tiến hành giao dịch.

     Advantages of Exness

  • Year of establishment: 2008
  • License: FSA, CySEC, FCA, FSC, FSCA, CBCS
  • Low commission fees
  • Leverage 1: infinity
  • Fastest deposit and withdrawal

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