Knowing the pip value is very important in trading. It basically tells you how much (in dollars) a price movement covers.
If you can calculate PIP, you will be able to know how much profit or loss you will make from a trade.
With a few inputs, our Boom and Crash Pip Calculator above will help you calculate the pip value of any boom and crash index price movement.
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How this Calculator work
This calculator give out the result by using the Entry price, Closing price and the lot size to calculate the pip value of any price movement.
It uses the following formula do this;
Pip Value($) = (Entry price – Closing price)*lot size
How to use this Calculator
Step 1: Select the index you want to trade
Step 2: Input your Entry price: entry price is the price at which you want to execute your trade
Step 3: Input your Closing price: This is the price at which you want to close the trade
Step 4: Input your lot size
Step 5: Check your Pip value
