Position size and pip calculator
How big a position you can take for the risk you choose, what one pip is worth, the margin it needs and your reward to risk. Live prices and real lot sizes.
Result
- Position size
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- Units
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- Mini / micro lots
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- Amount at risk
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- Stop distance
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- Value of one pip, 1 lot
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- Value of one pip, this position
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- Reward at take profit
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- Reward to risk
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- Position value
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- Margin needed
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Open the chart · Practise the trade with paper trading.
How it is calculated
Position size = amount at risk ÷ (stop distance × lot size × exchange rate). One standard lot is the contract size of the ticker (100,000 units for forex pairs, 100 ounces for gold, 5,000 for silver, 1 for most indices, shares and crypto); a mini lot is 0.1 and a micro lot 0.01 lot.
Pip value = pip size × lot size, converted from the ticker's profit currency to your account currency at the live rate. A pip is 0.0001 for most forex pairs and 0.01 for pairs quoted in yen; for other tickers the smallest price step is used.
Margin = position value ÷ leverage. Your broker's lot size, margin rules and rounding can differ: check them before trading. This is a calculator, not advice.