Result
$10.00
- Pip value per lot
- $10.00
- A 10 pip move at your size
- $100.00
Not investment advice
Pip value per lot = pip size × contract size × the quote currency in dollars
With your numbers: 0.0001 × 100,000 × 1 = $10.00 a lot
How it works
A pip's value is the pip size times the contract size, converted into dollars at the quote currency's rate. For pairs quoted in dollars a standard lot works out to $10 a pip; for crosses the quote currency has to be converted, which is what the rate field is for.
Questions
Why is my pip value not $10?
$10 a pip holds only for standard lots on pairs quoted in dollars. A different quote currency, contract size or account currency moves it, which is why the figure has its own calculator.
Does pip value change as the price moves?
On pairs quoted in dollars it stays fixed. On crosses it moves with the conversion rate, so update the rate when precision matters.
What about gold and indices?
They are quoted in cents or points rather than pips, and each contract sets its own point value. Check the firm's contract specification and use that value in the position size calculator.