BuzzFX pip calculator determines the value per pip in your account base currency.
The information you need is your base currency, the currency pair, the exchange rate and your trade volume to calculate the value of a pip.
Pip Value = (One Pip / Exchange Rate) * Lot Size
Example:
One Pip: 0.0001
Account Base Currency: EUR
Currency Pair: EUR/USD
Exchange Rate: 1.08962 (EUR/USD)
Lot Size: 1 Lot (100000 EUR)
Pip Value = 0.0001 / 1.08962 * 100000
Each Pip is worth €9.18
A contract for difference (CFD) allows the trader to exchange the difference in the value of a financial product between the time the contract opens and closes without owning the actual underlying security.
CFDs are attractive to day traders who can use leverage to trade assets that are more costly to buy and sell.
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