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In order to provide you with the best trading experience we will need the Pip Caulculator. The Pip Calculator is one of the most useful tools for absolutely every trader. It allows you to manage the risk with more accuracy. It is very important to know the pip value of each trade in the currency of your trading account. Our Pip Calculator will help you to regulate and complete the important trading calculation of a pip.
How to use the Pip Calculator?
- Select your account currency.
- Choose the currency pair for which you would like to calculate the pip value.
- Type the amount you would like to calculate, using numbers only.
- Click on the CONVERT button, and the result will appear underneath.
1 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
What is Fibonacci Sequence? The Fibonacci sequence is one of the most famous formulas in mathematic.
The Fibonacci sequence is a sequence of numbers in which each successive number in the sequence is obtained by adding the two previous numbers in the sequence. The sequence is named after the Italian mathematician Fibonacci. It starts with zero and one, and proceeds forth as 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55 and so on.The mathematical equation describing it is Xn+2= Xn+1 + Xn
It's true that the Fibonacci sequence is tightly connected to what's now known as the golden ratio (which is not even a true ratio because it's an irrational number). Simply put, the ratio of the numbers in the sequence, as the sequence goes to infinity, approaches the golden ratio, which is 1.6180339887498948482... From there, mathematicians can calculate what's called the golden spiral, or a logarithmic spiral whose growth factor equals the golden ratio.
Although Leonardo Fibonacci was not the first person to recognize such repeating patterns and ratios of the universe, his study of the number sequence is what is so famously known today in the Forex industry.
One of the important thing that we have to know about the Fibonacci tool is that it works best when the Forex market is trending. What is a trend? The trend is simply the direction of the market, which way the currency pair is moving. If the price goes up of 100 pips, then it goes back and touches the 0.236 level of Fibonacci retracement. It means that it went back of 23.6% of the original price movement, that was 100 pips. So the price went down by 23.6 pips after going up by 100 pips.
This Margin Calculator allows you to Calculate Retail Selling Price, Cost Price or Margin when different variables are known.