Master Your Trading Precision

Unlock smarter trading with Xelans Markets’ slick pip calculator! It’s your secret weapon for nailing pip values, fine-tuning lot sizes, and keeping risks in check. Let’s break it down with flair:

• What is a Pip? A “point in percentage” measuring currency price movement.
• Pip Location:
  • Most currency pairs: 4th decimal (0.0001, or 1/100 of 1%).
  • JPY pairs: 2nd decimal (0.01).
• What is a Pipette? 1/10th of a pip for tighter spreads and precise price changes.
  • Non-JPY pairs: a pipette is the 5th decimal.
  • JPY pairs: a pipette is the 3rd decimal.
• Why Use Pips? Standardizes market movement, minimizes losses, and supports informed trading decisions.

This system helps traders make more informed decisions and manage risk effectively.