Forex Pip Value Calculator

Use this pip value calculator if you want to know a price of a single pip for any Forex traded currency. Use this free Forex tool to calculate and plan your orders

Handy MT4 Indicator

Forex Brokers make money by charging the investor a "spread". Simply put, the spread is the difference between the bid price and the ask price for the currency being traded. The broker will add this spread onto the price of the trade and keep it as their fee for trading. So, while it isn't a commission per se, it behaves in practically the same way. It is just a little more hidden.

The good news though is that typicallythis spread is only charged on the "buy" side of the trades. So the spread really is your primary cost of trading the Forex and you should pay attention to the details of what the different brokers offer at different times of the day.

The FXRM Spread History Indicator, from ForexRobotMan is very handy for monitoring the spread across different brokers. 

Install the indicator into the Indicator folder in your MT4 trading platform and then add to your chart.  In the example below you can see the spread being increased by the broker through out the day.

 Publishing your results

MT4 Stats is a free service which makes it possible to publish and share realtime trading results with others. 

You can sign up for as many accounts as you wish, although you need to supply a different login and password for each account. Sign up here

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