Four steps from pip value to lot size, leverage and the spread and swap costs that decide whether a forex strategy clears its own overheads.
New to trading? Work through Trading Foundations first — this path assumes you can already size a position from a stop.
Forex · 3 min read
Price one pip in your account currency for any pair.
Practice
Price a pip on USD/JPY for one standard lot, then switch to a micro lot.
Open the Pip Value calculator →Forex · 4 min read
Read standard, mini and micro lots as unit counts rather than as jargon.
Practice
Turn a 40-pip stop on a $5,000 account into lots, then widen the stop to 80 pips.
Open the Lot Size calculator →Forex · 3 min read
Work out the margin a position ties up and how far price can move before a stop-out.
Practice
Find the margin on a standard lot at 1:30, then compare 1:100 and 1:500.
Open the Margin / Leverage calculator →Forex · 4 min read
Put a number on the spread and swap a strategy pays over a month.
Practice
Cost 40 standard-lot trades at a 1.2-pip spread, then try 0.6 pips plus commission.
Open the Spread Cost calculator →The steps build on each other — the position sizing in step three depends on the stop placement in step two.
Read: How to Calculate Pip Value (With Examples) →