Frequently Asked Questions
No, the calculator provides an estimate based on the inputs and does not account for real-world factors like spread, commissions, or other brokerage charges, which can affect the actual profit or loss. Forex trading carries significant risk.
The USD to INR rate is required to convert the calculated profit or loss from US Dollars to Indian Rupees, providing a localized and more understandable figure for a user in India.
Yes, the tool is designed to work with any currency pair by allowing the user to select their desired pair from a dropdown menu.
Yes, the tool allows you to select the Lot Type (Standard, Mini, Micro) to ensure the calculation of pip value is accurate for your specific trade size.
There is no maximum limit to the number of pips a trade can gain or lose, as this depends on the volatility of the market and how long a position is held.
