The NAS100 pip calculator in Forex

The NAS100 pip calculator in Forex represents a Forex calculator that calculates the value of a NAS100 pip in the currency you want by defining following values:

number of pips

lot size used

currency pair

deposit currency

Why do you need NAS100 pip calculator?

You can calculate the value for a number of NAS100 pips. And that means for example if you have 100 pips as a stop loss or take profit set, then you can calculate how much that will be in terms of a currency you select.

How to use the NAS100 pip calculator?

Inside the NAS100 calculator you have several fields you need to fill with the data. And those are the number of pips, NAS100 symbol, deposit currency and lot size. At the end you click the button Calculate and you get the value of NAS100 pip.

In this article I will show you all details you need to know about NAS100 pip calculator and what you can get with using it, why you should use it to speed up the process of calculating pip value and how to use it so you do not get confused when looking at pip calculator.

Read more: What is Pip Calculator

Video:

https://youtu.be/ngZOCPsa4o4

NAS100 Pip Calculator Example

The best way to explain how the NAS100 calculator works is to show an example. I will make a few examples so you can see the difference in calculations.

NOTE: Very Important

When trading NAS100 or Indice like S&P500 it is important to know what is the contract size on trading platform.

What contract size means?

In Forex when you check the contract size it says that one standard lot is 100,000 units of base currency. So, the contract size for 1.0 lot is 100,000.

In Indices like NAS100 the broker will define what the contract size will be on the trading platform. So, they can define a contract size of 1.0 in MT4 not to be 100,000 units, but for example:

1.0 = 100 units or

1.0 = 1.00 units

So, when you make calculation of a pip value on NAS100 or any other Indice where 1.0 is not equal to 100,000 units then you need to pay attention to this.

Let’s say a broker defines that the contract size is 1 unit. That would mean that 1 standard lot if you are trading in MT4 this would be

Volume = 1.0 = 1 unit

inside trading platform.