What is a Pip in Forex?
In forex trading, the unit of measurement to express the change in value between two currencies is called a "pip."
In forex trading, the unit of measurement to express the change in value between two currencies is called a "pip."
The pip value calculator helps forex traders determine the value per pip in their base currency so that they can monitor their risk per trade more accurately.
A pip is the smallest value change in a currency pair's exchange rate when trading forex.
The position size calculator helps forex traders find the approximate amount of currency units to buy or sell to control your maximum risk per position.
I’m trying 20 pips but I get stopped out when price retraces. Then it continues to its original direction.
Forex is traded in specific amounts called lots. The standard size for a lot is 100,000 units. There are also a mini, micro, and nano lot sizes.
My name is Claudette starting a new venture
Hello everyone, I go by Agent_31. I am somewhat new but not quite. I have been trading for the better part of this year but, yes, I blew an account here and there and everywhere else so I need to learn more, that is why…
Hi I am new here and like using the currency strength meter. However, while it is obvious when daily, 1 hour, 30 mins etc setting start their cycle it is unclear when each new 4-hour cycle starts. Are we on GMT or Lond…
what is best time to trade gold In terms of getting more pips? reply with tips other than New York session.
Good morning/ evening, I've made my way to this forum tonight for a few reasons. To post how I trade at the moment To get some feedback on how I can make this strategy and my trading more effective I'LL LIST OU…
Here's a KISS London Breakout system I've been working on for a while. I'd like to hear what everyone else thinks: Set entry points at high and low of EURUSD from 00:00 GMT to 9:00 GMT. Entry is the first cross of the …
Hey everyone, brand new to this site so any advice is welcome. My name is Tara, I’m 34 and a nurse full time. I want to ensure that I can still make money when I’m older because even though I’m 34 being a nurse with prio…
Hello all! I’ve opened this thread to document my journey. As many before me have said, I’ve not got anyone in real life to talk about regarding trading forex, so I’m going to try to get my need for communication and s…
I’m having a real problem calculating pips. Can some one dumb it down for me even more then it already is? I mean like baby step by step calculation please?
Starting capital: $5k Pips per day: 10 (200 per month) Pips | Days| Pip Value | Acc Balance 10 20 $50 $15,000 10 20 $150 $45,000 10 20 $600 $165,000 10 20 $2,250 $615,000 10 20…
Hello, My name is Besard. I’m 18 years old, I just finished high school and I’m going to university. My dream is to become a successful businessman. I joined this group because I like to learn about Forex. I know that th…
This might seam like a dumb question. How do we find the pip value on the exotic currencies. Everyone keeps saying the the JPY is on the second number after the dot, this I know very well. What about the pip value on Z…
I found this on other forums but its very useful for just getting atleast 10pips per day. 5 EMA applied to close (Red) 12 EMA applied to close(Blue) RSI with 14 and level 50. TF : 15mins Buy Alert: Buy when 5 cr…
WHAT A RIDE! I knew I was on to something when I first spotted that double-bottom setup on EUR/JPY! This trade really has become the trade of the year! Come see how it ended!
Hi I done some algo trading yesterday some good profit Atm cad jpy buy Usd cad sell Just now Cad jpy buy tp 107.948 sl 107.348 Usd cad sell tp 1.35169 sl 1.35769
I've been doing backtests with this strategy and so far the results looks positive. I'm interested to see if other people can backtest this or try it with different timeframes. The strategy is simple and only uses the …
For a scalper , How many pips per trader is possible. In other words Whats the minimum PIP for scalper per trade , so that het will get descent profit
Hey, This is a strategy that works for me. We will be using renko charts to trade, and using a moving average also. We are only going to be trading the price action, and one signal in particular. I trade using 3 pip…
Hello guys, Imagining that someone just trade Indexes and have a defined Stop loss of 4points/handles Now the Trader wants to move to Forex and want to keep the defined Stop Loss. 4 points in indexes is how many pips …
I think it's about time I got my own thread ...BDay present to self...:smiley: This is going to be more of a blog/journal to facilitate a bit more discipline for myself, so I'm not going to present any tutorial type po…
I'm wondering how you can calculate pips for Bitcoin and other currencies. For the ones denominated in Bitcoin eg Dash or Litecoin or whatever I guess its relatively easy. But how do you calculate for currency pairs such…
Hello everyone! I’ve found this strategy online, and I wanted to know your opinion on the matter. How it works: Basically, you wait for the close of the 7am GMT candlestick close on the 1 hour timeframe, then you start…
Hey guys, I have been in search of a scalping strategy, something that is simple and requires minimal indicators, I am just looking to take 2 pips profit per trade, I got a spread of 0.3 and $7 per lot charge, so I still…
Failing doesn’t give you a reason to give up, as long as you believe.Naruto