pips? i am italian y need help

[Klaz]

i reed 900 pips 850 pips y dont understand what it is

by every treding sistem its wrote how many pips

please say to me what are this pips?

(in italy pippe means sex with yor hand :D)

[thesecret]

Re: pips? i am italian y need help

 

OMG! :D

[OnkelHotte]

Re: pips? i am italian y need help

 

serious... :sleapy:

[pultimo]

Re: pips? i am italian y need help

 

Ohh..well, there are a lot of trading systems which make more 'pippe' than 'pips'.....

[friveluss]

Re: pips? i am italian y need help

 

pips are just the smallest possible increment by which you measure profit or loss in forex.

[Starting]

Re: pips? i am italian y need help

 

i reed 900 pips 850 pips y dont understand what it is

by every treding sistem its wrote how many pips

please say to me what are this pips?

(in italy pippe means sex with yor hand :D)

 

Ok, buddy.

 

If broker gives prices in format like 1.37341 on all pairs and like 135.992 on pairs with Japanese yen, then it is 5 digits broker, eg Alpari NZ Ltd.

If price is quoted like this: 1.3734 on all pairs and like 135.99 on pairs with Japanese yen, then it is 4 digits broker.

 

So for 4 digits broker the pip is 1/10000 or 0.0001 for any currency pair exept of those with Japanese yen.

For pairs with Japanese yen it is 1/100 or 0.01.

 

If EURUSD bid price is 1.3734 (4 digits broker) then last "4" is 4 pips, last "34" is 34 pips etc.

If you want to see what you'll get if you add 50 pips to 1.3734, then just make simple calculation 1.3734+50/1000 = 1.3784.

 

For 5 digits broker 1 pip still the same 1/10000 or 0.0001 for any currency pair exept of those with Japanese yen.

But because of 5th digit on your screen it will be displayed like 10, however in essense it is still the same 1 pip.

 

Hope it clear, if not, just ask :arrow: