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is that pip?

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Fxortrader

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Pip is short of "percentage points" and is the smallest increase in forex trading. In the forex market, the price is quoted to the fourth decimal point. For example, if a bar of soap at a pharmacy is valued at $ 20, in the forex market, the same soap will be quoted at 1.2000. Changes at the fourth decimal point are called 1 pip and are usually equal to 1/100 of 1%. Among major currencies, the only exception to this rule is the Japanese yen. One Japanese yen is now worth around $ 0.01. So, in the USD / JPY pair, the quote is only taken for two decimal digits (ie at 1/100 yen, as opposed to 1/100 with the other major currencies)

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#1 - February 23, 2019, 02:06:07 AM

Chiffa

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Quote from: Fxortrader on February 23, 2019, 02:06:07 AM
Pip is short of "percentage points" and is the smallest increase in forex trading. In the forex market, the price is quoted to the fourth decimal point. For example, if a bar of soap at a pharmacy is valued at $ 20, in the forex market, the same soap will be quoted at 1.2000. Changes at the fourth decimal point are called 1 pip and are usually equal to 1/100 of 1%. Among major currencies, the only exception to this rule is the Japanese yen. One Japanese yen is now worth around $ 0.01. So, in the USD / JPY pair, the quote is only taken for two decimal digits (ie at 1/100 yen, as opposed to 1/100 with the other major currencies)
is there a difference with pips?
or pip is the plural English term, "Pip" becomes "Pips".

but now many brokers also provide 5 decimal forms called pipettes.
sometimes there are also those who call it points.

what do you think is right or is this just a term?
#2 - February 23, 2019, 03:52:04 AM

Fxortrader

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this term from PIP calculation or points in forex trading, maybe you can justify this topic can there be something wrong in the rule topic?
#3 - February 23, 2019, 03:57:19 AM

Hesti

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Quote from: Fxortrader on February 23, 2019, 02:06:07 AM
Pip is short of "percentage points" and is the smallest increase in forex trading. In the forex market, the price is quoted to the fourth decimal point. For example, if a bar of soap at a pharmacy is valued at $ 20, in the forex market, the same soap will be quoted at 1.2000. Changes at the fourth decimal point are called 1 pip and are usually equal to 1/100 of 1%. Among major currencies, the only exception to this rule is the Japanese yen. One Japanese yen is now worth around $ 0.01. So, in the USD / JPY pair, the quote is only taken for two decimal digits (ie at 1/100 yen, as opposed to 1/100 with the other major currencies)
Actually I try to imagine of your explanation , but I still don't understand hehehehe , But ... thank you for your explanation about what the real pip is
#4 - February 23, 2019, 11:29:13 AM

Ellashabets

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Quote from: Fxortrader on February 23, 2019, 02:06:07 AM
Pip is short of "percentage points" and is the smallest increase in forex trading. In the forex market, the price is quoted to the fourth decimal point. For example, if a bar of soap at a pharmacy is valued at $ 20, in the forex market, the same soap will be quoted at 1.2000. Changes at the fourth decimal point are called 1 pip and are usually equal to 1/100 of 1%. Among major currencies, the only exception to this rule is the Japanese yen. One Japanese yen is now worth around $ 0.01. So, in the USD / JPY pair, the quote is only taken for two decimal digits (ie at 1/100 yen, as opposed to 1/100 with the other major currencies)
What value for each pair is the same, sir?
#5 - February 23, 2019, 11:36:04 AM

Culun

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Quote from: Ellashabets on February 23, 2019, 11:36:04 AM
What value for each pair is the same, sir?
in pips, all pairs are equal to 1 pip.
#6 - February 23, 2019, 03:05:56 PM

Jalcit

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Quote from: Fxortrader on February 23, 2019, 02:06:07 AM
Pip is short of "percentage points" and is the smallest increase in forex trading. In the forex market, the price is quoted to the fourth decimal point. For example, if a bar of soap at a pharmacy is valued at $ 20, in the forex market, the same soap will be quoted at 1.2000. Changes at the fourth decimal point are called 1 pip and are usually equal to 1/100 of 1%. Among major currencies, the only exception to this rule is the Japanese yen. One Japanese yen is now worth around $ 0.01. So, in the USD / JPY pair, the quote is only taken for two decimal digits (ie at 1/100 yen, as opposed to 1/100 with the other major currencies)
it seems like this is one of the most important parts of things that must be learned by beginners because sometimes I personally am still confused in pips calculation because some say 4 digits and 5 digits.

but with your explanation, I feel clear about this information.
#7 - February 24, 2019, 11:17:27 PM

Fxortrader

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Quote from: Jalcit on February 24, 2019, 11:17:27 PM
it seems like this is one of the most important parts of things that must be learned by beginners because sometimes I personally am still confused in pips calculation because some say 4 digits and 5 digits.

but with your explanation, I feel clear about this information.
difference in broker 4 digits and 5 digits, in a pip count is an additional 1 digit behind the comma.
example.

4 digits behind comma: 1.3212
5 digits: 1.32123
#8 - February 24, 2019, 11:44:41 PM

ayun

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Quote from: Fxortrader on February 23, 2019, 02:06:07 AM
Pip is short of "percentage points" and is the smallest increase in forex trading. In the forex market, the price is quoted to the fourth decimal point. For example, if a bar of soap at a pharmacy is valued at $ 20, in the forex market, the same soap will be quoted at 1.2000. Changes at the fourth decimal point are called 1 pip and are usually equal to 1/100 of 1%. Among major currencies, the only exception to this rule is the Japanese yen. One Japanese yen is now worth around $ 0.01. So, in the USD / JPY pair, the quote is only taken for two decimal digits (ie at 1/100 yen, as opposed to 1/100 with the other major currencies)
oh so that's it, man. for example if we open a lot 0.01 if we experience a 100 pip increase,
we will get $ 10. or if 0.1 increase in 100 pips, it will be $ 100 profit
#9 - February 27, 2019, 01:44:49 AM

Fxortrader

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Quote from: ayun on February 27, 2019, 01:44:49 AM
oh so that's it, man. for example if we open a lot 0.01 if we experience a 100 pip increase,
we will get $ 10. or if 0.1 increase in 100 pips, it will be $ 100 profit
depending on the leverage that you are using. in pips 0.01 for a standard account. so if you OP with lot 0.01 the pips count is still 0.01 .
#10 - February 27, 2019, 02:37:29 AM

ayun

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Quote from: Fxortrader on February 27, 2019, 02:37:29 AM
depending on the leverage that you are using. in pips 0.01 for a standard account. so if you OP with lot 0.01 the pips count is still 0.01 .
oh yeah like that sir. according to the use of leverage.

if for the other stocks is the calculation the same? like Metals, CFD, Futures.
#11 - February 27, 2019, 09:02:04 AM

Aranchar

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Quote from: Fxortrader on February 23, 2019, 02:06:07 AM
Pip is short of "percentage points" and is the smallest increase in forex trading. In the forex market, the price is quoted to the fourth decimal point. For example, if a bar of soap at a pharmacy is valued at $ 20, in the forex market, the same soap will be quoted at 1.2000. Changes at the fourth decimal point are called 1 pip and are usually equal to 1/100 of 1%. Among major currencies, the only exception to this rule is the Japanese yen. One Japanese yen is now worth around $ 0.01. So, in the USD / JPY pair, the quote is only taken for two decimal digits (ie at 1/100 yen, as opposed to 1/100 with the other major currencies)
pip is a calculation for 10 points for pairs with 4 decimal places

semilsa
for eurusd currency pairs
1.23000 rose to 1.23050 to move up 5pip
Similarly, if you use a pair with 4 decimals

maybe this is what I know.
#12 - February 27, 2019, 09:12:58 AM

Reztu

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Price every single poin (pip or pipette) with standard lot.
- 4 decimal or 2 decimal, 1 poin (pip) equal with 10 USD
- 5 decimal or 3 decimal, 1 poin (pipette) equal with 1 USD

Notes:
1 pip : 10 pipette
#13 - March 11, 2019, 08:18:11 AM

Fxortrader

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Quote from: Reztu on March 11, 2019, 08:18:11 AM
Price every single poin (pip or pipette) with standard lot.
- 4 decimal or 2 decimal, 1 poin (pip) equal with 10 USD
- 5 decimal or 3 decimal, 1 poin (pipette) equal with 1 USD

Notes:
1 pip : 10 pipette
can be said like that!
#14 - March 14, 2019, 01:45:17 PM

ariezz

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Sometimes there are beginner traders who don't know what pip / pips is, even though this is a basic thing that must be known and understood. If I myself prefer to call it '' points '' rather than '' pip / pips ''
#15 - March 19, 2019, 11:35:21 AM
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