Forex Zone | Forex Forum

is that pip?

Discussion started on Forex Education

  • is that pip? in Forex Education_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
is that pip? in Forex Education_xx
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)

Linkback: https://www.forex.zone/forex-education/29/is-that-pip/1647/
#1 - February 23, 2019, 02:06:07 AM

  • Posts: 279
  • Points: 0
  • Likes Received: 79
  • Reputation: +1/-0
is that pip? in Forex Education_xx
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

  • is that pip? in Forex Education_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
is that pip? in Forex Education_xx
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

  • Posts: 117
  • Points: 0
  • Likes Received: 8
  • Reputation: +0/-0
is that pip? in Forex Education_xx
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

  • Posts: 20
  • Points: 0
  • Likes Received: 2
  • Reputation: +0/-0
is that pip? in Forex Education_xx
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

  • Posts: 168
  • Points: -5
  • Likes Received: 67
  • Reputation: +5/-0
is that pip? in Forex Education_xx
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

  • Posts: 1
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
is that pip? in Forex Education_xx
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

  • is that pip? in Forex Education_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
is that pip? in Forex Education_xx
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

  • Posts: 26
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
is that pip? in Forex Education_xx
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

  • is that pip? in Forex Education_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
is that pip? in Forex Education_xx
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

  • Posts: 26
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
is that pip? in Forex Education_xx
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

  • Posts: 234
  • Points: 0
  • Likes Received: 15
  • Reputation: +1/-0
is that pip? in Forex Education_xx
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

  • is that pip? in Forex Education_index
  • Posts: 75
  • Points: 0
  • Likes Received: 20
  • Reputation: +0/-0
is that pip? in Forex Education_xx
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

  • is that pip? in Forex Education_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
is that pip? in Forex Education_xx
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

  • is that pip? in Forex Education_index
  • Posts: 1047
  • Points: 5672
  • Likes Received: 100
  • Reputation: +4/-0
is that pip? in Forex Education_xx
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

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter