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Pip question

  • #1
  • First Post: Apr 13, 2018 11:02am Apr 13, 2018 11:02am
Hi guys

i m struggling knowing how many pips it is

ex:

i m trading GBPUSD, i buy at 1.42295 and sell at 1.42586, so i m up 0.00291 which is equal to 29 pips right?

now for silver

i buy at 16.548 and sell at 16.633
i m up 0.085, is that 8.5 pip?

now XRPBTC

i buy at 0.000081976 and sell at 0.000083013

i m up 0.000001037 is that 1037 pips?

now for btcusd

i buy at 8000 and sell at 8100, what am i up?


is there a calculator that can calculate pips for you?

thx a lot
  • #2
  • Apr 15, 2018 8:28am Apr 15, 2018 8:28am
Quoting priceaction9
Hi guys i m struggling knowing how many pips it is ex: i m trading GBPUSD, i buy at 1.42295 and sell at 1.42586, so i m up 0.00291 which is equal to 29 pips right? now for silver i buy at 16.548 and sell at 16.633 i m up 0.085, is that 8.5 pip? now XRPBTC i buy at 0.000081976 and sell at 0.000083013 i m up 0.000001037 is that 1037 pips? now for btcusd i buy at 8000 and sell at 8100, what am i up? is there a calculator that can calculate pips for you? thx a lot
I have seen, so many similar questions. So, use the search option of this forum. I am sure you’ll get your solution even more.
  • #3
  • Apr 16, 2018 6:47am Apr 16, 2018 6:47am
Quoting Majeeda
{quote} I have seen, so many similar questions. So, use the search option of this forum. I am sure you’ll get your solution even more.

I did Browse the forum and couldnt found a satisfactory answer, this is why i started a new topic, and i am guessing by your answer that you do not know the answer either.

Hopefully someone who know could help me out.

thanks in advance
  • #4
  • Apr 16, 2018 1:41pm Apr 16, 2018 1:41pm
hi priceaction9,

hanover, is one of the best here in FF.

ask hanover, you will get the best answer.
  • #5
  • Apr 16, 2018 4:40pm Apr 16, 2018 4:40pm
Quoting priceaction9
Hi guys i m struggling knowing how many pips it is ex: i m trading GBPUSD, i buy at 1.42295 and sell at 1.42586, so i m up 0.00291 which is equal to 29 pips right? now for silver i buy at 16.548 and sell at 16.633 i m up 0.085, is that 8.5 pip? now XRPBTC i buy at 0.000081976 and sell at 0.000083013 i m up 0.000001037 is that 1037 pips? now for btcusd i buy at 8000 and sell at 8100, what am i up? is there a calculator that can calculate pips for you? thx a lot
That would depend on the broker. FBS and bitcoin has a pip being a change of ever 10usd in the price of BTCUSD which of couse gives them, the broker, the spread of over 3 decimal places. Not ro mention a huge spread.
In your case... open the smallest low size size you can and see the change reflected for your self.
Hail me for arth thou DaQueen
  • #6
  • Apr 16, 2018 4:54pm Apr 16, 2018 4:54pm
I just bought it. Now subtract the spread and tell me which numbee is 2 pips higher then me covering BE.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Hail me for arth thou DaQueen
  • #7
  • Apr 17, 2018 6:46am Apr 17, 2018 6:46am
Quoting DaQueen
I just bought it. Now subtract the spread and tell me which numbee is 2 pips higher then me covering BE. {image} {image}
Nice to see your risk reward ratio; I think it’s a good trade; I have also a buy trade from the 2017 (March).
  • #8
  • Apr 17, 2018 9:06pm Apr 17, 2018 9:06pm
Quoting DarrenLehma
{quote} Nice to see your risk reward ratio; I think it’s a good trade; I have also a buy trade from the 2017 (March).
What is ny risk:reward scotty du?
Hail me for arth thou DaQueen
  • #9
  • Apr 22, 2018 8:48pm Apr 22, 2018 8:48pm
pips is actually used only in forex (foreign exchange)
is the 4th unit after decimal in most currency pairs, except few ones like yen where it is only 2nd unit after decimal

where you have a 5th unit that's called a pipette and is obv. a tenth of a pip

as you saw if you try to force the term in his unnatural ground like commodities, or cryptos , you'll get confused , because making pips of that is just not working

yes you'll find calculators to work your profit in any market, but what you gain there is not expressed in pips..
The risk is what gives value to an investment.
  • #10
  • May 18, 2018 6:56am May 18, 2018 6:56am
how many pips is more appropriate for a day trader ? anyone can suggest
  • #11
  • May 18, 2018 4:30pm May 18, 2018 4:30pm
Quoting NathanAstel
how many pips is more appropriate for a day trader ? anyone can suggest
//-----

hey nathan..... that would depend on the life style your pursuing and job your replacing.... here in the states, 100 pips should do if the trade size was 1 standard lot...... or 50 pips with 2 standard lots.....

that would be for someone whose only source of income would be forex...... h
to trade and code, keep both simple... no call to impress....h
  • #12
  • Last Post: May 19, 2018 5:19am May 19, 2018 5:19am
Quoting NathanAstel
how many pips is more appropriate for a day trader ? anyone can suggest
It completely depends on your trading strategies and the abilities about money management.
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