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  • what does pip stand for forex

    The concept of pips is very important in trading in order to understand how exchange rates move, how to calculate the profit or loss on a position, and how to manage risk effectively. However, many traders still lack a deep understanding of pips in trading and risk management, which puts a large burden on their trading performance. In light of this, we’ve provided a detailed guide on what pips are in Forex trading, how to calculate their value, what pipettes are, and much more.
    Pipettes are a fractional value of a pip, and have a value of 1/10 of a regular pip. Many brokers use trading platforms with 5 decimal places instead of 4, making it important to understand the meaning of pips in Forex trading and how they differ from pipettes.

    Finally, knowing the Stop Loss of a trade setup helps in determining the perfect position size for that trade in order to stay inside your risk per trade boundaries.

    Now that you’ve learned what a pip stands for in Forex, you can move on to cover more complicated trading concepts and rest assured that you have a solid basis to calculate your total profits/losses on a trade.

    See more in https://alpari.com/en/beginner/artic...ro-forex-pips/

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