What is a pips in forex it stands for percentage in point is the smallest price change that a given exchange rate can make an increase or decrease in Pepsi represents a profit or loss in your Forex trade let me explain further when currencies are quoted they only quoted to the decimal place this is also true for silver Japanese oil in oldest trade successfully you need to understand .
What it is and how to calculate its valuewe focus on being financially literate so that we can make informed decisions about their financial future as usual we’re going to start off with a little cartoon hear about investing and how some people have to almost give their souls to be successful traders in the market third installment on our video series on understanding Forex .
Pips calculation in forex
we’re going to focus today on what is a pip now what is what is a person here we have the euro dollar or the euro is the base currency and the dollar is the currency again I encourage you to go to our second video in this installment to get more details but this is our your data
We shared that currently that the euro-dollar is 1.266 V and then that the base currency in Europe for $1 euro is going to cost you 1 .266 by and add all those of the states are really too much for me.
More pips in forex trading
But that’s fine and that 65 has a lot to do with what is currencies fluctuate in fractions of a dollar called a pic the pic stands for Price interest point a pimp is the last decimal and a quote to let’s go back to that 1.266 V and your data currently is at 1.266 but if we were to go up to him that will take us to 1.2 667 .
if we will go down to his 1.2 663 you can see that last one is where we gain and lose by now and our next storm and we’re going to talk about what and where we can this will help you .
Pips avanon forex system
put it on YouTube how much is a bit worse but it depends upon how much you invest But first you have to understand how to calculate the value of a cone the last decimal the quote there are two the majority of the clothes .
I have for decimals there are two that only have two and we’ll talk about that more getting up. It was a lot but we hope this helps you understand basically what a pimp is looking at that for decimal and a quarter and as it rises that’s how we got it thanks guys and I’ll see you later.