WHAT IS A PIP AND HOW TO MEASURE IT?
WHAT IS A PIP?
The pips is the unit with which we measure the price movement of a pair.
Example: If the USD/MXN pair is used. If the dollar is worth 20.7 and rises to 20.8, it is said to rise to 1 cent but in FOREX it is not measured with cents, it is measured with pips.
The price of the USD/MXN chart has 3 extra decimal places 20.8000 those 3 extra decimal places are what the pips are measured with: the pip is the fourth number after the point . If the price changes from 20.8100 to 20.80101 the price moves 1 pips, if the price moves from 20.80100 to 20.80110 the price moves 10 pips and if the price moves from 20.80100 to 20.80300 the price moves 200 pips.
Pips are calculated differently depending on the pair, pairs with Japanese YEN and pairs WITHOUT Japanese YEN
https://www.tradingview.com/x/DkGZz4eO/
PAIRS WITH YEN
https://www.tradingview.com/x/LGqbDTsA/
The pips is the unit with which we measure the price movement of a pair.
Example: If the USD/MXN pair is used. If the dollar is worth 20.7 and rises to 20.8, it is said to rise to 1 cent but in FOREX it is not measured with cents, it is measured with pips.
The price of the USD/MXN chart has 3 extra decimal places 20.8000 those 3 extra decimal places are what the pips are measured with: the pip is the fourth number after the point . If the price changes from 20.8100 to 20.80101 the price moves 1 pips, if the price moves from 20.80100 to 20.80110 the price moves 10 pips and if the price moves from 20.80100 to 20.80300 the price moves 200 pips.
Pips are calculated differently depending on the pair, pairs with Japanese YEN and pairs WITHOUT Japanese YEN
https://www.tradingview.com/x/DkGZz4eO/
PAIRS WITH YEN
https://www.tradingview.com/x/LGqbDTsA/
Edrul Alejandro.
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
Telegram : t.me/EdrAlejo
Instagram : instagram.com/edrul_alejandro/
Link : linktr.ee/Edrul_Alejandro_
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.