Help needed! Pips!

Beginner Questions
1

Hi everyone,

I’m getting a bit confused when it comes to pips, I put an order in EUR/JPY put the SL and TP but with different pips 0.01 and 0.15. Do I have to lower the SL if I put more pips in? ( I’m new to this and trying it on demo first ) would appreciate the help!! Please :grin::grin::grin:

2

I highly suggest you read through the School of Pipsology before even starting on a demo account

2 Likes
3

I second that

1 Like
4

Heyy!. Thanks for the info and feedback, is there else you think I could read to gain more knowledge?

5

Yes, old threads of this forum! I’m very sure, you’ll get so many important information’s on technical & fundamental analysis.

6

I agree with @justshell and @eddieb. It’s best that you start with the School of Pips here. :blush:

7

Yes it is! Till now BabyPips School is the best to start with! A proper guideline.

8

Better study Margin, Leverage and pip sizes at School of Pipsology :wink:

9

1 pip for non-jpy pairs is equivalent to 0.0001 on your price chart. For jpy pairs, it’s 0.01

Say you want to long eurjpy with entry price of 128.86 and risk of 40 pips, then your sl is 128.46.

Typically, tp will be a 1:1 risk/reward. In this case, tp is 129.26.