Silliest question of the day

Beginner Questions
1

Hi everyone

I guess this will be a stupid question and also it has been covered here before and on the baby pips school but need to make sure as thinking I lose maximum profits on trades as am not sure about pips on my mt4

My broker for instance on EURUSD 1.32667, so if I want to put a 100 pips on there I used to say it is 1.32767, but now I have seen a few people saying this is only 10 pips am I correct in saying this?

If I want to do a stop loss on the same amount as above of 50 pips would it then be 1.33167 as there are 5 decimals in here?

Thank in advance

2

People are often mixing up pips and points. Originally 10 points = 1 pip and what you’re talking about is 10 pips or 100 points. However, nowadays it is common thing when points are being called pips.

3

Thank you so much, as I hear people all the time saying they made 200 pips on this or that and when I look at the points it does not look like a lot though… Thanks again I will make sure I update my trades accordingly

4

when people say earning 200 pips, that is like a fallacy and doesn’t happen often to people to take profit.:5: