holy sh*t rhody seemed u lashed out on me ā¦ most of those thing just came out of my mind, and like i said its an example. and those prices i just took them out of my broker fxsolutions. the pairs yea i got mixed up like i said came out of my mind. and about the leverage i was again giving an example not the risk. and im sure i did said something about the risk.
and yes i look more into aud/usd and usd/jpy helps out alot especailly since im trading into mini account. its not smart to trade a $150 gbp/usd on a $300 account now is it? not a good idea right. well anyways not to flame here. i leave this how it is.
Hi all, i have some qns regarding pip calculations too. Hope you guys donāt mind.
Does the mt4 program automatically calculate your loss for a given pips as stop loss or do i have to manually figure it out myself? Because i realised oanda provided that service.
Ok i understand for the usd pairs 100 000 would be $10 per pip.
What if i buy 1 lot of EUR JPY at 110.460
How much is one pip now? Isit still $10 ? thanks all.
It would be 10 of the quote currency, which is the first currency listed in the pair.
So 1 standard lot on GBP/JPY would be 10 British pounds per pip, not 10 US dollars.
To get the pip value in dollars just do the currency conversion with whatever the current rate is. The easiest way (especially when you arenāt using round numbers like 10) is to just type it into Google and let their currency converter do the work. For example, type ā10 gbp to usdā in Google and it tells you ā10 British pounds = 14.27 U.S. dollarsā
The Google converter is not updated in real time though, so be aware it will be off by a few pennies.
The rate change is in the quote currency, not the base (second listed, not first), which is why itās the quote currency. Thus, 10 pips in EUR/USD is $0.0010, while 10 pips in USD/JPY is 0.10 yen.
So, if youāre trading GBP/JPY and you make 100 pips that would be 1 JPY. If USD/JPY were 100, it would be $0.01 (1 JPY / 100).
ā¦ most of those thing just came out of my mind, and like i said its an example. and those prices i just took them out of my broker fxsolutions. the pairs yea i got mixed up like i said came out of my mind. and about the leverage i was again giving an example not the risk. and im sure i did said something about the risk.