Love the Forex market! I just got caught up in some market manipulation. price stop hunted me then immediately jumped 30 pips in 1 second. time to adjust
What are Forex pips? This question is often asked by traders early in their trading career. Forex trading is centred around predicting the direction of price fluctuations in currencies and how one currency's value is measured against another. The change in value between currencies is measured in pips or "point in percentage" which is the smallest standardised move by which a currency's value can change. A pip is expressed as the fourth decimal place of a brokers quoted price. What Are Forex Pips And How To Calculate Their Value (geekyforex.com)
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Forex exchange rate measured in pips on live account.
I'm having trouble with buying currency pairs. For an unknown reason, the exchange rate between two given currencies is measured in pips instead of units, and, while this shouldn't be cause for concern, it's not allowing me to purchase anything more than 0.01 units with $3,000 capital after leverage. However I would have thought that i could buy 3 000 units, as I could with a demo account, where the exchange rate is measured in units. Maybe if I could fix the magnitude of the exchange then I could more easily solve the problem. Exchange rate between GBP and USD displayed in pips as opposed to units.
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What is the best forex scalping strategy to catch 5 pips per trade?
Hi there, Please, does someone knows a scalping strategy to catch 5 pips per trade and make like 7-8 same trades per day? I would really appreciate your suggestion! The currency pair that I'm trading is EURUSD
Hey y'all This community was created for all forex traders who want to learn and share their experiences. Here we post tutorials, live signals, analysis and we also talk about things related to the FOREX Industry
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Barely started learning forex through baby pips, should I be looking at charts already?
I just learned about uptrend and downtrend lines and channels in addition to the support and resistance levels. Right now I don't know much so I'm just looking at the AUD/JPY charts and plotting out the lines on a 4H window and taking selling when the price hits a resistance and buying when it hits support level. Is this a good way to practice or should I be backtesting first? My plan is to put in 30-45 mins everyday learning through baby pips and then spending 30 mins just looking at random charts practicing and learning how to use MT4.
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