Pip Calculator question
Mar 19, 2017 at 08:34
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4 Replies
Mar 19, 2017 at 08:34
the pip calculator - 'The Pip Calculator will help you calculate the pip value in different account types (standard, mini, micro) based on your trade size.'
My question - the 'Trade Size' we enter - is that entered in pips, or dollars? Does not give units
Thx
My question - the 'Trade Size' we enter - is that entered in pips, or dollars? Does not give units
Thx
Mar 20, 2017 at 12:41
Hello,
The trade size you enter is the amount of the first currency of given FX pair. In the last column, you have the pip value calculated in USD value. For example:
AUD/CAD - if you enter 100,000 units (you will trade 100,000 AUD against CAD and each pip will cast you 7.48755 USD (with current exchange rate).
I hope this will help.
The trade size you enter is the amount of the first currency of given FX pair. In the last column, you have the pip value calculated in USD value. For example:
AUD/CAD - if you enter 100,000 units (you will trade 100,000 AUD against CAD and each pip will cast you 7.48755 USD (with current exchange rate).
I hope this will help.
Apr 24, 2017 at 13:49
BaldoN posted:
Hello,
The trade size you enter is the amount of the first currency of given FX pair. In the last column, you have the pip value calculated in USD value. For example:
AUD/CAD - if you enter 100,000 units (you will trade 100,000 AUD against CAD and each pip will cast you 7.48755 USD (with current exchange rate).
I hope this will help.
Well said! When I was a novice trader then I also didn’t know this type of technical answer! Whatever, I use all of my trading targets according to the pips target, like right now my daily trading target is 65 pips; I seem traders need to set their trading targets with pips measurement, they shouldn’t use $ calculation in this case!
Apr 25, 2017 at 12:27
It is depends from the way of your trade style, time frames, desired targets and risk.
Targets could be set under many different trading conditions. For example: around technical levels, based on indicator, based on percent of equity, or percent of balance, or fixed amount as money or pips and more. :)
Targets could be set under many different trading conditions. For example: around technical levels, based on indicator, based on percent of equity, or percent of balance, or fixed amount as money or pips and more. :)
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