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Points Vs Ticks Vs Pips

ele020 (ele020)
Mar 22 at 11:35
147 posts
We all come across these three terms daily when trading. Many newbies tend to interchange these for each other. I have tried to explain in the simplest way possible.

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The more your practice, the more you learn.
LyudmilLukanov
Mar 22 at 14:43
327 posts
Thanks. I understand concept easily.

AliaDare
Mar 22 at 15:48
353 posts
These are the basic things you should learn first when trading forex. I understand things very well.

ele020 (ele020)
Mar 23 at 06:53
147 posts
LyudmilLukanov posted:
Thanks. I understand concept easily.

You are most welcome! :)

The more your practice, the more you learn.
Freddraven
Mar 26 at 11:27
26 posts
AliaDare posted:
These are the basic things you should learn first when trading forex. I understand things very well.

It is good that you have some knowledge about this and understand it well. I’ve also seen a lot of traders who have absolutely no idea about a few basic concepts and terminology.

groundhogday
Mar 26 at 11:48
3 posts
Nice explanation. I find it helpful

Anoxiare
Mar 30 at 05:54
22 posts
Freddraven posted:
AliaDare posted:
These are the basic things you should learn first when trading forex. I understand things very well.

It is good that you have some knowledge about this and understand it well. I’ve also seen a lot of traders who have absolutely no idea about a few basic concepts and terminology.

I understand it as well and it is important to know and begin with the basics. I was recently introducing my friend to forex and I recommended some learning courses.

Freddraven
Mar 30 at 11:12
26 posts
Anoxiare posted:
Freddraven posted:
AliaDare posted:
These are the basic things you should learn first when trading forex. I understand things very well.

It is good that you have some knowledge about this and understand it well. I’ve also seen a lot of traders who have absolutely no idea about a few basic concepts and terminology.

I understand it as well and it is important to know and begin with the basics. I was recently introducing my friend to forex and I recommended some learning courses.

That is the right thing to do and starting from scratch is the best way to learn in forex. I also started with reading books and taking online courses. After a few months of learning, I started practising on demo accounts which turned out fine for me. I familiarized myself with different platforms and forums to understand forex better.

tracicobb
Apr 06 at 11:43
6 posts
Thanks for the explanation. When I was a beginner, I used to face issues with understanding points, ticks, and pips. I am sure newbies will love the information.

maxcook
Apr 07 at 11:59
2 posts
Thanks for the explanation. When I was a beginner, I used to face issues with understanding points, ticks, and pips. I am sure newbies will love the information.

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