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Points Vs Ticks Vs Pips

langtufx
Apr 08 at 02:33
4 Beiträge
1 pip = 10 Points.
in picture, you con see ex : USDCHF the big digit 0.9298 is in the form of Pip, and the small one after, above, is points. from 0.9298 to 0.9299 is 1 pip. and to increase 1 pip the number of points would have to be from 1 to 10.

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ele020 (ele020)
Apr 09 at 04:12
163 Beiträge
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.

Exactly and only such trader want to become rich in a couple of days from trading... I find it very difficult to digest how can anyone think of gaining so much until they have made good quality effort to learn the basics and practice .???

The more your practice, the more you learn.
ele020 (ele020)
Apr 09 at 04:15
163 Beiträge
groundhogday posted:
Nice explanation. I find it helpful

Thank you. II am glad that it helped

The more your practice, the more you learn.
ele020 (ele020)
Apr 09 at 04:19
163 Beiträge
tracicobb posted:
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.

Its a fact, in the beginning we all have confused ourselves with these terms.. To me it all sounded synonyms of each other. But with time I understood the exact meaning and reference of each term.

The more your practice, the more you learn.
langtufx
Apr 09 at 07:31
4 Beiträge
when use account zero spread, bid and as is same.

SofieAndreasen
Apr 10 at 11:32
399 Beiträge
langtufx posted:
when use account zero spread, bid and as is same.

It is hard to find a zero spreads broker. If you find one, it will charge a commission. So, in the end, it's all same.

patriciablack
Apr 13 at 04:12
15 Beiträge
This is actually very well explained and thank you for sharing it again..

fredafernandez
Apr 14 at 12:48
16 Beiträge
SofieAndreasen posted:
langtufx posted:
when use account zero spread, bid and as is same.

It is hard to find a zero spreads broker. If you find one, it will charge a commission. So, in the end, it's all same.

So, low spreads is the best option?

ele020 (ele020)
Apr 15 at 05:06
163 Beiträge
ele020 posted:
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.

Hey guyssssss,,, I just noticed a mistake in my image... 😝 here is the corrected one.. I apologise for this typing error.

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The more your practice, the more you learn.
ele020 (ele020)
Apr 15 at 05:09
163 Beiträge
patriciablack posted:
This is actually very well explained and thank you for sharing it again..

Thank you @patriciablack I am glad it helped.. I am always ready to share my knowledge

The more your practice, the more you learn.
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