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## Best Trading Foreign Exchange and Pip

### Best Trading Foreign Exchange and Pip

A "pip" is the smallest increment in any currency pair.

Using USDJPY as an example, this yields:

(.01/130.46) x USD10,000 = \$0.77

or 77 cents per pip

Using EURUSD as an example, we have:

(.0001/.8942) x EUR10,000 = EUR 1.1183

But we want the pip value in USD, so we then must multiply EUR1.1183 x

(EURUSD exchange rate):
www.ajaxfinancial.com

ajaxfinancial

Posts: 5
Joined: Fri Feb 10, 2012 10:47 am

### Re: Best Trading Foreign Exchange and Pip

There is detailed info about Pips and Pipettes at Babypips.

Source: http://www.babypips.com/school/pips-and-pipettes.html

Haley12
Senior Member

Posts: 658
Joined: Wed Sep 21, 2011 7:00 am

### Re: Best Trading Foreign Exchange and Pip

ajaxfinancial wrote:A "pip" is the smallest increment in any currency pair.

Using USDJPY as an example, this yields:

(.01/130.46) x USD10,000 = \$0.77

or 77 cents per pip

Using EURUSD as an example, we have:

(.0001/.8942) x EUR10,000 = EUR 1.1183

But we want the pip value in USD, so we then must multiply EUR1.1183 x

(EURUSD exchange rate):

I really could not understand of this half cooked post. in fact i should not say half cooked rather half copied and pasted post.
The contents were copied from a minor and relatively unknown forex training site. Google the part of this post and we can see from where these were copied. The interesting point is that the contents do not mean anything. What was the value of USD/JPY and EUR/USD. PIP value will change when the value change and is not constant and do not depend only on the currency pair but the current value of the currency pair.

I thing it was ages ago when EUR/USD was 0.8942 and it was ages agao when USD/JPY was 130.46.

Would appreciate if a post is original and adds value.

Posts: 17
Joined: Wed Oct 19, 2011 3:41 am

### Re: Best Trading Foreign Exchange and Pip

When you business with currency dealing, there is a phrase that is used known as attention factor is 'price attention factor,' in other terms, "a pip." The more you create pips, the more cash you are creating.
Deacy

Posts: 64
Joined: Fri Sep 14, 2012 6:10 am

### Re: Best Trading Foreign Exchange and Pip

Currency dealing securing is generally a dealing technique that allow investors to decrease their overall danger by taking reverse roles against their other investment strategies in part a industry. In identifying what roles there are beforehand they can deal with the threats. This appears to be complex but investors who comprehend this can make the most of the most profitable forex positions
Deacy

Posts: 64
Joined: Fri Sep 14, 2012 6:10 am