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HOW TO CALCULATE PIPS, PROFIT & PIP VALUE IN FOREX TRADING (FORMULA & EXAMPLES)
ChannelKaren FooDescription from the creator
You need the value per pip to calculate your position size and also you need to learn how to calculate forex profit and loss as part of your risk management.
I'm going to show you how to calculate pips, share with you the forex pips meaning and the forex trading pip value calculation. I'm going to give you a pip forex example and the pip value formula for you to get a better understanding.
The forex pip value is determined by the market price. Which is why you need to know what are pips in forex trading before you can learn the pip value formula.
A lot of people mistaken the forex pips meaning with forex points. It's a completely different thing. The forex trading pip value has to be calculated everytime you calculate your position size.
You need to familiarize yourself with the forex pips and lots to do proper risk management. Hopefully you will like this video where I'll have the forex pips explained in detail.
I'll also share with you what is a pip worth in forex trading for different forex pairs so you can learn how to calculate pips profit.
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Singapore youtuber profile:
Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest.
This trader vlog showcases the trading lifestyle and entrepreneurship life, plus weekly motivation for those that are not traders.
It's also a Singapore vlog where most of the shots are done in Singapore. She will also be bringing you around the island to explore Singapore.
Karen is a motivational speaker based in Singapore and Malaysia and delivers talks that touches the heart of her audience members.
She is a motivational speaker that is well sought after by many schools and event planners as she is known for solving several teenage problems as she has experienced many setbacks as a teenager back then.
Email: [email protected]
Website: karen-foo.com
Facebook: facebook.com/KarenFooSpeaker
Instagram: instagram.com/imkarenfoo/
MENTORSHIP PROGRAM ONLY FOR SERIOUS HUSTLERS : bit.ly/2qkIvRj
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youtu.be/VzextgrYLhg Disclaimer:The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.Investing and trading is a high risk activity and should be approached with caution. I am not a certified financial advisor. Hence, it is important for you to seek a certified financial advisor to craft your portfolio.
About this tutorial
Karen Foo published this 10:37 video tutorial on October 25, 2018. It has been watched 293,996 times on YouTube.
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Further reading
-
How to Calculate Pips in Forex Trading: A Guide for Beginners
benzinga.com
Learn how to calculate pips when trading forex. Use manual calculations or a pip calculator from your broker to make the best trades possible.
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Profit Calculator for Forex, Calculate Pips with a UK ...
fxpro.com
You can easily calculate this with our Profit Calculator. Simply select your currency pair, your account currency, how many days you kept the trade open for, the size of the position, whether you went long or short and…
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Calculating Profits and Losses of Your Currency Trades
investopedia.com
To calculate the P&L of a position, what you need is the position size and the number of pips the price has moved. The actual profit or loss will be equal to the position size multiplied by the ...
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Calculating Pip Value in Different Forex Pairs
thebalance.com
Learn how to calculate pip value. Pip value affects profit/loss when forex trading. Pip value depends on the pair you're trading and account currency.
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