A must for beginners! What are the "pips" that you don't want to hear about now?

[Orli blog] - Forex and Stock Real Chart Predictions

Official Orli blog - Forex and Stock Real Chart Predictions Hello! Orli.

This time, Forex beginners will be able to Easy to understand and The FX Currency Unit "pips" will be explained.

This article will help you understand how to use pips, how to look at trade performance, and the monetary units used for stock, precious metals and commodity futures.

Please read to the end.

 

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So let's get to today's story!

Please read to the end, please.

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Forex Beginners Must Know! A simple explanation of "pips"!

Yuta-san
Hello, Ollie, I'm here to ask you a question about something I didn't understand in forex!

Orli
Hello, Yuta! How can I help you?

Yuta-san
I met a friend of mine who recently started Forex and he asked me, "How many pips are you taking now? I was asked.

Yuta-san
But pips, the first time I heard it, I didn't understand it at all, and it's a little embarrassing I'm sorry.

Yuta-san
I'd love to know about those pips if you can help me out!

Orli
Okay! So, I'll explain next.

Yuta-san
Thank you!

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Forex currency units vary so use pips!

Orli
pips simply means "unified currency unit used in Forex, where there are many different currency units".

Yuta-san
Something too abstract and sappy for me.

Orli
If the price of the dollar yen was 100 in a forex currency pair, the unit of measure would be yen It will be.

Yuta-san
I see.

Orli
otherwise, if it's a pound dollar, it's a dollar and if it's a euro pound, it's a pound.

Orli
In this way, the currency behind is the unit of measure for the currency pair that's why.

Yuta-san
But that's a confusing mess of units and hard to understand.

Orli
That's why the common unit pips exists.

Yuta-san
Oh, that made some sense!

Orli
The definition of pips looks like this.

- 1 pips = 001 yen

・1 pips = 00001 (dollars, pounds, euros, Australian dollars, Swiss francs, etc, excluding the yen)

Yuta-san
Oh, it's surprisingly easy.

Orli
So if you win with a price range of 05 yen on Forex, "I won 50 pips That's why we can express it.

Yuta-san
But isn't the amount of funding different for everyone?

Yuta-san
I'm only a few tens of thousands of dollars, but Ollie, you're moving in the tens to hundreds of millions of dollars.

Orli
In fact, with pips, the amount of money doesn't matter!

Yuta-san
Really?

Orli
The unit of measure, pips, simply refers to the value width of the chart.

Orli
So if I expressed that I could win 200 pips, the amount of funding was small You can prove to be a sOrlid competitor even if you're also big.

Yuta-san
That's why my friend asked me at pips!

Orli
And if you know about these pips, you'll know the difference between "I won a million dollars in 5 pips" and "I won a million dollars in 200 pips I think.

Yuta-san
Well, I feel that the former is very high risk but the latter is the result of good money management.

Orli
That's about it! So it is possible to determine what kind of method you are using just by listening to pips.

Yuta-san
This is good information I've heard!

Yuta-san
But I don't understand the currency units for stocks and commodity futures at all.

Orli
So, I'll explain next.

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Explain the currency units used in stocks, precious metals and commodity futures!

Orli
Stock indices and Commodity Futures and Precious Metals, I don't think the currency units are known because there is no such thing as a forex currency pair.

Yuta-san
That's exactly what it looks like!

Orli
In fact, in the case of stock indices, the "which country's stock index If you can understand it, you can understand the unit of currency.

Yuta-san
Oh, New York Dow and the like are US stock indices in units span dollars?

Orli
That's right! Other Nasdaq and S&P500 are also dollars.

Orli
And in the case of the Nikkei Stock Average, since it is a Japanese stock index, the unit is yen It will be.
 
Click here for a list of currency units for stock indices.
Click here for a list of currency units for stock indices!

オーリー
こちらが主な株価指数の通貨単位一覧になります。
株価指数 通貨単位
日経平均株価
NYダウ ドル
ナスダック ドル
S&P500 ドル
フランス株 ユーロ
イギリス株 ポンド
EU株 ユーロ
イタリア株 ユーロ

Yuta-san
This is easy to understand!

Yuta-san
By the way, what about precious metals such as gold, silver and platinum?

Orli
For precious metals, the "price per ounce" is shown.

Yuta-san
What? I've never heard of an ounce as a unit of measure!

Orli
Ounce is a unit of "weight", 1 oz = 283495g

Orli
Precious metals are priced per ounce in "dollars.

Orli
So the price unit on the precious metals chart is dollar.

Yuta-san
I see! So you don't need to worry about the ounce?

Orli
That's right! Just remember that the unit of measure for precious metals is dollars.

Yuta-san
Okay!

Orli
Other commodities such as crude oil are all measured in dollars, and so on The following is a brief description of the process.

Yuta-san
I'm glad I didn't have to think about it in a surprisingly difficult way.

Orli
Only stock indices, commodity futures and precious metals are one lot entry and the price The amount of change in unrealized gain or loss when a stock moves is called contract size.

Orli
Note that this contrast size varies from brokerage firm to firm and product to product.
 

For more information about contract sizes, please see this article.

→Forex Newbies: "Calculating Stocks: Part 10: Margin Rate and Contract Size"</span >

Yuta-san
Thank you! We will study this place as well.

Orli
Yuta, did you get your questions answered?

Yuta-san
Yes! It's perfect!

Yuta-san
Thank you for your time today!

 

In this article, we have explained the pips of FX in currency units in an easy-to-understand manner, even for FX beginners What did you think?

Now you can learn how to use pips, how to read trade performance, and how to use pips for stock, precious metals and commodity futures I hope you now understand Monetary Units.

We hope you'll use it for trading in the future!

 

 

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