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

2020年9月21日

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[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.

Table of Contents

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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.

Pips and Achievements can be found in this article.

→How much money do you need to start Forex and stocks? What is the concept of growing assets? A must-see for beginners

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.

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	円
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!