Lesson 7: What is a pip worth in forex? Trade sizes and more ...
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- เผยแพร่เมื่อ 6 มิ.ย. 2024
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Mistake about 9:00 or so...
Rob isn't changing the pip value to reflect the number of lots
1 micro lot (.01) = .10 per pip
5 micro lots (.05) = .50 per pip x 10 pips = $5
1 mini lot (.1) = $1 per pip
7 mini lots (.7) = $7 per pip x 10 pips = $70
1 standard lot (1) = $10 per pip
20 standard lots (20) = $200 per pip x 10 pips = $2000
This should get more likes so everyone will see
yes . I was confused in the video lol thank you!
yeah i was too very puzzle at this point and watched again and again
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Thanks for this. I too was confused when I first watched this that I had to watch the vid again.
Truly appreciate how detailed this video is. Most traders are searching for that elusive method where they never lose or can win eight or nine trades out of 10, amassing huge profits in a short amount of time with no risk, which I'd say is ill advised
successful trading takes time. There is always a risk, and it needs to be defined and controlled.
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You are great at explaining pips and what they are worth. It took me 5 videos to finally feel comfortable on how to properly calculate pips
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Indeed there no limit to earnings on investing, however the technicality in profiting has always been a major problem faced by investors.
So true, getting in has always been easy, knowing when to get out so as to ensure lucrative outcome has been my issue,
What guidance ? Do your mind elaborating if it helps
For starters understanding that however profitable the market is, professionalism and expertise comes to play a major role in ensuring profitable trades. I’ve had my share of losses trying it independently at the onset of my career.
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Hi Rob,
Thanks for the lecture and most importantly not creating followers but learners. 10pips on 20 standard Lot , when each pip is =$10, after a second thought I got this. (10X20) $10 =$2000 Thanks Rob.
I found this video very educational, thank you. I will start from the first video now and watch all the way till the end.
I've seen a lot of videos on FX trading but this guy is the best teacher 👌👌
This is great stuff glad I found your channel. Great companion to the beginners guide to Forex that I’m reading.
Good lesson, though an error in calculation occurred towards the end of the class... I got confused with the pip calculation exercise, It was terrible to me... And at first your student got the first answer of $70 but Rob said $7 so the poor student have no choice than to agree with his masters answer.
Thank you very much for this video. You're a very good teacher with an awesome method of explanations.
I definitely need someone to mentor me on how to trade and invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating
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Thank you for creating this video. Very useful.
Great videos to understand very important fundamental concepts. I've been binge watching them as review. Btw, I'm sure you already know this but you wrote in the board ".10 cents" and refered to it as "10 cents". Not complaining, I know what you meant, I just know that this little thing would drive the math freaks crazy lol. Thanks for making the videos and I hope you keep them coming.
Great content Rob. My advice to the more simple minded people is to invest in ETFS and index funds. Just to make sure to pay yourself first whenever you get paid. I have seen a great deal of success for I’ve only been investing for 3years now. I study my goals and put few hours of study into the market each week with portfolio handler. We should all do the same, if not more!
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Rob, thanks for all the info. I am having a problem w/ the math. Your examples are:
10 pips w/ 7 mini lots and your answer was $7. Isn't Nate actually correct w/ $70? Mini lot pip value = $1, # of pips 10, # of lots 7.
10 pips w/ 5 micro lots. Micro lot pip value = $0.10, # of pips = 10, # of lots = 5 for $5.
10 pips w/ 20 standard lots. Standard lot pip value = $10, # of pips = 10, # of lots = 20 for $2000. Please point out the mistake I am making.
I agreed with your calculation James bundy
Yup. If 1 Lot is $10 per pip and 10 pips = $100, then multiply $100 by 20 and it's $2000. You can notice he's confused @ 8:58 ;). Peace
@@irwansamsudin7742 bos ajarin saya dong boss
no mistake, you are right
The way I was battling with this thinking I am miscalculating. Even re started the video a few times.
I remember 2019 I landed on ur lesson and now am a pro indeed.thanks Mr I love u so much am from Uganda
A really good video, I think all beginners ought to watch these. Forex can be complicated if you lack the basic knowledge needed to become successful.
True, I have been having difficult on my trades. My analysis are always wrong
I face quite the challenge with my trades, I lose whatever I put in.
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Thanks Rob, I see there's a bit more involved, I opened a account here in Canada getting excited, wish I had a tutor for a few days, keep it coming, have a great week..
Very Helpful! Thank you for explaining this properly.
save my life took me literally a whole day to understand this thank you
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Nate be high as hell in there
Nate be correct sheeple person. Shows you get spoon fed knowledge.
😂
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Gotta watch this over again..some of us are maths challenged😢
I'm the same ,every video I'm watching about 30 times , and going back and fourth ,, I do get it evetually , it's all worth it though to know what your doing ,
Well his math in the last part of the video is wrong should be, in order, $70, $5, and $2000
Wow!thank you sir. Very helpful. God bless sir Rob and Nate.
On the last part Since he's saying 10 pips, it should be:
Mini lod - 70
Micro - 5
Standard - 2000
Right?
Yes, just caught that as well, 10 pips times 7 is $70 as .7 is $7 per pip
One of the best videos I have seen on forex🤲
Wow great and wonderful explanation. I’ve been confused my the lot size explanation but I’m clear now!
But Man! Camera-man and his maths. Lol
I began to watch your video just now about how to calculate pips and I'm getting something from your lesson after I have been watching my age people's video both didn't work I decide to change myself and focus to the elders
THANK YOU SIR..VERY IMPORMATIVE
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the best explanation sir. thanks
Great clip Mr.Booker!
Thanks for the info,a light is being turned on in my head!!
Thank you for existing :-)
This video was very educational thank you it really clarified things for me
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You're right sir,
Natural, there's a lot of math involved in
cryto trading and forex trading,
Trading systems allow you to limit the
factor of emotional influence on
decision-making,
This is very correct.
To the newbies, you should also note
that this data is worthless without an
existing understanding of data analysis
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Best Video on pips breakdown thanks
7 mini lot - the answer should be $70 (NOT 7) right?
That's what I come up with - $70
mr rob is talking bout lot size not pips ...
Yes i agree
mini lot = 0.1 lot
1 pip value in a mini lot = 1 currency unit
if you trade 7 mini lots, each pip change will translate to 7 currency units
Yes
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Great content, I have a question, What is BTC and indices worth per pip?
Can you make a vid about the VPS and how to set it up and use it? Thanks.
7:52 There is a correction
7 Mini Lots at 10 Pips - 7 Mini Lots x $1 x 10 Pips = $70
5 Micro Lots at 10 Pips - 5 Micro x $0.50 x 10 Pips = $25
20 Standard Lot at 10 Pips - 20 Standard x $10 x 10 Pips = $2000
Yes the 7 mini is $70.
The 5 micro( 0.50 cents) x 10 pips = $5
20 Standard( 20 dollars ) x 10 pips = $ 200
@@haro722 Correction for Stand Lot: 20 x $10 x 10 pips = $2000
Ahmad Haneef 20 lot * $10 x 10 = $2000.
Ahmad Haneef Let me explain:
1 Standard lot =$10
20 Standard lots = $10 x 20 = $200
20 Standard Lots x 10 pips = ?
$200 x 10 pips = $2,000
Not 25 dollars, the correct answer is 5 dollars
correct me if I’m wrong so let’s say I put a forex trade on for $1000 and the eur/usd was at 1.18000 an it moved up to 1.18010 that would equal $10 is that correct??? Please please reply thanks
Nice lesson but I've a question. Does leverage have anything to do with this! Same pips, same lot but different leverage, will the profit or loss differ?
Amazing video. Thanks!
Now I got it, Thanks
Rob Booker Trading
I keep calculating the last example but my answer comes out different. If you made 10 pips on 20 standard lots the usd amount will be $2000. 20 x $100 (10 pip) = $2000. Correct me if I am wrong.
Are you talking about the number of pips made INSIDE EACH INDIVIDUAL standard lot, or a total of pips made by way of all the standard lots available?
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Love this video. Thanks
WOW great lesson!
thanks a lot, it was very helpful to me.
Regarding the quiz at the end of the video, the answers are incorrect. You should correct them so newbies don't get confused. The answers would be correct for 1 pip but not for 10 pips. You were probably thinking 1 pip but saying 10 pips. Good luck and keep them coming.
Thanks for this tutorial mentor
I just started iml academy seriously speaking I really understand trade
8:04 & 8:46 - Poor Nate, got it right the first time lol
Great video!
Gain/Loss can be calculated using this simple formula = Number of Pips * 10 * Lot Size.
I'm new and practicing my pip count but I need help on my demo I bought at , .01 and 1.2220 and I increased my money by 1.2615 how many pops? Is it over 400 pips
Cool your board !
Your patience with the smart board was humbling
Could someone help me? I noticed that in this video that when describing compounding profits by increasing amount per pip size a discrepancy. In that video, (And every other one I can find.) It shows that a full lot is worth $10 per pip .50 is worth $5 a pip and so forth down to the micro lots. However, it doesn't seem to work that way for me. I trade with Oanda and use MT4. I use 50:1 margin. (No not all the time. I try to only trade 1-2 % of my account.) When I trade one standard lot per pip it only counts as $1.00. .50 only counts as $0.50... etc down the line. Am I doing something wrong with the settings or something? Thank you for any help in advance!
Hello Rob, can you please send me the formula on how to calculate how much I will get when I trade 10pips with 0.2 lot size on USD/JPY
Can you do another video on calculating pips and its worth
Great content.
thank you Rob
How much would be a safe % to leverage of your total account if you were trading with 1:100, 1:500, or 1:1000 leverage? There is a lot of talk about risking just 1-2% or maybe 5% of your account, but wouldn't all of this depend on your leverage? Or maybe I'm confused. Let me know!
Thanks Rob!
You’re welcome!!
I love his lecture
How much money should you have in your account to be in each level
Very nice teaching
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In the example using mini lot; 10 pips in 7 mini lot not is $7.00 dollars per pip, I think it is $70.00 dollars per pip. ¿I'm right?
Well thought Sir
I still can't understand. So if i had on my account 1500 $ and would like to buy 0,01 lot of EUR/USD, which value is e.g. 1,1132, it would cost me 1132 $ right? Because micro lot is for 1000 units of the currency. Please help, completly lost.
The question is how would leverage effect all this if 10 pips with 1 std lot make you 100 dollar what would be tge leverage?
Beautiful explanations
Rob: correction to be made at the end of this lesson, to avoid creating confusion in mind.
please Sir what kind of Screen are you using for the lecture and what brand or make? thank you
Thats a smart board
@@andrewnkosi7487 Thank you sir, but which particular product or brand is that one? Thank you
4:13 was that a seal?
Your paperclip joke got you a like on its own... lol
If 1 standar Pip its equal to $10 then 20 standar lot size should be $200 so if 20 standar lot size raise 10 pip should be $2,000 correct?
great work
If Pip's value depends on how much the lot size is so if I gain 10pips for 7 mini lot ( 1 mini lot is $1 so 7 mini lot is $7 ) shouldnt it be 10pips x $7 ? Im confused with your computation sir
Does the PIP value depend on leverage also?😀
Good lessons thanks
I doubt anyone will answer. Anyway. I have been trading 3 years on a demo account, and I have never touched the lot size. I just started trading with real money. With my enormous account of 111 $. I still don't touch the lot size. It says 0.01. That can't be right? Because in order to use 0.01 lots your account size must be 1000 $ minimum. Or am I wrong?
Thank you
What is a trade time in USA on forex
Good man ❤
Excuse me sir whats a pip give it some light am new in the field
if in USD right? not if using another currency
So I made 2,222 pips on XAUUSD trade with a 0.10 trade size on a USD Forex account and made $222.20 USD which would make it $0.10c per pip for my account. Is that because of my broker? Because it doesn't match Rob's figures...
Hey! Where's the pip in the metals? XAG, XPT
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So how much does a mini lot cost