Forex version XVII, Foreign Exchange Market Discussion
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 Jan 19 2016, 04:40 AM
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Senior Member
1,299 posts Joined: Nov 2010  
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QUOTE(vergil88 @ Jan 18 2016, 11:22 PM)  i go try other broker demo see see ya cent micro account. most basic one. so spread is fixed at 2 pips.  cent micro account no good? Fixed , variable, ecn in short, ecn spread is lowest |
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Jan 19 2016, 09:01 AM
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Staff
5,568 posts Joined: Jan 2003 From: the lack of sleep
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QUOTE(vergil88 @ Jan 18 2016, 07:50 PM)  why mine is 4 decimal point and for YEN pair is 2 decimal places?related to lot size? how about your pip? it's 0.0001 or 0.00001 For example on a 4 decimal system the EUR/USD is 1.0880 and each pip is the 4th decimal. So 1.0880 to 1.0881 is considered 1 pip. A few years years ago most brokers adopted the 5th decimal and you see 1.08800 and the 5th decimal is considered as a pipette which is 0.1 pip. Even with 5th decimal, when we say 1 pip, we mean 10 pipettes (1.08800 to 1.08810). This is why sometimes you see some new players saying they made 400 pips in one day but actually made 400 pipettes which is only 40 pips. This post has been edited by sleepwalker: Jan 19 2016, 09:01 AM |
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Jan 19 2016, 09:11 AM
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Senior Member
1,938 posts Joined: Nov 2009 From: Bolehland
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QUOTE(sleepwalker @ Jan 19 2016, 09:01 AM) That is how the PIP is calculated based on 4 decimal for most pairs and 2 decimal for some. Nothing wrong with yours as it was the Original way of doing it. Even until today, when we refer to 1 pip, we refer to 4 decimal points. haha because they didn't do their homework~For example on a 4 decimal system the EUR/USD is 1.0880 and each pip is the 4th decimal. So 1.0880 to 1.0881 is considered 1 pip. A few years years ago most brokers adopted the 5th decimal and you see 1.08800 and the 5th decimal is considered as a pipette which is 0.1 pip. Even with 5th decimal, when we say 1 pip, we mean 10 pipettes (1.08800 to 1.08810). This is why sometimes you see some new players saying they made 400 pips in one day but actually made 400 pipettes which is only 40 pips. |
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Jan 19 2016, 09:26 AM
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Senior Member
653 posts Joined: Dec 2015
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QUOTE(sleepwalker @ Jan 19 2016, 09:01 AM) That is how the PIP is calculated based on 4 decimal for most pairs and 2 decimal for some. Nothing wrong with yours as it was the Original way of doing it. Even until today, when we refer to 1 pip, we refer to 4 decimal points. the last sentence is the punchline which will punch few noobs over here.For example on a 4 decimal system the EUR/USD is 1.0880 and each pip is the 4th decimal. So 1.0880 to 1.0881 is considered 1 pip. A few years years ago most brokers adopted the 5th decimal and you see 1.08800 and the 5th decimal is considered as a pipette which is 0.1 pip. Even with 5th decimal, when we say 1 pip, we mean 10 pipettes (1.08800 to 1.08810). This is why sometimes you see some new players saying they made 400 pips in one day but actually made 400 pipettes which is only 40 pips. |
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Jan 19 2016, 09:27 AM
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Senior Member
653 posts Joined: Dec 2015
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QUOTE(vergil88 @ Jan 18 2016, 07:50 PM) why mine is 4 decimal point and for YEN pair is 2 decimal places?related to lot size? how about your pip? it's 0.0001 or 0.00001 |
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Jan 19 2016, 10:32 AM
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Junior Member
254 posts Joined: Jan 2016
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QUOTE(aviera @ Jan 18 2016, 03:23 PM) A bit of right but nowaday there is a lot of no deposit bonus Broker around. You can just pick one to test them out. If you profit you can withdraw it, if you blow it you have nothing to lose. Search around and check out their terms of conditions. Hi Aviera, mind intro a few to me? |
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Jan 19 2016, 11:16 AM
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Senior Member
864 posts Joined: Oct 2011 From: planet earth
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AUDUSD preparing to go down
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Jan 19 2016, 11:17 AM
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Junior Member
110 posts Joined: Jul 2011
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QUOTE(9kingsir @ Jan 19 2016, 04:40 AM) 3 acct can be chose... ya. i checked the website. my account is the basic fixed one.Fixed , variable, ecn in short, ecn spread is lowest QUOTE(sleepwalker @ Jan 19 2016, 09:01 AM) That is how the PIP is calculated based on 4 decimal for most pairs and 2 decimal for some. Nothing wrong with yours as it was the Original way of doing it. Even until today, when we refer to 1 pip, we refer to 4 decimal points. lol. thanks for the explanation For example on a 4 decimal system the EUR/USD is 1.0880 and each pip is the 4th decimal. So 1.0880 to 1.0881 is considered 1 pip. A few years years ago most brokers adopted the 5th decimal and you see 1.08800 and the 5th decimal is considered as a pipette which is 0.1 pip. Even with 5th decimal, when we say 1 pip, we mean 10 pipettes (1.08800 to 1.08810). This is why sometimes you see some new players saying they made 400 pips in one day but actually made 400 pipettes which is only 40 pips.  QUOTE(duplicated @ Jan 19 2016, 09:27 AM) why you care? even the banks trade is 4 decimal.  |
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Jan 19 2016, 12:42 PM
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Senior Member
639 posts Joined: Aug 2012
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guys, anyone knows how to use Parabolic SAR?
like wats the best timing to open position? |
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Jan 19 2016, 01:06 PM
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Senior Member
1,938 posts Joined: Nov 2009 From: Bolehland
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QUOTE(Supreme1394 @ Jan 19 2016, 11:16 AM) AUDUSD preparing to go down i prefer USDCAD.Let the image speak for itself.  This post has been edited by zDarkForceSz: Jan 19 2016, 01:25 PM |
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Jan 19 2016, 01:16 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(Supreme1394 @ Jan 19 2016, 11:16 AM) AUDUSD preparing to go down AUDUSD already strong sell on daily timeframe |
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Jan 19 2016, 01:18 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(zDarkForceSz @ Jan 19 2016, 01:06 PM) i prefer USDCAD. UCAD already strong buy on daily TF. |
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Jan 19 2016, 01:21 PM
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Senior Member
1,938 posts Joined: Nov 2009 From: Bolehland
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QUOTE(kevler @ Jan 19 2016, 01:18 PM) UCAD already strong buy on daily TF. hey TS long time no see. you still trading i see. glad to see you~ |
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Jan 19 2016, 01:23 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(zDarkForceSz @ Jan 19 2016, 01:21 PM) hey TS long time no see. you still trading i see. glad to see you~ still trading and waiting for best moment to buy at demand and sell at supply :-) |
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Jan 19 2016, 01:25 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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another tip
daily tf EURUSD - strong sell GBPUSD - strong sell NZUSD - strong sell EJ - strong sell GJ - strong sell |
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Jan 19 2016, 01:26 PM
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Senior Member
1,938 posts Joined: Nov 2009 From: Bolehland
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QUOTE(kevler @ Jan 19 2016, 01:23 PM) still trading and waiting for best moment to buy at demand and sell at supply :-) now i got time so picking up my rusty trading skill now. training awhile haha |
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Jan 19 2016, 01:29 PM
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Junior Member
119 posts Joined: Jul 2014 From: Kota Kinabalu
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QUOTE(kevler @ Jan 19 2016, 01:25 PM) another tip GJ is?? GBP JPY?daily tf EURUSD - strong sell GBPUSD - strong sell NZUSD - strong sell EJ - strong sell GJ - strong sell |
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Jan 19 2016, 01:31 PM
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Senior Member
1,938 posts Joined: Nov 2009 From: Bolehland
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QUOTE(aviera @ Jan 19 2016, 01:29 PM) GJ is?? GBP JPY? haha  if not good job? |
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Jan 19 2016, 01:41 PM
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Senior Member
864 posts Joined: Oct 2011 From: planet earth
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QUOTE(zDarkForceSz @ Jan 19 2016, 01:06 PM) i prefer USDCAD. Nice one, looks like its going downLet the image speak for itself. QUOTE(kevler @ Jan 19 2016, 01:16 PM) AUDUSD already strong sell on daily timeframe Yea, but seems like I was wrong, its going up now, let's see what happens later. |
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Jan 19 2016, 01:49 PM
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Senior Member
1,938 posts Joined: Nov 2009 From: Bolehland
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QUOTE(Supreme1394 @ Jan 19 2016, 01:41 PM) Nice one, looks like its going down still early bro...Yea, but seems like I was wrong, its going up now, let's see what happens later. wait for london open... |
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