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How much is a pip worth on M1?

forex pips binary options

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6 replies to this topic

#1 traderguy45

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Posted 02 July 2017 - 03:58 PM

So this is a potentially silly sounding question but in terms of Forex trading how much is a pip worth on M1? say if I opened a trade on a candle that was at 1.26936 and it ended up at closing at 1.26912 how much would I have made depending on the investment amount?



#2 s3791

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Posted 02 July 2017 - 04:25 PM

Some usufull material here

 

 https://www.babypips...ps-and-pipettes


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#3 traderguy45

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Posted 02 July 2017 - 08:47 PM

Thank you that was actually a very helpful article



#4 traderpusa

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Posted 03 July 2017 - 04:13 AM

it's a good question and many new traders struggle with it.

And in fact it is not so easy to calculate because on forex the pip value depends on your account currency, and an exchange cost

will be added by your broker.

So not only do you have commission, tax and swap cost, but also exchange rate costs.

 

I will paste here a link to an indicator that will give approximate value.

Be aware, it only works for forex and not for CFD (Dax for example).

 

https://www.mql5.com/en/code/12418


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#5 MrPorch88

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Posted 03 July 2017 - 04:33 AM

As far as I know a PIP has the same "worth" on every timeframe. How worthy is the pip depends on the lot you use. Then you should also take into account possible deductions such as: spread, commissions etc... . But the timeframe doesn't affect pip value. It's just the way you scale the chart and how you see the price moving.


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#6 MTH2014

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Posted 03 July 2017 - 04:45 AM

Some Forex pairs PIP values and how they calculate..

 

https://www.mataf.ne...tools/pip-value


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#7 traderguy45

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Posted 03 July 2017 - 12:45 PM

You guys are freaking rockstars, this is all such helpful information.


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