Pip Values?

[Unreal]

Hi,

Quite new to forex and was listening to a guy on you tube and he was trading £135 per pip value trades how on earth does he manage that is that even possible? I always though the most pip value was £10 as usually people trade 1 standard lot each time?

Thanks.

 

[iota]

Trade multiple lots.

 

[Pazienza]

Companies like Oanda allow massive granularity. Or maybe he was spread betting.

 

[Unreal]

Isn't trading more than 1 lot at a time not very risky? just imagine you traded 10 lots and lost 8 of them?

 

[Pazienza]

Isn't trading more than 1 lot at a time not very risky? just imagine you traded 10 lots and lost 8 of them?

I think you might be getting confused (or possibly winding people up).

How do you "lose" a lot?

 

[Pazienza]

Isn't trading more than 1 lot at a time not very risky? just imagine you traded 10 lots and lost 8 of them?

1 lot might be very risky, or 100 lots might not be risky. It depends.

 

[iota]

I think you might be getting confused (or possibly winding people up).

How do you "lose" a lot?

Brokers have been known to lose them down the back of the office sofa sometimes. There was also that one time a microlot got captured by Shining Path and held ransom in protest at capitalist practices within South America. Bad business that.

Isn't trading more than 1 lot at a time not very risky? just imagine you traded 10 lots and lost 8 of them?

Risk is ultimately based on equity. That's my serious answer just in case you were being serious.

 

[neil]

Isn't trading more than 1 lot at a time not very risky? just imagine you traded 10 lots and lost 8 of them?

Well-you made the cat laugh:thumbsup

http://www.youtube.com/watch?v=17hEcSsv57g&feature=related

 

[brettus]

Hi,

Quite new to forex and was listening to a guy on you tube and he was trading £135 per pip value trades how on earth does he manage that is that even possible? I always though the most pip value was £10 as usually people trade 1 standard lot each time?

Thanks.

I know some guys that trade in £2000-£10000 per pip. Are you suggesting £135 a pip is a big trade or impossible to hedge? I don't get what you are saying.

 

[sharanki]

There is a different pip value for every cross that fluctuates with the variance of the base currency of the trader.

 

[sharanki]

Here is a link to a calculator

Pip Calculator | Forex Pip Value Calculator

 

[sharanki]

You should be able to find a calculator at your broker's site as well.

 

[NVP]

guys guys guys............walk away

N