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PIP

How To Calculate Pip Value, Risk & Trade Size TutorialHey Traders, in this idea we are going to break down step by step, how a professional trader calculates pip value, risk and trade size. The focus of this lesson is aimed towards helping you get an idea of how you can create your own risk management plan in order to remain consistently profitable over a long period of time. You can have the best strategy in the world and still lose consistently without a solid risk management plan. In fact, in my personal experience with teaching traders, I have found that many traders who do not succeed are actually using a profitable strategy! These traders would have made money if they followed their risk management rules but that tends to go out the window when we do not see how the numbers work out for ourselves (among many other reason). It is important that you use these calculations that I have broken down on these charts over and over again until it makes perfect sense to you and then apply them to your own trading. If you do nothing else at least make sure the numbers work for you! I hope this short tutorial helps you get started on creating your own risk management plan and please be sure to comment below with any questions you may have. If you like this tutorial please give this lesson a thumbs up and I will cover more on this topic In a future lesson. Thanks Traders, If you would like access to a spreadsheet that automatically calculates all of this for you, please request one using the link below and I will send you my personal spreadsheet for free. goo.gl Also if you have not done so please follow me at TradersNsights Facebook page as I plan to start posting daily market updates and predictions over there that may be helpful to you. www.facebook.com
Education
by Alec40
17
GBPUSD: Pip perfect test of support for SterlingGBPUSD Next Long set-up (and downside from here) We've just seen a Pip Perfect test of the rising support line - the perfect exit point for shorts on this pair. And stellar trading if you managed to reverse there...the perfect trade with a stop just 5 pips lower. Right now, Sterling is sticking at 1.3113 - it just needs to get 5 pips higher to trigger a long from here if you missed the lows...for a move up to 1.3311 or just shy. Stops need to be under the parallel by 5 pips for fast test of 1.3029 if broken. Sterling will need to fall below here for the next swing trade lower, though, back to 1.2765. And on upside, will need to beat near term resistance at 1.3311-1.3341 now for a fairly short-lived swing trade higher to a target at 1.3462/falling resistance line intersection.
Long
by sumastardon