Support Board
Date/Time: Mon, 21 Apr 2025 13:11:40 +0000
forex
View Count: 95
| [2025-02-28 18:28:11] |
| SafSaf - Posts: 126 |
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alright lads, i'm looking to start forex trading and i'm just wondering how to set the price per pip. i'e been trading futures only up to now.
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| [2025-02-28 21:42:23] |
| John - SC Support - Posts: 39362 |
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FOREX does not use the "Currency Value per Tick". It is just the difference in price divided by the quantity.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2025-02-28 22:00:48] |
| SafSaf - Posts: 126 |
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comming from futures trading i am a little confused with your reply, probably my ignorance, i have an ibkr accoun i can connect to trade forex however i need more detailed information in laymans terms of how to set up to trade forex. i notice on mt5 platform that one can chose how much they want to apply to a tick?
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| [2025-02-28 22:29:46] |
| John - SC Support - Posts: 39362 |
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Say you buy long at a price of 1.0585 and sell at a price of 1.0600 for a lot size of 10000. Your profit is (1.0600 - 1.0585) * 10000 = 15.00.
For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2025-03-01 11:40:04] |
| SafSaf - Posts: 126 |
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ok, to avoid confusion on my part, when I choose my currency pair in chart settings, do I need to change any futher settings in the attached, or are they automatically set for the selected symbol?
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 Screenshot 2025-03-01 at 11.37.40.png / V - Attached On 2025-03-01 11:38:36 UTC - Size: 49.74 KB - 19 views |
| [2025-03-01 18:32:49] |
| ForgivingComputers.com - Posts: 1042 |
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wondering how to set the price per pip. i'e been trading futures only up to now.
FYI: In FOREX the Tick Size is the same as the pip size. It is automatically set when you change symbols. |
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