What Is A Pip? What Are Price Spreads? [Trading Basics Series]
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- Опубліковано 29 кві 2017
- This video answers the questions - What is a pip? What is a price spread? How to read the market price?
Hi, I'm Luke from Disciplined Trader and I put this video together to help beginner traders with some of the most common questions such as:
What is a pip?
What are price spreads?
How to read the market price?
How to measure price movement?
What is a tick?
What is a point?
Understanding these concepts and terminology can be confusing when you are first learning to trade.
I also give examples when providing explanations to make it easier to under. For example, when I am answering the question "what is a pip?", I go through a Forex pair example to demonstrate exactly what a pip equates to.
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I'm damn impressed with your convincing power and the way you explain every small details.God bless you.
Thanks!
Wow ! Thanks.. This was all so clear and easy to follow.. you're a great teacher sir!
Thanks Ayo, glad I could help 👍
God bless you real good for this short video. It makes a great deal of sense.
Glad it was helpful!
Wonderful video. Your lessons are being primordial for me as a beginner. Thank you very much.
I just subscribed because I feel I am learning alot here in conjunction with a course that I purchased. Thank you. You are a great teacher
I'm getting back into the market with after a long absence (GME has my appetite wet), thanks for the vids. Was a fundementals kinda guy years ago, stashing my cash in safer bets and going long. Looking to get into technicals and so far you have a great intro, looking forward to more technical details later in the series. Thanks!
Glad it helped Karl! 👍
am a total fresh man but by this 4th video in the trading basics series am now understanding some stuff. hope the rest of the video will help to be able to make my 1st trade sucessfully
Glad the videos helped Micah 👍
I'm in the exact position your in.
You’re a great teacher Ty
I love 💕💕💕 your method of teaching,may God bless you for being a great friend and teacher. From Imo State in Nigeria.
Wow! Thank you
Thank you!
Thank you! That was a brilliant video, very helpful. So is the spread the difference between the bid and the ask prices?
Thank you, really liking this content.
No problem!
Hi Luke.
Firstly thank you very much and Hi from the otherside of the Pennines. Your channel and the content you provide is absolutely Brill! I love the simple and clear explanations approach.
Ive only just started on the Forex Journey and I've got to say there is a few things that are really testing my understandiing, probably because of my own pre-programmed perceptions on how things work. This video has definitely clarified one or two of those misunderstangs, thank you.
Call me dim, however if you can take a profit in either direction (long or short) I'm really struggling to understand how you make a profit in a 'short' trade/ falling market trend? I just dont seem to be grasping the concept!
Have you at all got any content here that would explain this please?
Thank you again for this great channel. : )
hey, can u please make a series of videos explaining in detail about how to use and draw the advanced patterns like:- BUTTERFLY, CRAB AND BAT patterns please...u are explaining very professionally please can u teach me these patterns✌👦👦
Hey ,thanks for this video, I would be glad if you made a new video explaining the pip and points more further
Hi Sammy, what don't you understand about them?
May please do a video based on only indices
awesome videos man! i enjoy them a lot. Hey, was wondering if i can ask you a couple questions?
Sure Tim
Is it worth it man? I’m looking to learn and really interested. Also, is Oanda a good broker?
Is trading worth it? It's like anything. You get back what you put in. It's hard work but definitely worth it. Oanda has been fine for me, no problems whatsoever
good video as always. BTW the outro music is lit AF. ^^
in case anyone is curious it's Fruit Medley by Rossy. ;)
Edit: Turns out I was wrong about the song.
Thanks LGA. The song I used was called 'By The Croft' by Joakim Karud 👍
@@DisciplinedTraderUK hmm, I blame Shazam for it getting it wrong. XD Thanks
how do we apply this to 212 trading just seems confusing as its just giving examples for forex
where should you look for a broker for MT4?
Just use Google. I'd recommend going for a well established, well known broker to be on the safe side. I use Oanda and don't have any problems with them
This was very helpful, however at the end of the video I am not understanding where you broker widens spread to 20 pips. E.G. From buying at 1.2001 to 1.2010. Surely that is by 9 pips. So wouldn't the buying price would be at 1.2021. I could be wrong. Could anyone make it clear for me plese?
No I said the buy price went to 1.2010 and the sell to 1.1990. That's a 20 pip spread
6:30 in five pip spread the sell is 1.2004 instead of 1.2001?
The spread isn't 5 pips, in the example the price moves up 5 pips. The spread stays the same
what is martingale, leverage, hedging , lots terms used in forex?
Martingale trading is something to avoid. I have just made a video on leveraged trading, I'd recommend watching that. It explains what leverage, margin and lots are. Hedging can be quite complex and not something to worry too much about as a beginner.
@@DisciplinedTraderUK ok thank you
investopedia is good to look up terms you dont know
@@arenuzzle6282 Yeah very true
Your Instagram username comes up a different person with Japanese writing quotes - I cant find you under dipciplined_trader :-(
Hi Cheryl, I removed the account as I never used it. Sorry for the confusion 😃