Why do 95% of traders lose? - page 4
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Stops are 15-20 pips except for intraday trading... scalps... as market "noise" in liquid instruments is about 40 pips...
But that's a waste, who knows, maybe your talent is wasted.
If a talent, it does not need advertising to reduce its value!
A theory is not a commodity, it is just an assumption, so it is silly to consider discussing a theory as an advertisement.
Or maybe you are just trying to get a price for it.
If it's a talent, it doesn't need publicity that diminishes its value!
But in the end who are you talking about now???)
The man got his way, you're talking about him, not anyone else, but him.) Any PR is good! And a lot of people already know about his theory. No one knows about yours.)
If talent, it does not need advertising to diminish its value!
Why do 95% of traders lose?
Because they gamble!
Stops are 15-20 pips except for intraday trading... scalps... because market "noise" in liquid instruments is about 40 pips...
And on the 4 digits...
Are there any other pips? A pip is like a ruble - it consists of 100 kopecks, and when we say 1 ruble, it never occurs to anyone that it is 1000 kopecks. 1.20 rubles is not 2 rubles or 12 rubles, but only 1 (one). So why the emphasis "and in 4 digits ...", or do you know another dimension of a pip? Then write a new formula for calculating 1 lot.
Read a primer. A pip is the minimum change in price in pips. These pips are different in 4 and 5 digits.
Read on, it's a long-established rule:
One pip always corresponds to a cash equivalent. The value of a pip of a direct quote in Forex is calculated using the standard formula: The lot size is multiplied by the pip value. For example, the pip value for the EURUSD currency pair is calculated as follows:
100,000 * 0.0001 = $10.
Thus, if you open a deal with a volume of 1 standard lot, the value of 1 pip will be $10. For example, if a trader makes 100 pips, he will earn $1000, and if a stop order triggers at 20 pips, $200 will be deducted from his account. For reverse and cross rates, pip value is calculated somewhat differently.
Aside from the concept of a pip, there is also such a thing as a pip. For Forex traders, these terms have the same meaning. Only traders on the stock market differentiate a pip from a pips, because the smallest price change is 1 cent - a pip, but a pip is 100 such pips, i.e. 1 dollar.
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And don't confuse a pip with a tick. And if they introduce 6 digits, not a tenth of a pip as in 5 digits, but a hundredth, then what? Every self-respecting trader knows the basics and knows that in Forex 1 lot 1 pip = 10$.
Read a primer.