Have you heard someone saying I am up 64 PIPs today” or, “I received 130 PIPs on my last trade?” Although this sounds like a lot of money, it would be better if you know what these figures mean, and why is it associated with your trades using FAP Turbo.
PIP simply stands for “Percentage in Points” often times, it is referred to as “Points” PIP is the most basic unit of a currency. It is the last decimal point that you can see in every exchange rate. In most cases, 1 PIP is equal to 0.0001. So, if you purchased USD/CHF 2.2475 and sold at 1.2589, you made 114 PIPs. However, you should understand that there are exemptions for this, like the USD/JPY, which has two decimal places. This means that 1 USD/JPY PIP is equals to 0.01.
PIPs are the figures that show you how much you have earned or lost during a trade, and this figure is one of the most important figures that a trader should be familiar with.
Even if you are using different currencies, the rate of the PIP stays the same. If your base currency is USD, you will divide the PIP (0.0001) with the exchange rate. Even when you utilize different currency pairs and deal with fluctuating prices, the PIP usually remains the same. To make it simple, the exchange rate for USD/CHF is 1.2489, so it will be 0.0001 / 1.2489 = 0.0000800704. This may seem like a small number, but you need to understand that in Forex trading, small amounts can provide big amounts of profit, especially if you are using trading robots like FAP Turbo.
To give you a better example, if you are using FAP Turbo and the broker lets you trade with a ratio of 100:1, you only need to invest $1000 dollars in order to purchase a lot worth $100,000. If you are trading in larger lots, you are also increasing the amount that you will receive per PIP, let us say that you trade $1000 using USD/CHF, the value per PIP will be calculated as 0.0000800704 X 1000 and you will be receiving $0.08 per PIP. This simply means that you will be receiving a profit of $112.14 plus your initial investment.
According to a number of FAP Turbo users, they were able to receive more than 100 PIPs everyday, thanks to the reliability and algorithm being used by FAP Turbo. You can try it for free and see how it works by downloading the free trial version offered by the manufacturers of FAP Turbo.
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