Easy Forex Pips Review Is Easyforexpips.com A Legit Signal Service

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1000pipBuilder.com profile provided by 1000PipBuilder, Jun 4, 2020

My name is Bob and I am the lead trader behind 1000pip Builder. I am an experienced investment professional and have advised clients from all over the world. I now want to make the trades taken on my own account available to a new set of investors who want to succeed at the Forex market. This is a unique opportunity to join a professional trader and follow the trades taken on my own fund.

Here at 1000pip builder, we want to make Forex trading easy for our members. We do all the complex analytics that successful Forex trading requires and whenever a trade is taken on our fund we instantly send you an email and SMS with all the important details. We include entry price, stop loss and take profit level, so you can be sure that you can follow exactly what we’re doing.

Pips Alert, Forex Signals

Recently Closed Trades

EURJPY – -85
CHINA50 – +33
USDHUF – +214
Audusd – +0

Investor X Signals

USDJPY – +0

Investor X Signals

USDCHF – +94
EURSGD – +51
XAUUSD – -300

Investor X Signals

GBPNZD – +0

Venture X Signals

GBPNZD – +55
GBPNZD – +116
USDJPY – +80
EURNZD – +0

Investor X Signals

GOLD – +0

Investor X Signals

GBPJPY – +20
GBPNZD – +92

Venture X Signals

EURCAD – +43

Venture X Signals

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EURAUD – +0

Venture X Signals

EURNZD – +43

Venture X Signals

GBPAUD – -5

Venture X Signals

EURCAD – +38
EURNZD – -142
GBPJPY – +30
GBPCAD – -80
EURAUD – +115
GBPNZD – +35
OIL – +0
EURUSD – +32
XAUUSD – +56

Investor X Signals

GBPJPY – +92

Investor X Signals

GOLD – +54

Venture X Signals

GOLD – +56

Venture X Signals

GBPJPY – -80

Venture X Signals

EURJPY – +0

Venture X Signals

GOLD – -50

Venture X Signals

GBPNZD – +440

Venture X Signals

EURAUD – +0

Investor X Signals

GBPJPY – -93
CRUDE OIL – -87
XAUUSD – -117
GBPCAD – +30
GBPJPY – +47
GBPUSD – -85
USDZAR – +58
GBPAUD – +240
USDSGD – +96
AUDNZD – -85
AUDNZD – -80
GBPUSD – +50

Investor X Signals

XAUUSD – +50

Signals From the Top 4% of Traders

Join elite traders with years of experience in the Forex market and receive signals from them daily to assist your decision making.

Venture X Signals

The top-performing group in the last 2-months! The Venture X team is focused more on providing long-term signals and it’s also one of our best-performing groups with a hybrid long-term and fast trades.

Forex Signals

  • 1.5-3.5k Pips/m
  • 15-20 Signals / Week
  • 1064 Pips Last Month

$59.95/m 14-Days Free Trial

Join a Growing Forex Family

Our signals are not the only service we provide, but as a Forex family, we also strive towards ensuring we provide a healthy community for your growth.

Signals By Elite Traders

Our traders have years of experience in the Forex market and go through a rigorous 9 months evaluation before being certified to send signals. They’re part of the top 4% elite traders in the world!

Free Training Course

One of our core missions is to ensure that you get the maximum results when using our signals. That’s why we provide our Max ROI free course to all traders, providing you all the essentials you will need.

Thousands of Pips Monthly

Every month we’re sending out over 4,500 pips average in signals and other months outperforming that. The signals are sent mostly during the London and NYC session, the best times for trading.

Long-Term Focused

Pips Alert is focused on long-term gains because we know that’s how true wealth is built. We re-invest into tools, traders, support staff and more to ensure that we create the best environment for your long-term goals.

Affordable for All Traders

We have traders with $1000,000 accounts and traders with $500, all are welcomed. Our pricing packages are created to be affordable for any trader to join on board. Find the right starting package and upgrade in time.

Professional Customer Support

We not only provide friendly customer support and treat you like family, but our representatives have experience in the Forex market and we try our best to provide you with answers that are focused on your long-term goals.

Signals in MT4
format.

The signals themselves are sent in a Forex standard format, this means no need to re-learn new terminology or complicated ways to use the signals as tools.

We trade currencies and commodities,
this means EUR/USD, GOLD and etc.

online platform
dashboard

We invested into an online platform where you can manage all the signals, get customer support and much more.

Forex Signals

Venture X Signals

The top-performing group in the last 2-months! The Venture X team is focused more on providing long-term signals and it’s also one of our best-performing groups with a hybrid long-term and fast trades.

  • 1.5-3.5k Pips/m
  • 15-20 Signals / Week

Investor X Signals

Get ready to receive one of our best performing signal service with a stellar record and over 100+ traders trust it world-wide. Targeting an average low of 1,500 pips monthly and up to over 3,000 pips in a month!

  • 1.5k – 3k Pips/m
  • 15-20 Signals / Week

Live Market Back-Testing

Join us on our weekly series where we put the signals to test with 3rd-party back testing. On top of that we provide free tips and tricks on the analysis.

Trader’s Testimonials

Mark 5 months ago

All around good company to be with, great support. Was quite surprised by how good of a platform they have built for signals

Lisa 5 months ago

The forex course you provide is a breath of fresh air, so much knowledge for free! Hard to find in this market

Jay 3 months ago

So glad I found you guys. The signals yesterday for Investor X were fire by the way. Easiest 120 pips I’ve ever caught in a day.

Free A-Z Course with 40+ Videos!

You can be a completely new trader who has never touched the charts or have some experience. By the time you finish this course, you will be able to trade like professional institutional traders. We ask $0.00 from you, but your valuable time instead. Pips Alert focus is on giving you value and we’re no “gurus” trying to make money from courses.

OUR 2020 MISSION & VISION

We have reduced our prices by up to 40% and lined up an awesome year in 2020 for all our customers. Learn more on our 2020 board’s mission/vision.

Forex pips explained: The complete guide to Forex pips

The concept of pips is very important in trading in order to understand how exchange rates move, how to calculate the profit or loss on a position, and how to manage risk effectively. However, many traders still lack a deep understanding of pips in trading and risk management, which puts a large burden on their trading performance. In light of this, we’ve provided a detailed guide on what pips are in Forex trading, how to calculate their value, what pipettes are, and much more.

What is a pip in Forex?

Let’s first define what a pip is in Forex. A pip in Forex represents the smallest increment by which the value of a currency pair can change. For most major currency pairs, except those involving the Japanese yen, a pip is usually the fourth decimal place of an exchange rate. For example, if the exchange rate of the EURUSD (euro vs. US dollar) pair rises from 1.2050 to 1.2065, this move would represent a change of 15 pips. Similarly, a drop in the exchange rate from 1.2050 to 1.2025 represents a change of 25 pips.

Currency pairs that involve the Japanese yen have a slightly different definition of pips. Namely, a pip in these pairs is located at the second decimal place, since they are usually quoted with an exchange rate of 10 or higher. Let’s take USDJPY for example. If the pair is trading at 110.40 and rises to 110.90, this would represent a 50-pip rise of the US dollar against the Japanese yen. Similarly, a fall from 110.40 to 110.05 represents a fall of 35 pips.

Now that you know what pips are in Forex trading, let’s dig a little deeper and cover them in more detail.

Forex pips explained: What is a pipette?

A pipette represents the fractional of a pip, and has a value of 1/10 of a pip. In other words, pipettes are the fifth decimal place in an exchange rate for pairs that don’t involve the Japanese yen, and the third decimal place in an exchange rate for pairs that do involve the Japanese yen.

The importance of pipettes is in the spreads offered by brokers. Many brokers quote their spreads (the difference between the buying and selling prices) using exchange rates with five decimal places, meaning spreads are usually expressed using pipettes. For example, the spread on a major pair like EURUSD can be 0.7 pips or 7 pipettes, while cross pairs like AUDCAD can have a spread of 2.2 pips or 2 pips and 2 pipettes. It’s worth noting that many brokers use exchange rates with five decimal places in their trading platforms, which makes it important to be able to distinguish pips from pipettes early on in the learning process.

Volatility of Forex pairs

Understanding pips in Forex is a prerequisite to learning more complicated concepts in trading. One of these is the volatility of Forex pairs, which is often expressed in the number of pips that a pair moves during a day. Cross pairs usually have larger pip movements than major pairs over the course of a day, which can be ascribed to relatively low liquidity.

Liquidity plays an important role in the pip-volatility of pairs, since a smaller number of buyers and sellers at any given price usually have a positive effect on volatility. That’s why exotic pairs, such as ones including the Mexican peso or Turkish lira, can easily move hundreds, even thousands of pips in a single day.

Forex traders need to embrace volatile pairs, since volatility is what creates trading opportunities over and over again. Naturally, we also have to protect ourselves using risk management rules, and it begins with learning what a pip is on the Forex market.

How much is a pip in Forex worth?

The interesting part about pips for many Forex traders is calculating the value of a single pip. We need to know how to calculate the value of a pip in order to calculate the total profit or loss of our trade. There are a few factors that can influence the current pip-value, such as the currencies in the pair, the position size, and the current exchange rate. By knowing what a pip is, you’ll be able to calculate the profit/loss of your trade.

The effect of different position sizes on the value of a single pip is shown in the following table.

By using the following two formulas, you can easily calculate how much profit or loss your position has generated with great precision.

Total profit/loss = Value of pip x Amount of pips

Value of pip = (0.0001 / Exchange rate) * Position size

Let’s say you trade a standard lot of GBPUSD and bought the pair at 1.3250. You decide to close the position at 1.3290, giving you a profit of 40 pips. To calculate the profit you’ve made on the trade, we first need to determine the value of a single pip in the currency pair.

Value of pip = (0.0001 / 1.3290) * 100,000 = 7.52 GBP

Know that we know how much a single pip is worth, let’s calculate the total profit of our trade:

Total profit = 40 pips x 7.52 GBP = 300.80 GBP

Calculating position size

Having covered what a pip is in Forex and how to calculate its value, it’s time to see how pips can be used in risk management to determine the perfect position size for your trade. To do so, we need to follow a few simple steps:

Step 1: Determine your risk per trade – The risk per trade refers to the total risk you’re willing to take on a single trade. Usually, this is expressed as a percentage of your trading account balance. As a rule of thumb, don’t risk more than 2% of your balance on any single trade. For example, if your trading account balance is 10,000 USD, your total risk per trade shouldn’t exceed 200 USD.

Step 2: Place your Stop Loss – After you’ve found a good trade setup, check for potential areas where you can place your Stop Loss level and express it in pips. For example, if your potential entry price on a EURUSD trade is 1.2060 and your Stop Loss is placed at 1.2020, this would represent a Stop Loss of 40 pips.

Step 3: Calculate your position size – Finally, we have all ingredients we need to calculate our position size. By knowing that your total risk per trade is 200 USD, and your Stop Loss is 40 pips, you can determine your ideal position size by dividing your risk per trade with your Stop Loss. In our example, we should take a position size of 200/40 = 5 USD per pip. This would be roughly equal to 0.5 lots, but if you want to calculate it more precisely, use the following formula (the value “DesiredPipValue” would be replaced with 5 USD): PositionSize=DesiredPipValue*ExchRate/0.0001

How do I calculate profits and losses with pips?

Learning what a pip is in Forex terms is best done through a few examples. In the following lines, we’ll calculate the total value of profits/losses on various currency pairs.

Example 1: A trade of 2 standard lots on EURUSD is closed at 1.1550 with a 70-pip profit. What is the total profit of the trade?

Pip value = (0.0001 / 1.1550) x 200,000 = 17.31 EUR

70 pips x 17.31 EUR = 1,212 EUR in profit

Example 2: A trade of 50,000 USD on the USDJPY pair is closed at 110.65 with a loss of 60 pips. What is the total loss of the trade?

Pip value = (0.01 / 110.65) x 50,000 = 4.52 USD

60 pips x 4.52 = 271.12 USD in loss

Note that JPY pairs have two decimal places, and the pip is the second decimal place in this case.

Conclusion

In this article, we gave a definition of pips in Forex trading and showed how it can be applied to calculate your total profit or loss on a trade, or your perfect position size. To conclude, pips are the smallest increment by which a currency pair can change in value, and usually represents the fourth decimal place in currency pairs that don’t involve the Japanese yen. Currency pairs that do involve the Japanese yen have the pip located at the second decimal place.

Pipettes are a fractional value of a pip, and have a value of 1/10 of a regular pip. Many brokers use trading platforms with 5 decimal places instead of 4, making it important to understand the meaning of pips in Forex trading and how they differ from pipettes.

Finally, knowing the Stop Loss of a trade setup helps in determining the perfect position size for that trade in order to stay inside your risk per trade boundaries.

Now that you’ve learned what a pip stands for in Forex, you can move on to cover more complicated trading concepts and rest assured that you have a solid basis to calculate your total profits/losses on a trade.

Easy Forex Review

Review

easy-forex, founded in 2003, is a leading provider of online trading services. It is headquartered in Cyprus with offices, FX trading rooms and customer support centers in over 160 countries worldwide. easy-forex assumes the position of a market maker, with its liquidity providers being UBS (in Switzerland) and The Royal Bank of Scotland (RBS).
easy-forex is licensed in Cyprus by CySEC , in Europe with MiFID and in Australia by ASIC.

Accounts

When first setting up an account with easy-forex, traders can define the type of account they wish to use according to the level of risk they are willing to take. A Standard account comes with a margin of as little as $25.

Additional account types are Premium and VIP. The type of the account will also determine the spread offered to the client, ranging from 3 pips for a standard account, 2.5 pips for Premium and 1.8 pips for VIP.

Demo accounts are available and traders can trade on mobile, desktop or online. There are free personal trainers, guaranteed stop-loss and other features similar to a real account.

easy-forex also offers trading accounts which adhere to the Islamic law (Sharia). With Islamic trading accounts, when traders extend their Day-Trading deals to the next day, no rolling fee is charged. Accordingly, the maximum duration offered for Day-Trading deals is limited (usually 1 week but it can also be shorter or longer depending on the currency pair traded).

Features

Traders can select over 175 products ranging from currencies, commodities and metals, to options, using their desktops, tablets or smartphone devices with account. easy-forex offers a wide range of Energy Commodities including WTI Crude Oil, Brent, Natural Gas, Heating oil and Gasoil. There are also several energy commodity pairs such as HEO / USD, OIL / USD and others.

There is also a wide range of agricultural commodities over and above what most brokers offer such as cocoa, corn and coffee.

Traders can take advantage of the easy-forex Trade Simulator with no obligation or risk and at no cost. The Trade Simulator lets newbie traders explore the easy-forex platform features which include the Inside Viewer that shows them the most popularly traded currency pairs or the Trade Controller that enables them to visually set their risk management strategy.

The trading simulator is a great way to sharpen trading skills or to test out some trading strategies.

Education

easy-forex provides traders with a host of educational tools. There are training videos for both beginners and advanced traders and a free Forex guide ebook that can be easily downloaded and includes basic information on trading in general as well as tips and techniques for successful Forex trading.

Forex webinars are online and accessible from anywhere in the world and seminars offer traders an opportunity to meet the easy-forex team in person and interact with traders like themselves from other areas. An additional chance to meet other traders is provided at easy-forex expos which take place periodically in many different locations. A listing of upcoming expos and other events are listed on the website.

In the ‘Further Reading’ section, members can choose from a variety of different articles on various areas of Forex trading.

Bonuses/Promotions

There were several promotions going when doing this review. A 20% bonus up to $2000 was offered on a trader’s first deposit.

With the Win-Win bonus, a trader need only make a deposit of any amount. If the trade comes in as a profit, easy-forex doubles the win; if it’s a loss, the broker will cover it up to $200.

easy-forex makes option trading easy by offering $300 in risk-free trading to anyone opening an account.

Should a trader decide to become an affiliate or introducing broker with easy-forex, he/she can receive up to $600 (for online affiliates) and up to $100 lot rebate (for introducing brokers). All partners earn 10% commissions from their sub-affiliates.

There is also a Refer-a-Friend promotion where the referrer receives from $50-$500 on deposits of $200 to $5,000. The friend receives 50% of the reward.

Deposits/Withdrawals

Funding to easy-forex accounts can be done with credit cards or via bank wires. They accept 12 different currencies.

Withdrawals are done by filling out an online form. Funds are returned using the same methods as the deposit.

There are no fees or commission on deposits or withdrawals.

Customer Support

Traders can contact an easy-forex representative by telephone at the broker’s two main offices in Limassol and Sydney. Queries can be sent by email and snail mail can be sent to easy-forex at their address in the Marshall Islands. Live Chat is also available.

Commodities and Indices are traded as CFDs and settle two working days prior to the underlying exchange expiry at 12:00 GMT. The expiration of each CFD is clearly stated in the trade ticket as are open positions and MT4 Market Watch.

Options can be set to expire up to six months from initiation date. On any given day, options that expire do so at 10:00 AM New York Time.

Conclusion

easy-forex is a great all-around dealer in the Forex and commodity markets. The website is user-friendly and easy to navigate. The broker is well regulated and offers a host of educational features for both beginners and advanced traders.

Features

The most attractive feature at easy-forex is its list of generous bonuses and promotions. At the time of this review there were at least four bonuses being offered which made opening an account with this broker both lucrative and fun. There is nothing like a good promotion to attract new clients and easy-forex has done just that. The fact that the broker is regulated by several organization adds to the appeal of this broker.

Platforms

Platforms

Visual Trading Machine

easy-forex offers traders an online web trading platform, Visual Trading Machine which allows them to trade from any computer wherever they are. The platform includes sophisticated tools, real-time rates feed, one-click trading, freeze rate, live market news and other unique features. The platform is fully transposable once downloaded.

Mobile and Windows

The easy-forex platform can be used on most mobile devices including iPhones, Androids and Smartphones. The downloadable app provides traders with easy access to their trades, real time charts and rates for most commonly traded currency pairs including gold and silver, daily market outlooks, video news and financial calendar and all the advantages of trading with easy-forex including tight fixed spreads and guaranteed fills.

MT4

The popular MetaTrader4 platform at easy-forex offers fixed spreads, the use of Expert Advisors, hedging, microlots starting from 0.01 lots, No Dealer intervention, fast Market Execution and Trading Central News Feed.

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