forex in tws can't figure out how to get GBP pip size and value

C

chi52

Hi all
I'm just starting out in forex and want to put on a GBP.USD trade. I am not sure how to find the pip size and pip value easily. Normally I'd go to the CME site but I am sure that there is an easy way to do it on TWS. Any help would be appreciated
 
experiment with the demo
pip size can go up to 1/10th of the normal pip.
1.34019
Buy 1M will net cost you 1.34019M USD and get you 1M GBP
Hold overnight and you lose tons in swap cost
 
HI @traider thanks for the reply but I wasn't clear in my question.
For instance from the CME web site I can find out that the details for the EUR.USD the PIP size is 0.0001 and the standard contract amount is 20,000.
How can I find that information from the TWS platform
 
chi52 said:
Hi all
I'm just starting out in forex and want to put on a GBP.USD trade. I am not sure how to find the pip size and pip value easily. Normally I'd go to the CME site but I am sure that there is an easy way to do it on TWS. Any help would be appreciated
More...

Probably easiest to use a forex pip calculator. Values will change for some pairs as price moves. Value will also change depending upon your account(deposit) currency.
https://www.forextime.com/trading-tools/trading-calculator/pip-calculator
 
chi52 said:
HI @traider thanks for the reply but I wasn't clear in my question.
For instance from the CME web site I can find out that the details for the EUR.USD the PIP size is 0.0001 and the standard contract amount is 20,000.
How can I find that information from the TWS platform
More...

GBPUSD is same as EURUSD.
PIP size 0.0001
you can send limit up to 1/10 pip in TWS
 
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