How to Start Trading the Forex Market? (Part 5)

By |2019-03-31T08:54:43+00:00March 30th, 2019|Categories: Forex Market|Tags: , , , , , , , , , , , , , , , , |

What are *PIPS*? Currencies are traded on a price/ point (pip) system. Each currency pair has its own pip value. When you see a FOREX price quote, you'll see something listed like this: EUR/USD 1.2210/13 Explanation: a) If you want to BUY the EUR/USD (meaning you BUY EUROS and SELL US$) you buy 100,000 EUROS and [...]