Trading in the Forex market is a challenging opportunity where above average returns are available to educated and experienced investors who are willing to take above average risk.
Before deciding to participate in Forex trading, you should carefully consider your investment objectives, level of experience and risk appetite.
Most importantly, do not invest money you cannot afford to lose.
IF YOU FIND VALUE IN MY POSTS AND PREDICTIONS HERE AND WOULD LIKE TO FOLLOW MY TRADES, PLEASE DO SO AT YOUR OWN RISK.
Search This Site
What's a PIP?
In every post in this blog, you will read the term 'pip'. So, what is a 'pip'?
A PIP (or Price Interest Point) is the basic unit that forex traders use to describe price movements of a currency pair.
For example, if the pair EUR/USD moved from 1.2000 to 1.2001, the pair moved +1 pip. If it moved from 1.2000 to 1.9999, the pair moved -1 pip.
Because of the highly-leveraged nature of forex trading, a pip can equal 10 cents ($0.10) up to $100.00, depending on how a forex trader sets his account.
My Forex trading account is setup such that one pip gives or takes from me one dollar ($1.00) on average.
Check my score below to see how many pips I've gained this month.
Married and father of 2, Jack of many trades, Technical Training Engineer, PC Grease Monkey, Linux User, Forex Day-Trader, Airsoft gunner and a journeyman in this journey called LIFE --- not to mention that I'm a geek and terribly-cute. Get it? Terrible and cute.