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:
Tags: British Pound, Broker, Currency, Currency Pairs, Currency Quote, Exchange Rate, Forex, Forex Market, Forex Trade, Forex Trader, Make Money, Money, Online, Online Trading, Trade Forex, TradingHow Currencies are quoted and what moves individual currencies?
ONE of the best advantages in FOREX Trading is
The amount of money you need to place a trade (known as “margin”) is all that can be lost !
You have to know, that despite the super-high leverage offered by some Forex brokers up to (400:1); meaning if you put up $ 1000 the broker will allow you to trade like you really have $400.000).
Forex trading is still less riskier than Stock or Futures Trading, where you can loose more than you have deposited in your account.
Tags: British Pound, Broker, Currency, Currency Pairs, Forex, Forex Broker, Forex Brokers, Forex Market, Forex Trading, Futures Trading, Fx Market, Make Money, Money, Stock Market, Trading, Trading PlatformWhy is FOREX trading so popular?
Because you can trade from anywhere. From your kitchen table, bedroom, garage or from the nearest Starbucks coffeehouse ( most of them have wireless Internet connection).
If you have or like to travel, take your laptop with you and you can trade the FOREX anywhere in the world where you have an Internet connection.
When you want to start trading the Forex Market nobody is asking you for a diploma, a formal license or a proof of how many hours you have spent studying the Foreign Exchange Market and/or Banking Industry.
Tags: Broker, Business, Currency, Currency Pairs, Currency Trading, Foreign Currencies, Foreign Currency, Foreign Exchange, Foreign Exchange Market, Forex, Forex Market, Forex Trading, Futures Trade, Fx Trading, Internet, Investment, Money, Stock Market, Trade Forex, Trading, Trading Platform