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Net-Teams - Bookmark Tag how to start trading forex markets
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“How To” Start Trading The Forex Market? (Part 5)
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 1.2210/13Explanation:a) If you want to BUY the EUR/USD ( meaning you BUY EUROS and SELL US$ ) you buy 100,000 EUROS and you SELL 122,130 US$, or in other words you receive 122,130 US$ for 100,000 EUROS.B) If you want to SELL the EUR/USD ( meaning you SELL EUROS ...
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