How To Start Trading The Forex Market? (Part 5)
banking service chronicle What are *PIPS* ? Currencies are traded on a price/ point (pip) system. banking service chronicle monthly magazine Each currency pair has its own pip value. banking service chronicle monthly magazine subscription When you see a FOREX price quote, youll 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 you SELL 122,130 US$, or in other words you receive 122,130 US$ for 100,000 EUROS. banking service chronicle monthly magazine online B) If you want to SELL the EUR/USD ( meaning you SELL EUROS ... 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, youll see something listed like this: EUR/USD 1.2210/13 banking service chronicle monthly magazine buy online
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