How to Start Trading The Forex Market? Part 5 of 8

How to Start Trading The Forex Market? Part 5 of 8 Video Clips. Duration : 5.35 Mins.

What are * PIPS www.myfirsthomeblog.com? Currencies are traded on a price / point (PIP). Each currency pair has its own pip value. If you see a FOREX quote, you will see something like below: GBP / USD 1.2210/13 Explanation: We want a) If the EUR / USD (ie € Buy and sell dollars) buy, buy and sell 122 € 100 000 $ 130 U.S. or in other words, you will receive U.S. $ 122 130 for 100,000 €. B) If the EUR / USD (meaning you SELL to sell € ...

Tags: forex exchange, online currency trading

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