Forex trading is a smart business and it can generate huge profit for you. Before you start Forex trading you should be familiar with terms used in Forex and Forex brokerages.

Pip: The first term is the pip or pips because you will trade on pips and it will determine your profit or loss. On the most trading system there is 5 digits on the meta trader terminal after the decimal point. Each point value is counted as pip and each pip determine 0.01 profit or 0.01 loss for 0.01 lot size.

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Author: fk8525123 (#10105) 594 days ago on Category: Education forex trading forex terms currency All