PIP: Forex pip comes from shortened version of Percentage in Point. Forex pip is the smallest unit of price that is traded on a currency market.
Most of currencies are traded to four decimal points, so that a pip is 0.0001 or 1/10000 of a dollar. It seems like too little amount of money. but you can earn with forex at this level. Because you will sell and buy too much pips.
 (One exception of four decimal points is the Japanese Yen that traded with two decimal points) Continue reading →