This article will define what a pip is, and show you how to identify the currency strength and weakness. It will also open your eyes to a currency pair and their strength and how you can choose the best currency pair and make big profit from forex market.
What is pip?Pip can be defined as a percentage in point. It can also be defined as a price interest point. A pip is use to identify the measure of price movement between two currencies in forex market. Its a pip that will show you how much you can buy one currency against the other in foreign exchange market. For example let says we choose to trade USD/JPY, USD is the base currency against JPY.
We all know that currencies in forex are in pairs. If we have EUR/USD 1.2700, this tell us that the amount of us dollar is 1.2700 and to buy one Euro. So the pip shows that USD is the weakening currency against EURO. That means USD is weak in strength against EURO. So as a trader when you know the weak currency then you will know what currency pair to trade at a particular time for a maximum profit. It is pip that will reflect all this weakness in foreign exchange market.
However, I will advise you to choose very carefully the currency pair you wish to trade. Do a lot of research and know the weakening currency so that you can make good profit out of your trade.
In conclusion you have to keep learning all the useful material you come by in order to improve yourself. I believe in useful information and any time I see it I usually pay attention to it, may be thats what is helping me up till now. So keep learning to keep discover a new thing.
Even though forex is risky but do you know you can actually make huge amount of profit by using one secret click Here to find out. Also down load free e-book that will open your eye to making profit in forex market by simply go to
iAutoblog the premier autoblogger software
No comments:
Post a Comment