“I
made 80 pips today.”
“I
am up by 50 pips so far.”
So
what does “pips” actually mean?
The
term “pip” is used to denote the term “percentage in point.” It is the standard
term used to describe the smallest price fluctuation of a currency in relation
to another currency.
Pips
are important not only because they help traders determine how much money they
have made, but also because they allow traders to determine the cost of their
Forex transactions. In Forex, traders are not charged any commission by their
brokers. Instead, traders have to pay for what is known as a “spread.”
The
spread is the difference between the selling and buying prices (Bid/Ask prices)
of a currency pair.
All traders seek to find a trend when
studying pricing data. Traders also attempt to identify a rate trend reversal
point in order to time market buys and sells at the most profitable level.
Moving averages can help in both regards.
The Forex
Feature is a new addition to us. It will
allow you to make forex-type investments through our binary options platform.
When trading forex with us, you first will select a Stop Loss, Take
Profit, direction and position. The option will expire when it reaches one of
your limits or at the end of the day. Trading forex on a binary options
platform is particularly advantageous because you do not need to worry about
market movement outside of the expiry time on your trades.
Click Forex or Options, if you want to open an account
WITH THIS COMPANY . . .We are authorized
and regulated by the Financial Conduct Authority, regulated by the Cyprus
Securities and Exchange Commission, and we are also listed on the London Stock
Exchange.
We have the most easy to use trading
platform out there yet it includes advanced features attractive to experienced
traders.
You can trade CFDs with over 2,000
instruments (Shares, Indices, Commodities, Forex, and ETFs) across over 20
different markets worldwide.
Everything is available in 50 markets and
31 different languages) regardless of your location.
Traders can keep trading wherever they may
be using a full range of mobiles and tablets especially for the busy trader.
We offer a free (unlimited by time) demo
version.
Click Forex, if you want to open an account
