Understanding Forex Pips (Part I)
by Ahmad HassamHow can you make many pips per each trade in forextrading? Forex trading revolves around making pips. Almost every trader wants to make as many pips as he/she can per trade. Pip is an extremely important concept in the foreignexchangetrading. A forex pip is the smallest unit of price movement in the exchange rate of a currency pair. Pip stands for Percentage in Points or some refer to it as Price interest point.Pip is almost similar to the tick found in other financial markets lik