Forex trading has become very popular as it offers the usage of leverage. This means that we can borrow money to trade larger positions in currency, so we are only required to put up a small amount of money (known as margin) to control a much larger amount of money for trade. This allows traders …
Pip
You have probably heard of the terms pips, points, pipettes, lots, etc. in forex, right? These terms have an important role in forex trading and every trader is required to have a great understanding of them. Feeling comfortable with pip values and calculating profit and loss using them is a must-have achievement. We are going …