Pips and 'pips values' represent one of the most misunderstood concepts in Forex trading. Newbies, especially, often have trouble grasping the idea behind pips -- but, a solid understanding of pips is crucial to successful Forex investing.
If you have had trouble with pips, then today may be your lucky day. I'm going to attempt to clarify things once and for all with a brief pips tutorial.
Hopefully you are already familiar with the concept of 'basis points'. One basis point is equal to one one-hundredth of one percent, and represents the smallest increment of change measured for any financial instrument.
If you have had trouble with pips, then today may be your lucky day. I'm going to attempt to clarify things once and for all with a brief pips tutorial.
Hopefully you are already familiar with the concept of 'basis points'. One basis point is equal to one one-hundredth of one percent, and represents the smallest increment of change measured for any financial instrument.
