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Forex trading can be lucrative for the commited. And we just don't mean for the insane either! It takes great commitment to be able to make money in Forex trading, but it's a highly lucrative field for career technicians. The best place to start is with the basics. Thanks for visiting Superior Investor, and good luck with your Forex Trading Career.
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A pip is the smallest unit of price for any currency. Most currency pairs consist of five digits and most pairs have the decimal point immediately after the first digit, EUR/USD 1.2855. In this case a single pip equals the smallest change in the fourth decimal place example EUR/USD 1.2856 - 1.2855 equals to 0.0001 pip.
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For any prospective traders, hope this is not in anyway a discouragement. Trading is a hard mind game and not everyone is suitable to be engaged in such a hard game. Most have neither frame of mind nor mental fortitude to survive in this hard game. Mastering TAs or numbers or options business are at best a first tentative step into the right direction with no guarantee to any success. Training a right frame of mind is the most difficult but absolutely necessary part for success and most are simply not ready to go through that hard stage of the learning process because it is a very painful process. Trading is essentially about pain-taking-process in the end although most do not realize it. The process of overcoming fear, greed and mastering tranquility of mind in this hard school of speculation.
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Both banks hold rates
Fri, 09 Nov 2007 08:56:57 GMT
Labels: Easy Forex
posted by ForexMan @ 2:36 AM
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