Hello…My name is Patrick and I currently live in NY, originally from San Diego. I came across the Forex trading by way of internet search of how to make money easier by trading. I looked at the stock market and decided that it was just to complex for me.
I’m going through the school right now and the word PIPS keep coming up. Please can someone explain to me what this is. I know that I will encounter it later. But I would like a good definition of what a PIP is.
Hey there Patrick. Glad to have you on the forex camp! A PIP is basically a unit of measurement for the change in value of a currency pair. Maybe our [B]lesson on pips and pipettes[/B] could help you understand better. Good luck!