About: lishitong
Recent Posts by lishitong
Watch Your Pips Grow into a Lot More
You’ve probably heard them a million times; “PIPs” and “LOTs” may be little but in the trading world they’re a BIG thing. You won’t understand trading until you understand them. What the pip!？ PIP stands for “percentage in point” and is the smallest possible increment in a quote. Example: GBP/USD has a rate of 1.5696 aContinue Reading
Written on December 28, 2020 at 6:26 am
Categories: What is Forex
How Much is a Lot
One of the first concepts you need to understand as part of your Forex trading training are standard lots and micro lots; what are they and what’s the difference between them？ What is a Forex lot？ A standard forex lot is equal to 100,000 of the base currency so in the case of EUR/USD isContinue Reading
Written on December 28, 2020 at 6:17 am
Categories: What is Forex
Leverage and Margin
Now that we know what a pip is, we know that it is just a teeny amount, so you need to trade a LOT for these tiny PIPs to really make a difference. ‘Leveraging lets you magnify your profit potential, at the risk of greater losses, through allowing you to control a relatively large assetContinue Reading
Written on December 28, 2020 at 6:11 am
Categories: What is Forex
Recent Comments by lishitong
No comments by lishitong
