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Increasingly, investors are turning to forex trading brokers to get in on some foreign currency trading. Unfortunately, not only is this branch of financial trading the one with the biggest profits and risks, but it is also most fraught with scams and shysters.



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PIP is nothing special but Price Interest Points. In the forex market, currencies are always priced in pairs. The quoted price is the level where we, acting as the market maker, are willing to buy/sell the currency pair. In the wholesale market, currencies are quoted out to four decimal places, with the last placeholder called a point or a pip. A pip in most currencies is one /10,000th of an exchange rate (in USD/JPY, it is one /100th, likewise you can find for others).



Forex News Stories

US Dollar May Gain as US Import Prices Likely to Signal Accelerating Inflation

Thu, 10 Apr 2008 21:52:42 -0400
With the US Dollar still relatively weak against the majors, there are concerns that import price inflation will rise significantly. The prospect of increased...