Pip CFDs

Posted by becky on December 24th, 2019

Pip CFDs

If you are new to Forex then to you a pip is something that you find in an apple core and it has no relevance to your life whatsoever right? Well now you're getting into Forex trading a pip is very important because you will be using pips in calculating your profits and losses. What is a pip? A "pip" stands for "Percentage in Point". A pip is the smallest price movement of a traded currency and it is also referred to as a "point". The team at PIPs CFDs are experienced in the world of forex trading we are here to share our forex knowledge with you!

If you want to trade CFDs successfully you need to get to grips with the basics. What is the forex market? What are CFDs and what are spreads? The forex world can be quite intimidating to beginners because it is inundated with jargon and technical analysis which is wonderfully helpful to experienced traders but meaningless if you are just starting out. To reiterate again, we all started out once! Unlike traditional stocks and shares markets there are many full time forex traders with no formal trading education who have mastered the markets. What they all have in common is a discipline and a willingness to learn the trade and perfect their own techniques.

Our own trading is usually done with an ECN broker. We feel using an ECN this gives us the most open and transparent trading conditions. Personal choice yes, but we're sticking with it. As such we're always on the lookout for new ECNs to test, providing of course they provide CFDs in the first place.