Forex Boulevard http://forexblvd.com Forex - Learn, Execute, Trial and Errors Tue, 17 Jun 2008 02:26:46 +0000 http://wordpress.org/?v=2.5 en PIP http://forexblvd.com/2008/06/17/pip/ http://forexblvd.com/2008/06/17/pip/#comments Tue, 17 Jun 2008 02:26:46 +0000 Forex Noob http://forexblvd.com/?p=5 SHARETHIS.addEntry({ title: "PIP", url: "http://forexblvd.com/2008/06/17/pip/" });]]> Pip? What is pip?

Pip is “Percentage In Point”.
One pip is .0001

At the time of this writing…
1.00 EUR = 1.55309 USD

Let’s say you buy EUR/USD at 1.55309 and
then you sell at 1.55359 one week later.

Then, you made profit of 5 pip.

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]]> http://forexblvd.com/2008/06/17/pip/feed/ What is Forex? http://forexblvd.com/2008/06/15/what-is-forex/ http://forexblvd.com/2008/06/15/what-is-forex/#comments Sun, 15 Jun 2008 05:03:18 +0000 Forex Noob http://forexblvd.com/?p=4 SHARETHIS.addEntry({ title: "What is Forex?", url: "http://forexblvd.com/2008/06/15/what-is-forex/" });]]> So…
What is Forex?

I am complete newbie and just started studying about Forex.
Forex is abbreviation of foreign exchange market or currency exchange.

Forex is THE Biggest market in the world!
Forex Market is approaching 2 trillion dollars!
Forex is The most liquid financial market!
Forex market never sleeps!

As for me, I don’t care about definitions.
All I care about is that Can I make money with it?

So, how do you make money?
You make money when your prediction is correct.

For example, if 1 EUR (Euro Dollar) = 1.5 USD (US Dollar)…
Do you think value of USD will go up or down?
Would you bet Up or Down?
Let’s assume you bet USD Value will go up.

Later (it could be minutes, hours, days), exchange rate is…
1 EUR (Euro Dollar) = 1.4 USD (US Dollar)

You just made lots of money!!!

I will post more as I learn more ;)

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