It is one of those games where any money that you lose, someone else earns that exact amount so if your jut starting off you needs to learn and learn fast.
Therefore before you even sign up to an [account] you must know all the basics.
Have you heard of a pip? Pip Spread?
When I go started I didn't know what these meant at all.
Pips and spreads are pretty closely related but there are some small differences. For most currencies a pip is around 1/100.
Say a currency moves from 1.7123 to 1.7125 it has moved 2 Pip Spread Which to you means you may have earned around 20$. Depending on some other factors.
You may well know that all currency is traded in pairs and the[pip spread] is another term that needs to be understood before putting money down.
The lower the pip spread is in general the easy it is for you to profit. The pip spread may be explained as the cost of doing business. In the case above at 2 pips you sustain a paper loss of 2 pips as soon as you enter the trade. It must be noted that your trade must appreciate by the [pip spread] before you break even.
This is why it is important to find a broker that will allow you to trade at low pip spread. This is not the only factor in you forex success on the contrary it is only the absolute minimum knowledge before starting up however you have to start somewhere.
The next would be to find a reputable broker and get and account. They are usually free of charge and don't require you to pay for the service of learning from their guides etc. I am saying this because I would strongly advice you to learn before putting any money down.
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