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You want to trade EURUSD, so here's how you do it on Pip Trader:
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Decide the currency
pair you
want to trade |
Decide whether you want to
Buy or Sell EURUSD |
| The
Pip Price is stated in USD |
Decide how much you want to
pay for each Pip
Movement |
Want to close your trade? Go to close
a trade to see how.
Currency pair This is the pair of currencies, in this example Euros and US
Dollars, that you buy or sell.
Buy or Sell
To buy EURUSD is to buy Euros with US Dollars, whereas to sell EURUSD is
to sell Euros with US Dollars.
Pip Price
The Pip Price is always denominated in US Dollars. This means that if you decide
to trade a Pip Price of 10, you are trading USD10 per pip movement.
Pip Movement
A Pip Movement is the smallest figure change in any currency pair. In EURUSD,
a movement from 1.3214 to 1.3215 is one pip, so a pip is .0001. In the example
above, you decide to pay USD10 for each pip movement.
Ready to trade Pip Forex? Then click here to open your account.
Pip Forex is owned by Simray Holdings LLC, a company regulated by Norwegian law.
Risk Warning:
Forex trading (also known as foreign exchange or currency trading) contains risk. However, your risk is strictly limited to how much you have in your account. As a rule, you should only trade forex with money that you can afford to live without. Some people will be successful in their forex trading and some will not. So, you should consider your trading options and your budget before you start trading.
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