It's not hard to learn how to profit by trading pip forex, as we show you on the what can I make page.

Or, get your own practice account and trade in a risk-free environment to start with.

Before trading pip forex though, you should be aware of the minimum and maximum losses you can make. Here are a couple of examples:

Losing a little

Your first trade is on EURUSD (also referred to as Eurodollar). You're confident that this currency pair is going to go up in value (i.e. the value of the EURO will increase compared to the US DOLLAR), but you want the minimum risk on this trade so you can just try pip trading with Pip Forex for the first time. You choose a Pip Price of just 1 and then click BUY.

Because the BUY price is 4 pips more than the SELL price, if you were to close this position immediately, you would lose 4 pips. At 1 dollar per pip, that would have you down 4 dollars with an account balance of USD4,996.

You get cold feet, cash out and close your account. Your loss is 4 US dollars.

Losing more

Here's an example of how you might lose everything you cashed into your Pip Forex account. Don't use the strategy below!

You start with 1,000 US dollars in your account.

Your first trade is on EURUSD. You're really confident that this currency pair is going to go up in value (i.e. the value of the EURO will increase compared to the US DOLLAR), so you choose a Pip Price of 10 and then click BUY.

Because the BUY price is 4 pips more than the SELL price, if you were to close this position immediately, you would lose 4 pips. At 10 dollars per pip, that would have you down 40 dollars with an account balance of USD960.

Your second trade is on GBPUSD (the British Pound against the US Dollar, also referred to as 'Cable'). You're almost as confident in yourself as last time, and think that this currency pair is going to go down in value (i.e. the value of the BRITISH POUND will decrease compared to the US DOLLAR), so you choose a Pip Price of 10, and then click SELL.

You wait a few days for Cable to go down, but it doesn't. It goes up by 20 pips.

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.