Forex Trading

What are a PIP and Lot?

In forex trading, the unit of measurement to express the change in value between two currencies is called a 'pip.'

agree , but learning can be useless if there is no regular level of practice. so we have to emphasis on this approach first of all.

Pip stands for percentage in point or price interest point. It is a tiny measure of the change in a currency pair in the forex market. On the other hand, a lot is the number of financial units that are traded on an exchange.

A lot size is the number of currency units you will buy or sell in Forex trading. Lot size is also known as the contract size in forex trading.

Pip stands for percentage in point or price interest point. It is a tiny measure of the change in a currency pair in the forex market. On the other hand, a lot is the number of financial units that are traded on an exchange.

trading Forex is very easy but to keep continue profit is not a minor deal ,
 need a long time experience with a reliable support from a credible trading broker.

In my opinion, forex is one of the best-trading markets where traders can earn money with knowledge and skill.

You should learn more than that. I would not invest money for at least 6 months after starting in Forex trading. There is so much to learn to be profitable

Try to get some lessons on the basics of forex before risking your money. Good luck.

Get a demo account as well. and stay with it for 3 months

Read about them in detail somewhere. Always remember to trust only reliable sources for information.

PIP is the smallest unit of the price movement of a currency pair. For most of the currency pair one pip is equal to 0.0001.
Lots is basically the number of currency units we buy or sell. The standard size of the lot is 100,000 units of currency.

violatubawhirl posted:
Get a demo account as well. and stay with it for 3 months

the newcomers generally dont believe the importance of demo account at all , so 3 months is a very long time i think for any kind of newcomers.