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PIP is nothing special but Price Interest Points. In the forex market, currencies are always priced in pairs. The quoted price is the level where we, acting as the market maker, are willing to buy/sell the currency pair. In the wholesale market, currencies are quoted out to four decimal places, with the last placeholder called a point or a pip. A pip in most currencies is one /10,000th of an exchange rate (in USD/JPY, it is one /100th, likewise you can find for others).
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Always leave the forecasting to the pros unless you are playing the Forex as a hobby and don't have a lot of money invested...Or like most people you will learn the hard way.
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At present mostly all the operations on the Forex market are conducting only to obtain profit. With the development of Internet and other means of communication this sector of the financial markets becomes more accessible and attractive for the investors of different levels.
Forex GaloreDaily Forex Market Commentary for October 18, 2006Thu, 19 Oct 2006 01:11:00 GMT
Forex Market Commentary for October 18, 2006
GFT Daily Forex Market Commentary by Cornelius Luca
The dollar fell broadly on Tuesday amid a very strong TIC data report, a very strong core PPI and a very weak industrial production...
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