Apparently last weeks downer has made an impression on my psyche resulting in me being too risk-averse this week. Below is one of the several examples of such today. I shorted EURUSD at 1.46065 and purchased it back at 1.46057 giving a mere 1 pip profit. Why? as we can see EUR had a ride
Okay, so today I had to get around to do some other things than trading, although I sure regret doing so now.. sort of.. Some rather heavy moves on EURNOK this morning, with EUR appreciating a full 939.7 pips, representing a 1.22% increase. To put it like this, going 100,000 EUR long at the 7.7279
After some other posts I got asked about pips and if I could explain it in laymen terms, and as such, well, here we go.. I’ll give it a shot at least. Pip generally refers to percentage in point, and is the lowest decimal/unit an exchange can take place at. This is typically 1/10.000 (fourth
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