In the process of working back yesterday's loss I made a bet on the EURNOK about ECBs statement today. I shorted 50,000 EUR at 7.7549 and repurchased it at 7.7365 giving a 184 pip (0.24%) profit.
(30 pip spread between bid/ask price from broker)
1 thought on “Successful bet on ECB”
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A post on what a PIP is, in layman's terms would be welcome. When I first looked into investing in the Euro I came across the term and was surprised that there wasn't even a wikipedia page describing the price interest point and how it related to currency pairs.