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forex and pip trading! -
06-12-2008
It is very hard to show strategy to swing trade, you need to learn fist what is a pip and then you start trading pip, don't trade one full pip as this is expensive you can trade half pip and even 20% of 1 pip, with can save you a lot of money and effort.. if you don't know what is a pip I can explain you this is a contract that you buy , one contract is one pip each time a digit change let say you trade USD vs. Euro if a price is $1.375 for USD vs. Euro so 1 pip is $1.376.. is you gain 1 pip if you trade that your pip will go up but if your pip go to $1.374 you lost 1 pip.. and you lost $1 dollar.. if you trade on mini account.. if on regular you lost $10 dollar. with is very risky.. swing trader simple trade by having few pips gain and then close position and then they waiting for another good move!
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