Cashium

Feed India

We have started a new trust called feed India. Our main motto is feed the poor atleast one time a day

A Human Being can die but not because of Starvation

We will be developing our organization as soon as we get some good feedback of our organization

If you are in India please call me at +919841741426 or 044-30563229 for more information

You can donate as much as you can

Rs 1 to Infinity
$1 to Infinity

There are atleast 15 % of the population in India that are suffering from hunger. We as human beings don't want to be responsible for their death against hunger

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The Links are at the right side

Thank You For your Support

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Thursday, 27 August 2009

Important Forex Trading Terms

  • Spread

    The spread is the difference between the price that you can sell currency at (Bid) and the price you can buy currency at (Ask). The spread on majors is usually 3 pips under normal market conditions. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.
  • Pips

    A pip is the smallest unit by which a cross price quote changes. When trading Forex you will often hear that there is a 3-pip spread when you trade the majors. This spread is revealed when you compare the bid and the ask price, for example EURUSD is quoted at a bid price of 0.9875 and an ask price of 0.9878. The difference is USD 0.0003, which is equal to 3 “pips”.

    On a contract or position, the value of a pip can easily be calculated. You know that the EURUSD is quoted with four decimals, so all you have to do is cancel out the four zeros on the amount you trade and you will have the value of one pip. Thus, on a EURUSD 100,000 contract, one pip is USD 10. On a USDJPY 100,000 contract, one pip is equal to 1000 yen, because USDJPY is quoted with only two decimals.

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