Foreign Currency Exchange

The foreign currency exchange is without a doubt the largest financial market in the world. With such a large financial market, it is easy to see how one could be profitable and make a nice living with it. While the idea of making money in the Forex market sounds nice, many people end up losing their shirts (and their trust funds). So what does it take to be successful in currently trading? Read on to find out, my friend.
Pips

The foreign currency exchange is all about making pips. Pips are the basic unit that is used in the Forex market. Since you are dealing with two different currencies in the same transaction, you have to be able to quantify the changes in the exchange rate between them. The pip is the basic unit that is used to show this difference. When trading in the market, your objective is to make pips. It sounds simple, but you would be surprised how difficult it can be.