What is a "PIP"

[ironman2000]

I have just been asked a question:

What is a "PIP" and here is the answer to their question.

As a new Forex trader, one of the most important things you will need to learn is how to figure out the value of a pip for any currency pair. A pip is the smallest measure of value in a currency pair in Forex, so it's critical that you understand this concept

When someone is saying "30 pips," they're talking about thirty units of value in a trade. Both profits and losses are measured in pips, though a pip for USD/JPY is not the same value as a pip for USD/CAD

The simplest way to put it is this: one pip is one unit of the smallest measured decimal place. For example, if you are trading USD/JPY at 114.95, then one pip is .01 Yen, since that is the smallest decimal place of measurement used in this pair. The JPY is measured in two decimal spaces, although almost all other currencies are measured in four decimal places

If anyone has any other questions about Forex I will be more than welcome to answer them.

Have a great weekend..........

[Doolally]

I've a question!!

I really must setup an account but was wondering if eToro allowed for trailing stops to be entered?

[usdcasinos]

I would not advise using eToro. Make sure you use a dealer that is regulated!!

[AmCan]

etoro operates via a NJ based company, which is licensed/regulate in the US (for whatever that is worth). That is FX solutions
http://www.fxsolutions.com/company-info/regulation.asp

that doesn't answer the trailing stops question, but puts into question the claim they aren't regulated.

[ironman2000]

I would just like to inform to all affiliates who do not know that eToro is regulated.

eToro is regulated in the USA by the National Futures Association (NFA) and works under the domain www.etorousa.com .
Affiliates who wish to promote etoro in the USA will be asked to contact eToropartners.com in order to make sure the campaign complies with the NFA rules.

The commission for affiliates from the USA campaigns stands on $200 CPA.

All affiliates who wish to promote eToro outside of the USA can choose between CPA and revenue share and no primary approval are needed.


Have a great weekend to all

[usdcasinos]

Sorry for the confusing I was basing the info off etoro.com, not etoroUSA.com which stats they are located in cyprus