Every day, tens of thousands of traders try to make money with the help of indicators and fail to do so.. This is inevitable. This is no coincidence. Since someone has the money, that you deserve, must lose (and usually these are other traders), all popular procedures are doomed to failure. At the beginning of the popularity of technical analysis in the 1970s, you could make a fortune with moving averages and simple oscillators. Today you are mercilessly stopped, because all these indicators have on their screen and the markets produce a lot more false breaks.

Now we're going to need a little math. In connection with FOREX, you are certainly already on the terms “Pip” and “Lot” bumped, what we want to show you here is what it is about and how it is calculated. Take some time, because every FOREX trader should know about it. You should not trade before you can calculate profit or loss using pip value.