PIP stands for “Price Interest Point” and is the last decimal place of a quote. It is mostly used in Forex trading and since Forex pairs usually have 4 decimal numbers, generally 1 pip is the change of 1 point at the 4th value of the currency pair; we could also define 1 pip as 1/100 of a cent.
So what’s the fuss about the forex market? Just like any market, forex exchange market is the place currencies are traded. I mean, currencies are very important to a larger majority of people around the world, notwithstanding whether they understand it or not
Traders have got two ways to build a portfolio of automated trading algorithms which can help in trading activities: Learning how to code an automated trading strategy or using Automated Trading Software to generate strategies without the need of improving coding skills.
What is quantitative trading and how does it work? Here we take a look at the uses of quantitative trading strategies, their pros and cons and what are the tools that a quantitative trader needs to posses.
A quick comparison of the two most popular trading platforms, MT4 vs MT5. Find out which platform is best for you, what are the advantages that they offer, and what new features are included in MT5.
What is day trading and what are the most commonly used day trading strategies? Here we will take a look at the rules of day trading and describe some of the most popular day trading strategies.
Testing a trading system or Expert Advisor (EA) could be time consuming, but thanks to the Strategy Tester tool on MetaTrader, you can test a trading system using historical price data from several years ago without having to test it real time. It is called “backtesting”