Welcome to Forex Terms – Learn your first 5 forex terms. – Lots, leverage and pips are very important. – Trading is more convenient and secure with these terms.

What is Pip? – The minimum price change is a pip. – It helps track profit or loss. – A pip is comprised of every small price step. What is Pip? – The minimum price change is a pip. – It helps track profit or loss. – A pip is comprised of every small price step.

Understanding Lots – How much money you trade is a lot. – There are standard, mini and micro lots. – Trade in small lots in order to begin. Understanding Lots – How much money you trade is a lot. – There are standard, mini and micro lots. – Trade in small lots in order to begin.

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Why Learn Forex Terms? – Lots, leverage, and pips. The knowledge is beneficial to beginners. – demo account practice. – Be smart when trading and be safe when small. Why Learn Forex Terms? – Lots, leverage, and pips. The knowledge is beneficial to beginners. – demo account practice. – Be smart when trading and be safe when small.