Pips in Forex Trading

Pips in Forex Trading
In the fast paced, high stakes world of forex trading, everything revolves around pips. You will often hear forex traders uttering mysterious phrases like, “I’m up 25 pips for the day, and “I scored a 137 pip profit on that last trade.” For those of us who know what pips are, it makes perfect sense — but people who are new to Forex trading may find such words meaningless and intimidating.

So, what is a pip, then?  Pip stands for “percentage in point.” Sometimes you may hear people refer to pips as points for matters of Forex trading, and it is the smallest unit of price for a currency being traded. It appears in the place of the last decimal point in exchange rates and currency pairs. When dealing with  most currencies, it is 0.0001. This means that if you bought USD/CHF 1.3475 and sold at 1.3489,  you made 14 pips on that trade. 

Business Isn’t All Potpourri and Easy Times

Business Isn’t All Potpourri and Easy Times

Have you ever thought about starting out on your own and making a new business?  Most of us have had that inkling from time to time.  It makes sense.  Who wants to have to work for someone else, on someone else’s schedule, and only get paid less than a quarter of what the person who owns the place makes?  That mentality is a main reason that people might finally make the decision to step out on their own.  Another reason that more and more people are getting into operating their own small business is the fact that so many people who once had great jobs have been laid off.  That gave many the perfect opportunity to finally start up their dream business.  The thing that people need to be certain that they consider prior to venturing out is that business is not always easy with income coming in constantly.

What Does It Take to Ink A Deal?

What Does It Take to Ink A Deal?

Corporate business relationships don’t form overnight.  They take work and effort, and when you need to make a new contact or ink a deal immediately, when you don’t have months to invest building the relationship, your options — and chances — are somewhat poorer.  In order to succeed, you’ll have to find creative ways to establish a relationship quickly and to give the impression that you intend to be an attentive partner and follow through on your commitment to making the partnership flourish.  But you only have a few minutes with your contact.  What can you possibly do in that narrow amount of time?

US Jobs and Labor Day

US Jobs and Labor Day

Good news came to Americans today on the US jobs front as it was made known that the unemployment rate did drop just a bit to now only 9.1%.  With that being the case, stocks did take a little tiny jump up, and for now it seems that some of us can breathe a little easier.  Remember, I said “for now.”  Hopefully that turns into a for a good while soon, but you never know with the way things are looking in the current financial and business areas.