A pip is the smallest price increment in forex trading – pip stands for percentage in point.

Prices are quoted to the fourth decimal point in the forex market – for example EUR/USD might be bid at 1.1914 and offered at 1.1917. In this example we can see that the spread is 3 pips wide. The Japanese Yen (JPY) is an exception – it is quoted only to the second decimal point.

Im from Malaysia. I'm looking forward in this. But all I heard was phony companies eatin' up ppl money. Suggestion? Let it be a good one.

I use http://www.interbankfx.com and have used http://www.oanda.com in the past. I don't know if they'd provide service to you in Malaysia, but they've both worked well for me and I've withdrawn funds with no problems.

I have heard stories of fraudulent brokerages, but a lot of times people are just upset with their brokerages because of how much money they've lost at them.

i have read an article which says that it is theoretically unsound position to buy (or sell) when there is a cross over. can math oriented person explain.

In general many technical analists consider a cross over as a strong buy signal. It indicates a strong reverse in trend.

The unsoundness concept comes from the idea of being whipsawed. Many times the price will crossover, but then reverse. Technical indicators are by no means perfect indicators. If they were we would all be millionares.

This coming up summer(2009) i want to go to Greece. I want to do a foreign exchange program there. but i only want to go during the summer for about 3 weeks. I really need some help planning this and I dont want to spend over 3,000 dollars.

Also, I have friends in Greece. So could they be my host family that I live with while i’m there?

HELPPPPPP!

join the rotary club.
If your school doesn’t have one, you are out of luck.

What kind of funds do you need to start ?

In essence, Learning forex its easy, but mastering its the Hard Part. You can learn the basic rules, technical analysis, fundamental analysis, candlestick, pivot points, time frame, trend lines, Fibonacci, support & resistance, price action, leverage, money management and position sizing, you can even Learn a hole system and methodology to trade mechanically and even with that you can lose money.