Forex Pips

Forex, the interbank market for currency exchange transactions, is a complex system of financial and economic relations. To work in this field to the fullest extent, it is necessary to know a lot of special concepts. As a rule, investors learn the science and practice of Forex trading throughout their professional life. However, there are some basic points, which a beginning trader must master rather quickly and to perfection. First of all, a private trader must find out exactly what are pips in forex, as well as how the real value of one pip is calculated.