Forex Jargon Flashcards
1
Q
What is a Pip
A
The way to measure movement in the market
How to gauge potent profit
4th and 2nd decimal place
2
Q
What is a lot
A
Also Known as volume
It is how many units you are choosing to buy
More units = More earning potential/risk
3
Q
Stop Loss
A
The amount of risk you are willing to take
4
Q
Take Profit
A
Goal number of pips wanted out of trade
