Learn How to Make 10 pips a Day Faster Than Other Forex Traders! Before we go to deep details about Forex Pips on how you can make 10 pips a day, we need to understand what the word “Pips” is and how you can leverage your trading profit. A Pip is normally the last digit on the right in a currency. For example: If the EUR/GBP trades at 1.2464, then “4” is the Pip and if the EUR/GBP moves to 1.2884 that would be a 420 Pip move.‘ Ready for easy profits in at least 10 pips? Get them with help of this article!
Most Forex traders are familiar with Candlestick Charts. Candlestick charts are invented by Japanese rice traders in the 16th centuries. Over the centuries these charts have been perfected into an art form. But how about another Japanese invention, the Renko Charts? Yes, Renko Charts are another Japanese creation that has been widely used in Forex trading yet, many Forex traders might never heard of these charts. These charts are based on price only not on time. On a regular candlestick chart or a bar chart after a fixed time interval, you will find a new candlestick or a bar but not on the Renko Chart.