Forex trading made simple, easy & fun with no experience required. What is a PIP? A pip is the smallest price move in a forex or CFD exchange rate. In finance, specifically in foreign exchange markets, Pip stands for “percentage in point” or “price interest point”, a unit of change in an exchange rate of a currency pair.
What sessions and markets does this work for?
This method works in all sessions. We have found its performance to be strongest in the London, then the U.S., and lastly, the Asian, but it is effective in all sessions, and you will find traders in the PIP SOCIETY family who trade in all sessions. You can use it to trade when you need to in order to accommodate your current schedule until you can afford to use it to trade when you want to. We have heard from other traders that the same market behavior is seen in the Futures and Commodities markets, but we have not used this method to trade those markets ourselves.
What about position trades, swing trades, and day trades?
This method works on all time compressions.
How long does it take to learn?
This is like asking someone how long it would take to learn to speak a foreign language. Some would learn in 6 months, others in a year, some will never complete the learning process. We have had a few traders leave their first class profitable, and never look back. Obviously, this is not the norm, but still very possible. Some traders learn the method in just a few weeks to a few months. Most traders take 6 months to a year to really learn it. It’s really about how committed you are to learning.
What hours do you trade?
Mostly the London, but also the U.S. session on occasion. Many of our top traders trade the U.S. session only, but you should trade the hours that fit into your schedule.
Do I need a PC or can I use an Apple computer?
We do have traders that use Apple computers to trade. You can use the Bootcamp program to have Windows run internally, or you can download a program like Parallels that allows Windows to run within your Apple computer. There are web-based MT4 platforms for a fee (you must find these yourself via the internet.