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.
Making 100 Pips a day results in a gain of .1% or about 30% a year. However, Forex trading allows lots of leverage (up to 200X). At even very mild degrees of leverage (relatively speaking) of 10x this system could triple your money with almost no risk. One of the best Forex trading platforms now available for individuals.
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