Making 100 Pips a Day in Forex

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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Trading the Forex Markets

A lot of people have heard about trading in the foreign exchange markets. Some may have dabbled in trading the currency markets through certain discount brokers. Most of you probably lost money doing this, going against the professional speculators. But there are ways of capitalizing on the huge currency markets. Many currency market participants are not investors, but rather hedgers, and this creates an enormous opportunity to exploit their moves.

If you really want to have success trading Forex, you should read this.
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