Toronto, Canada (PRWEB) October 13, 2008
As of September 2008, InvestTechFX Technologies Inc. the worldwide leading Forex Trading Company is the first that has decreased the spread rate between the BID & ASK to 1 PIP only price difference between buying and selling Forex Currencies in the FIVE MAJORS currencies and the lowest spread rates on the rest of the Forex pairs worldwide:
EUR/USD - 1 PIP AUD/USD - 2 PIPS
GBP/USD - 1 PIP NZD/USD - 2 PIPS
USD/JPY - 1 PIP EUR/GBP - 2 PIPS
USD/CHF - 1 PIP EUR/JPY - 2 PIPS
USD/CAD - 1 PIP EUR/CHF - 2 PIPS
InvestTechFX the worldwide leading 1 PIP Forex Trading Co. wants to decrease the profits tension of the Foreign Forex Currency companies, which give the Forex Trader differences of 2 PIPS, 3 PIPS and 4 PIPS for the majors' currencies.
InvestTechFX the leading 1 PIP Forex Trading Co. decided by decreasing the difference between BID & ASK, more Forex Traders and Forex Account Managers will be able to enter this fascinating Trading Forex Market with activity extent of 3 trillions Dollars average per day.
InvestTechFX the leading 1 PIP Forex Trading Co. believes that by being a pioneer in the PIPS decreasing, the banks and foreign currencies companies which will remain in the Forex Market will be able to offer the Forex Trader low spread costs and the PIPS money savings will remain with the Forex Trader.
WHAT IS A PIP (Price Interest Point)
InvestTechFX the leading 1 PIP Forex Trading Co. explains that a PIP is the smallest trading unit in the Forex foreign currency. Most of the currency pairs are traded in different values which are noted in five digits, e.g.: EUR/USD = 1.3645.
InvestTechFX the leading 1 PIP Forex Trading Co. explains that if the pair value changed to EUR/USD = 1.3650 meaning that the EUR/USD pair was increased by 5 PIPS or If the pair value changed to EUR/USD = 1.3640 meaning that the EUR/USD pair was decreased by 5 PIPS.
InvestTechFX the leading 1 PIP Forex Trading Co. explains that the financial value of a PIP is different in accordance to the Forex trade size and the type of the Forex currency pair which are traded.
A trade is usually 1 LOT size. 1 LOT is equal to 100,000 currency unit.
Example to the PIPS (Dollar values) on the Forex majors' currencies:
EUR/USD - PIPS VALUE $10 US
GBP/USD - PIPS VALUE $ 10 US
USD/CHF - PIPS VALUE $ 9 US
USD/CAD - PIPS VALUE $ 9 US
USD/JPY - PIPS VALUE $10 US
INVESTTECHFX FOREX TRADING EXCHANGE RATE:
InvestTechFX the leading 1 PIP Forex Trading explains that Forex trading on foreign currencies traded in pairs and it calls Forex Exchanged Rate. Trading with InvestTechFX the leading 1 PIP Forex the majority of Forex currencies are opposed to the US dollar (USD), which mostly traded frequently. According to InvestTechFX the leading 1 PIP Forex, the second currency after the US dollar on the Forex Market is the Euro (EUR), JPY, GBP, CHF and CAD. According to InvestTechFX the leading 1 PIP Forex Trading, those five currencies build the majority of the Forex market and they called the major currencies or "The Majors".
According to InvestTechFX the leading 1 PIP Forex Trading, the currency that is the first one in the Forex foreign exchange pair is called BASE CURENCY. The second currency according to InvestTechFX is the COUNTER CURRENCY or QUOTED CORRENCY. The counter or quote currency is the numerator in the ratio, and the base currency is the denominator.
According to InvestTechFX the leading 1 PIP Forex Trading, the Forex foreign exchange rate point to the Forex Trader is the amount of the counter or quote Forex currency to pay to keep the Forex unit of the base Forex currency. According to InvestTechFX the leading 1 PIP Forex Trading, the Forex exchange rate is also point the Forex Trader how much they receiving in the COUNTED or QUOTED Forex currency when the trader BUY or SELL one unit of the base currency.
INVESTTECHFX FOREX TRADING SPREADS:
According to InvestTechFX the leading 1 PIP Forex Trading, It is the distinguishing between BUY & SELL, or BID & ASK. Those are the differences between the exchange's Forex Trading "SELL" price and the price that the exchange Forex Trading "BUY" price.
According to InvestTechFX the leading 1 PIP Forex Trading, the amount that the Forex trader will be received in the counter currency when the Forex trader sells a unit of base currency will be lower than the amount of counter currency that the forex trader BUY a unit of base currency. InvestTechFX online Forex trading with MetaTrader4 offers a spread of 1 PIP on the FIVE MAJORS. Smaller spreads are better for Forex Traders since they require a smaller movement in Forex exchange rates in order to profit from Forex trades.
INVESTTECHFX FOREX TRADING PRICES, QUOTES & CROSS RATES:
According to InvestTechFX the leading 1 PIP Forex Trading the currency's price (counter currency), is called "QUOTE". There are two kinds of quotes in the Forex market:
DIRECT QUOTE: the price for 1 US dollar in terms of the other currency, e.g.: USD/CHF & USD/CAD.
INDIRECT QUOTE: the price of a currency in terms of 1 US dollars, e.g.: GBP/USD & EUR/USD.
CROSS RATES: any quote which is not upfront the US dollar is called "CROSS", e.g.: EUR/GBP & EUR/CHF.
For further information about InvestTechFX the leading 1 PIP Forex Trading logon http://www.investtechfx.com.