Glossary

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Pips trading
This is gaining profit from prices that are constantly changing by a few points. The essence of this method lies in trading on a minute chart (M1) in the the terminal, ensuring the ups or downs in the next couple of minutes will move the price and open the deal in this direction. After making a profit in a few pips (see), the transaction is closed and a new one is opened. Such transactions from pips traders occur 200-400 times daily. Basic rules of such trade lies in the fact that it is necessary to use the maximum leverage (see) and make deals with several lots (see) to get a noticeable profit from these transactions. Also, do not forget about the loss limits (stop-loss - see), to protect oneself from losses if the direction of price movement does not meet your expectations.

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Citadel of Trading