Dollars (or other currency)— a plain, informative, and tangible measure of the trade's success. After all, earning money is every trader's goal when they start buying and selling currencies. The benefit of using this metric is obvious. The negative side is that it makes impossible to comp...
These are pips meaning depend on different decimal places. Why pips are important in forex trading? Pips are important to measure the distance market travelled from one price to another price. Pip value matters because it affects risk. If you don’t know how much a pip worth, you can’t ...
The 0.01% value is also referred to as a basis point (BPS). A BPS is an ordinary unit of measure for interest charges and their financial percentages. A single BPS is equivalent to 0.01%, which is 1/100th of one percent. It signifies a percentage variation in the exchange rate. Pips...
How to create a PIP In some cases, employees may think of a performance improvement plan as a negative measure or a punishment rather than a supportive tool. That makes it extremely important that you know how to effectively craft one. Here’s a detailed section that discusses how to create...
Use the SMART framework to define the objectives your employee needs to meet. Determine how you will measure success. Tip: Determine the Reason for Performance Issues You need to be sure that a PIP is worth the effort. Find out what is causing the poor performance. ...
There is also a tendency, even among veteran traders, that there exists a “Holy Grail” of indicators, one that would create wealth beyond all measure if only the trader or analyst could find it or tinker with an existing formatted system. The issue, however, is that Technical Analysis (...
We aren’t too clear on how manufacturers measure control. Control should probably be how easy it is to block, return a serve, and generally move the ball where you want. However, in practice, it seems that control is mostly just the inverse of speed and spin. That is, the less speed...
The Stochastics indicator is among the most popular technical indicators and it measures the momentum of price. Learn how to use it in Forex trading.
a move nearly four times larger than the 70-pip trading range prior to the announcement. (A pip is the smallest measure of change in a currency pair in the forex market, and since most major currency pairs are priced to four decimal places, the smallest change is that of the last decima...
Rates can reverse quickly during times of high volatility, even after waiting for a pattern to set up. This is why it is essential to have a stop in place. How Does Nonfarm Payroll Affect the Stock Market? Nonfarm payrolls (NFPs) are the measure of the number of workers in the United...