Even for an experienced Forex trader, the term ‘PIPs’ can be quite complex. You’d wonder why common percentages or regular fractional numerals aren’t used on these platforms. However, Pips are a gimmicky expression and easier to use when you have a good understanding of them. Not to worry, this article explains what pips are and how you can count pips while trading gold.
Go one step beyond the traditional engulfing candlestick reversal signal, by learning how to use a more common but little-known “smart engulfing” trade set up.