admin answers:

Using the Mtpredictor’s technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we’ll straight away post the signals here in real-time if there’s any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That’s why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..

admin answers:

A “pip” is a fraction of a unit of currency. For instance, the current level of the dollar versus the British pound is $1.9671 per pound. The $0.0001 is called a pip. A forex broker will make a quote $1.9670 bid and $1.9672 offered. In this case, the spread is 2 pips (i.e., $0.0002). If you want to buy pounds, you must pay $1.9672 dollars. If you want to sell pounds, you will receive $1.9670.

So, if you trade frequently, you would prefer a narrow spread, like the one above, to a spread of, say, $1.9500 bid and $1.9700 offered. In the latter case, you need the $/pound rate to move a lot just to break even.