What Is A PIP

The smallest amount each Currency pair can move is called a PIP (Percentage In Point). For most Currency pairs this movement is reflected in the fourth decimal point, 0.0001. The main exception to this are Currency pairs involving the Japanese Yen (JPY) which is quoted to two decimal points, thus a 1 PIP movement is 0.01. For example, if EUR/USD was to move from 1.3480 to 1.3495 or USD/JPY was to move from 88.50 to 88.65 both reflect 15 PIP movements.

When taking a Long position you make money when the value of the Currency pair rises. Conversely, when taking a Short position you make money when the value of the Currency pair falls. These rises and falls are measured in PIPs.

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Forex Hijacker Review

Jason Alexander is the guy behind the Forex Hijacker trading system.

His system is based on trading EURUSD and GBPUSD early in the morning, UK time. There are 3 different approaches which can be applied, all are based on the same straddle and overnight range theory.

It is simple to set the system up and identifying the range is also quite straight forward. Choosing which strategy to employ and whether or not to follow Jason's morning emails has to be decided. We chose to trade the Set & Forget option and also to ignore the morning email, mainly because we agreed to differ with it's content quite often.

For 2 months we traded this system as described above and we made a small loss. To view the results in more detail and read our conclusion please visit our Forex Trading Systems Review Site.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

ReviewTeam

http://www.systemsfortraders.com/

Anytime Trader - Richard Hill Review

Anytime Trader is the 3rd system to be produced by Richard Hill.

The 100+ page manual is well written and even beginners should be able to pick up and use this 100% mechanical system without much of a problem. It is recommended that the system is traded between 10:00 and 10:45 or 13:00 and 16:45 UK time. The instrument of choice is EURUSD on the 15 minute candlestick chart. Stops and Targets are fixed and mean that the Risk:Reward works out at 1 to 1.75.

Although we ended up with a slight loss in January when we used this system this was not the fact that put us off this 3rd offering from the same author ...

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 80 others.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

ReviewTeam

http://www.systemsfortraders.com/

Forex 121 Review

This Forex signal service is run by Dam Armitage. Although it is advertised as a Signal service it is in fact a little more than this as it also includes an educational aspect which is then used in conjunction with the signals.

This service comes at a cost - There is a one of cost of £997 for the education and the service is around £100 a month thereafter. Included in this price are Daily Live trading rooms, 1 on 1 Skype mentoring, Q & A sessions, a Weekly Trading school and of course the Signals.

So, the service is expensive but it does include the education (4 different trading set-ups) and many extras which may well suit some. During the time we had access to the complete service we ended up break-even (November 2011). As this was such a short period of time we did decide to provide further coverage, see our Forex 121 Review in full.

Please visit our Forex Trading Systems Review Site to read our full independent review of this service and over 80 others.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

ReviewTeam

http://www.systemsfortraders.com/

Quick Trade FX by Aaron Clarke Review

Quick Trade is a system which claims to take just 5 minutes a day to trade. It looks to take advantage of a simple human error every weekday at

07:00 GMT by trading false break-outs of the USDJPY Currency pair.

It is easy to set up, it's 100% mechanical and even beginners should have no problems picking it up.

After trading the system for a couple of months we ended up just better than break-even, based on 2% risk per trade.

The system is perhaps suited to those completely new to trading who wish to understand the basics of chart reading and order placement and management without, hopefully, losing too much cash in the process - Perhaps making a little!

Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 80 others.

You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.

ReviewTeam

http://www.systemsfortraders.com/