Travel - Cruises, Hotels And Cheap Airfare May 5, 2009
Posted by Pat in : nothing in particular , comments closedWhen we travel we always tend to look for the best hotel rates as it seems that we are always looking to make the most savings wherever we possibly can. Taking part in world travel is one of the most wonderful and rewarding things that anyone of us could ever do as we look to make contact with people from other cultures, who speak a different language and who possess completely different perspective from ours. We now live in a world that is connected by technology and because we can speak with someone on the other side of the world actually drives us on to be able to visit those places that we can see on the internet every day.
Because we have to travel so far we tend to look for the best cheap airfare tickets as when we look at the amount of monies that we have to spend on our vacations, being able to save some on the amount that we spend on our airfare will make a big difference to the overall cost. There are many outlets and internet resources out there that are now providing expert information on the types of cheap airfare that we can purchase.
As well as looking for the best hotel rates and the best cheap airfare tickets, we also tend to look for the very best cheap cruise tickets as at times we look to maybe take a cruise in between our flights. We may find ourselves in say Europe, and then decide to visit many different islands and this is where the cheap airfare tickets will come into play.
Forex PIP Explained May 5, 2009
Posted by Pat in : nothing in particular , comments closedForex PIP Defined is the smallest increment in price for a currency pair. The Forex pip is an acronym for Percentage in Point. Unlike dollars and cents which are shown with two decimal places, the Forex market currencies are shown with four decimal places. The smallest increment in price which is .0001 is what is referred to as a PIP. For example in the EURUSD the movement from 1.3894 to 1.3895 is one PIP.
The formula to calculate forex pip value is to take one pip and divide it by the price of the currency pair value and then multiply it by one unit which is 10000. You then need to change it to the USD so you multiply it by the current price. For Example Using the USDCAD
(.0001/1.2148) X 10000 = .8232 X 1.2148 = $1.00
You will always see that with any currency pair the pip value is always $1.00 per 10000 currency units. You may think that this value is very low. However you need to take into account that currencies are traded in lots of $100,000.00 which is $10.00 per pip. When you purchase one lot for $10.00 and the currency increases by 3 pips you have gained $30.00.
It is very important that you understand the Forex PIP Explained above as you will be using pips in calculating your profit and losses. Make sure you read this over and over again as The Forex PIP is the basis for trading in the Forex market