A "pip" stands for "Percentage in Point". A pip is the smallest price movement of a traded currency. It is also referred to as a "point". a pip is 0.0001 or 1/100 of a centMost currencies are traded...
Forex has often been touted by many brokers as "commission free" which was often technically true, but perhaps a bit deceiving. While most brokers did not charge commission such as you have in stocks...
If you would like to open a forex trading account, you can try to contact Citi bank. There company will assist you in setting up a free forex trading account.
Forex trading is the trading of national currencies. In other words, the trading of money. The name Forex is derived from FOReign EXchange, which is the worldwide market that deals in currency...