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When you diligently track the pip movement, you prepare yourself for the slightest change in the price level. When you follow the market, you can trade easily and quickly earn more money. Financial institutions understand and follow the same track where a trader can invest and earn a profit on capital. Jot down your daily trade. It means that euro's valuation against 1 US dollar is.18. 4 tips to be counted among richest forex traders - Select correct currency pair for trading. Track Pip movement, any negligible price movements that can be identified and carried out, determining profit or loss of the total investment is denoted as Pip. It is not necessary that if you invest a higher amount you will get higher returns or vice versa. The content of this article reflects the authors opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC. If you want to be one of the richest forex traders, you need to learn how to interpret them according to your advantage. But the trade secret to be richest forex traders lies on the fact that in which way you can improve chances of benefiting from the current instruments.