The Ultimate Forex Predictor?

Question

Is there somebody who has experiences with the programme The Ultimate Forex Predictor?

If yes - what means "staking at £10 a pip" then? Does it means that what you have earned is calculated by multiplying the pip with the staking?

Answer 1

£10/pip means for a 1 pip move up or down you will make £10, if it goes in the direction that you predicted.

e.g.

Take the pairing GBP/USD, Pound against the dollar

if £1 = $1.9727 when you bought it . And it goes up to

£1 = $1.9728 , i.e you have just realised a 1 pip gain then you make £10.

But if it was to go:

£1 = $1.9726 then you lose £10.

This is very simplistic because you have to add the spread to ti as well.