Explain Pivot Points to me Please

Can someone please explain Pivots points to me... I know it might be easy, but I am new to Forex and still quite unfamiliar with some terminology...
Thanks a lot....

http://en.wikipedia.org/wiki/Pivot_point

Wow, that was fast
I had a hunch it won't be easy... I guess I'll have to sit down and read, read, read and digest, digest... hahah
Thanks a lot!

Pivot points are tool that actually provides potential support and resistance and helps minimize risk. They use the previous bars' highs, lows and closings to project support and resistance levels for future bars. And this can be calculated by using the previous day's prices to calculate the pivot point for the current trading day.

Thanks a lot, it took a while, but I finally get it..probably :-)
Now I am ready for some serious money making

Then you should go to Babypips.com and go to their school, there you will learn all of the basics about Forex

But keep in mind pivot points fail more often than they work. In forex every ones charts are slightly different since there is no one central data feed.

Pivots are great ! It isn't the pivots that fail..... it's the trader trading them.
Pivots aren't everything of course but can be most helpful without the pain
of constantly "attempting" to draw this or that.....

As an addendum............... I suppose you could say on the following chart
that the support pivots "failed".
At the time, there was no real indication that one should buy at the support pivot.
As is the chart itself, it's only an "indication".

As far as E/U is concerned.... it seems that resistance now lies around .3840
and further support around the weekly S3 pivot @ 1.3700
That may be irrelevant though as there's just 1 trading day left without much
data and the weekly pivots change next week (imagine that !!)

Good Luck