Reasons for EURUSD 600 pips drop 22-Jul-2014

Jul 23, 2014 at 06:29
Przeglądane 497
7 Replies
Uczestnik z Jul 22, 2014   36 postów
Jul 23, 2014 at 06:29
Hello,

Please share the expected reasons for EURUSD 600 pips drop 22-Jul-2014
and a vibration for 1500 pips in the mid afternoon.

Waiting for the reply.
Prachait
Forex - Currency Trading is for Living |
MyFxTrader
forex_trader_169857
Uczestnik z Dec 31, 2013   170 postów
Jul 23, 2014 at 06:49
Maybe there's a problem with your broker. The range on my broker was only about 70 pips.
Uczestnik z Jul 22, 2014   36 postów
Jul 23, 2014 at 10:06
MyFxTrader posted:
Maybe there's a problem with your broker. The range on my broker was only about 70 pips.

Humm | Is there any way, to cross check this ?

Prachait
Forex - Currency Trading is for Living |
MyFxTrader
forex_trader_169857
Uczestnik z Dec 31, 2013   170 postów
Jul 23, 2014 at 13:44
Yes, the high of my broker was 1.35290 and the low was 1.34590 so the range of the day was 70 pips.
fxnew
forex_trader_169333
Uczestnik z Dec 26, 2013   62 postów
Jul 23, 2014 at 14:07
I think his broker has 5 decimal price.that's way 600 pips not 60.so there is no problem with the broker.
MyFxTrader
forex_trader_169857
Uczestnik z Dec 31, 2013   170 postów
Jul 23, 2014 at 14:21 (edytowane Jul 23, 2014 at 14:39)
fxnew posted:
I think his broker has 5 decimal price.that's way 600 pips not 60.so there is no problem with the broker.

The 4th digit after the decimal is known as pips regardless if its 5 decimal quote or 4 decimal quote. 1 pip = 10 points. If its referred to as 600 on a 5 decimal quotes broker, then it's called 600 points not 600 pips.
Uczestnik z Jul 22, 2014   36 postów
Jul 23, 2014 at 19:21
:) 😲 😐 Thanks |
Forex - Currency Trading is for Living |
Uczestnik z Jul 22, 2014   36 postów
Jul 24, 2014 at 19:02
MyFxTrader posted:
fxnew posted:
I think his broker has 5 decimal price.that's way 600 pips not 60.so there is no problem with the broker.

The 4th digit after the decimal is known as pips regardless if its 5 decimal quote or 4 decimal quote. 1 pip = 10 points. If its referred to as 600 on a 5 decimal quotes broker, then it's called 600 points not 600 pips.

Its 600 Points | Thanks for teaching me | I have learned the difference 😇|
Forex - Currency Trading is for Living |
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