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Reasons for EURUSD 600 pips drop 22-Jul-2014
forex_trader_169857
Member Since Dec 31, 2013
170 posts
Jul 23, 2014 at 14:21
(edited Jul 23, 2014 at 14:39)
Member Since Dec 31, 2013
170 posts
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.
Jul 24, 2014 at 19:02
Member Since Jul 22, 2014
36 posts
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 😇|
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