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Reasons for EURUSD 600 pips drop 22-Jul-2014

Prachait Saxena (prachait)
Jul 23 2014 at 06:29
36 posts
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
Jul 23 2014 at 06:49
170 posts
Maybe there's a problem with your broker. The range on my broker was only about 70 pips.

Prachait Saxena (prachait)
Jul 23 2014 at 10:06
36 posts
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
Jul 23 2014 at 13:44
170 posts
Yes, the high of my broker was 1.35290 and the low was 1.34590 so the range of the day was 70 pips.

ClassicTrader
fxnew
Jul 23 2014 at 14:07
62 posts
I think his broker has 5 decimal price.that's way 600 pips not 60.so there is no problem with the broker.

MyFxTrader
Jul 23 2014 at 14:21
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.

Prachait Saxena (prachait)
Jul 23 2014 at 19:21
36 posts
:) 😲 😐 Thanks |

Forex - Currency Trading is for Living |
Prachait Saxena (prachait)
Jul 24 2014 at 19:02
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 😇|

Forex - Currency Trading is for Living |
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