trading automatique forex

[edmBusey]

Pips are points, or nominal currency change. A variety of instruments, or so-called currency pairs, are quoted with diverse accuracy,
or different number of characters in their quotations. Most of the currencies are quoted with the accuracy of 0.0001, but some of them,
for example YEN has cross-rates with the accuracy of 0.01. Usually Quotations are given in contracted form because big figures of quotations change gradually.

[jen]

Originally Posted by edmBusey

Pips are points, or nominal currency change. A variety of instruments, or so-called currency pairs, are quoted with diverse accuracy,
or different number of characters in their quotations. Most of the currencies are quoted with the accuracy of 0.0001, but some of them,
for example YEN has cross-rates with the accuracy of 0.01. Usually Quotations are given in contracted form because big figures of quotations change gradually.

Right. But wasn't it apt that the currencies are quoted in multiple decimal accuracy, for otherwise the traders trading in thousands would stand to lose even hundreds of dollars/money if the accuracy is even .001% skewed!

[bestforexpartners]

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