Topics created by Topper Haines

__If you are working with 0.00001 format, then 100 pips are 0.0010 [/quote:3ne61kw0]

This is completely incorrect.

In all pairs containing JPY the pip is 2 places right of the decimal point. GBPJPY 126.800 rises to 126.850 is an increase of 5 pips, not 50.

All other currency pairs the pip is the 4 places to the right of the decimal point. EURUSD 1.29000 falls to 1.28600 is a loss of 40 pips, not 400

1.30010 increase to 1.30015 is half a pip increase and not 5.