Points VS Pips - page 79
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what is it - 64.217 ?
Can I answer that?
i know !!! - that's the price.
What USDRUB ?
Can I answer that?
i know !!! - it's the price.
It's the attitude.
The price is in the shop. You can't buy it there for 64.217 - there's no less than the minimum 0.01. The shop will round it up. And it will be rounded upwards.
Course 64.217
What is a "course" ?
Can I answer that?
i know !!! - it's the price.
For me it is the exchange rate. And if you change 1 dollar to roubles, then yes 0.007 no one will give it away, and if you change 1 million? then it is already 64,217,000 roubles
It's an attitude.
The price is in the shop. You can't buy it there for 64.217 - there's no less than a minimum of 0.01. The shop will round it up. And they'll round it up.
Then I won't pay cash. - I'll pay by card.
then I won't pay cash. - I'll pay by card.
You won't be able to pay by card either - they will charge you 0.003 more to make it even - up to a divisible amount.
The card won't work either - they'll charge you 0.003 more to make it even - up to a divisible value.
Well for a tip - then to them!
What is "rate" ?
The current ruble exchange rate in my terminal.
Of course the penny is not divided. Buy something in a shop in person for half a penny.
And the point - it doesn't have the value of a penny. It can have the value of a minimum change in the quote. It can't go any lower than that.
You are given an example from life that a kopeck is the minimum unit of money.
And the point is, respectively, the minimum unit of the possible change of quote. And the minimum value of change in the quote corresponds to the value of a kopeck - this is another matter.
And if your broker has three-digit quotes, then the value of one pip is probably 0.001 - that's your broker's "kopeck" - the minimum value of a possible quote change. Anything less is no longer available.