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Fractional Pips

Fractional Pips

Richard Krivo, Trading Instructor

Instructor's Response:

You are welcome...

The only exception would be on the JPY pairs. On each of those pairs the third place to the right of the decimal is the fractional pip.  In all other pairs, the fractional pip occupies the fifth place to the right of the decimal.  Check the graphic below for an example of each type of pair.  For purposes of illustration, the fractional pip in each example is inside of the red box.


Also, you may find the link below to be helpful as it will take you to Daily FX for Beginners and a more detailed overall explanation of Pips.


http://www.dailyfx.com/forex/education/learn_forex/the_basics/making_a_forex_trade/2/2009-10-14-0011-What_is_a_Pip_.html

chasrt 11 24 09

 

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