Prices and costs

Prices and costs:

Exchange is made with four decimal places in most cases (except the yen). In the last decimal place is called "pip" or "point". If the quote currency is dollars, then each pip is worth $ 10.00 in a standard account or $ 1.00 dollar a mini account. And if it is U.S. $ supply pip currency amount will vary (see pip calculator account for details). Your dealer makes their money from the difference between buying and selling price, this is called the spread, and higher spreads more movement trader needs to become a break even trade.