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Thread: How come my trades ends in fractions

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    Cool How come my trades ends in fractions

    Hello, Please I will like to make an enquiry. All my trades except eur/usd ends in fractions. For example if I make 20 pips profit trading 0.1 lots I guess my profti should be $20, but in trades other than eur/usd it gives me profit like $19.15 or so. Why is this so, cos I believe that 1 pip in 0.1 lot should be $1.


    sm_smile

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    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Default

    Quote Originally Posted by goldenbody View Post
    Hello, Please I will like to make an enquiry. All my trades except eur/usd ends in fractions. For example if I make 20 pips profit trading 0.1 lots I guess my profti should be $20, but in trades other than eur/usd it gives me profit like $19.15 or so. Why is this so, cos I believe that 1 pip in 0.1 lot should be $1.


    sm_smile
    Price of 1 pip is different for each pair. For example 1 pip with SILVER with 0.1 lot = 5$.
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    Denis Peganov
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    FXOPEN NZ LIMITED
    E-mail: [email protected]
    http://www.fxopen.com/

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    Quote Originally Posted by goldenbody View Post
    Hello, Please I will like to make an enquiry. All my trades except eur/usd ends in fractions. For example if I make 20 pips profit trading 0.1 lots I guess my profti should be $20, but in trades other than eur/usd it gives me profit like $19.15 or so. Why is this so, cos I believe that 1 pip in 0.1 lot should be $1.


    sm_smile
    Not exactly my brother, every currency pairs has different prices. I think most of the volatile currencies has $1 price while most others have less price.

    That is how it exists for most brokers

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