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What is Pip, Tick?
What is Pip, Tick?
In Forex markets, pip is the smallest price step. The full opening is point in percentage. In the majority of the parities, one pip is one tenth of the price of the corresponding currency pair. The concept of pip is often used in profit / loss calculations or spread calculations in forex markets. The concept of pip is also expressed as tick in forex transactions. Tick is also the last step in the price.
PIP CALCULATION – TICK CALCULATION
QNB Finansinvest The spread between the buying and selling prices of the forex traders trading on the Metatrader 4 platform is called spread. This difference is calculated in pip. If you need to go through the following screen display; The 0.00003 value resulting from 1.12195 – 1.12192 is read as 0.3 pips.
Tick is 3 ticks. Some of the instruments traded on the Forex market are priced at 5 digits, so the last house is ticked. For example, suppose gold prices are 1380.20 – 1380.40. In this case the difference between the two prices is specified as 0.20 pips and 20 ticks.
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Forex Companies
Forex Companies
As is the case on the stock exchange market, you can also perform transactions on the forex market by intermediary institutions. But forex companies are much different than stock brokerage firms. Forex companies are building links with the market. Borsada has many relativities as well as conveying your orders to the market.
As a result of the inspections brought to the Forex market in 2011, brokerage houses started to be audited and fraudsters who introduced themselves as brokerage houses were cut off. Forex companies have become more reliable as a result of supervision and provide investors with the best investment experience. At the same time, it began to be offered in services such as informing investors.
Which Features Should be Seen in Reliable Forex Companies?
In order to be able to mediate Forex transactions, it is necessary to obtain a certificate of authority from the Capital Markets Board. While you are looking for the best forex broker for your company, please consider the license status of the relevant company.
The number of forex brokerage institutions servicing over the platforms that are registered to the CMB and easy to use is increasing day by day. We are testing these trading platforms and customer service of brokerage houses for you investors. Reports prepared in line with our findings will help you find an intermediary institution audited by CMB. From the best forex companies you can read the reviews we have prepared to choose the one that suits you.