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By far, though, the biggest mistakes have been trading too large for the account size, using high leverage, and revenge trading.Ignored
This was a very great thread to read; maybe it can get a sticky?
3 Mistakes you make over and over again... 23 replies
Do You Make Any of These 7 Trading Mistakes? 25 replies
Crazy broker spreads during NFP 5 replies
Trading Psychology: Mistakes in a Trading Environment 32 replies
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By far, though, the biggest mistakes have been trading too large for the account size, using high leverage, and revenge trading.Ignored
DislikedAfter changing brokers, took a bit of head scratching for me to work out the new one was using points and not pips - duh!Ignored
DislikedYes strictly correct but who uses that $#%&ing stupid term. If your broker uses 5 decimal places, than that is the "point"Ignored
Dislikedwho uses that term? people who are looking at pipette charts! that's who.
you obviously have no idea what a 'point' actually is.
a 3 digit broker still quotes 3 digit points. a 10 digit broker still quotes 10 digit points. so person A looking at a chart where a point represents 0.01 is speaking about something entirely different to someone talking about a chart where a point is 0.001, which is different again to someone talking about a chart where a point is 0.0000001.... see the POINT?
EVERYONE'S chart is quoting points! but not all points...Ignored
DislikedCommon usage also creates convention. Was not arguing about strictures, as I stated previously you are correct but who is using the term pipette?Ignored
QuoteDislikedWow, are there brokers out there quoting to 10 decimal places now, I wasn't aware of that but will accept your word on that. Have only been forex trading for a relatively short time but in other financial instruments like interest rates the convention is that basis "points" are two decimal places.
QuoteDislikedThank you for pointing out a rabbit is not a dog - priceless.
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EVERYONE'S chart is quoting points! but not all points are equal!
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DislikedKind Sir,
I’m trying to show price values (not pip amounts), rounded to “whole pip” values. So far:
For 2 or 4 Digit brokers; do nothing, lucky sods.
For 3 or 5 Digit brokers; int showDigits = Digits – 1
And then test for 5 Digits: if(Point > 0.00001) & for 3 Digits: if(Point > 0,001) to set showDigits = Digits – 3 for the JPY.
Could you tell me, please, if the above take is sound & will do the job for 3 D brokers? Guess that makes Point = 1 for the JPY.
I have seen testing for 6 & 7 Digit brokers. Don’t need it now, but would that be...Ignored
int pointmul = 1; int dig = digits; while ((dig != 2) || (dig != 4)) { pointmul = pointmul * 10; dig--; } pointmul += MathPow(10, Digits);