Can I trade below 1 cent on Forex?
If you understand this question, I have a theory about pips from gambling theory curious george.
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Tagged with: cent • curious george • Forex Questions • George • pips • question • theory
Filed under: Trading Forex
The smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point – for most pairs this is the equivalent of 1/100 of one percent, or one basis point.
For forex futures, the smallest price change is 1 cent.
Trading Live with that much of money is not possible. Well you can try demo accounts where no money would be involved and you could practice forex for free.
Thanks