What’s a pip in forex trading?

February 4, 2022 by enaamari

A new Forex trader might have heard of the terms “pips,” “points,” “pipettes,” and “lots” used around. This article will explain what pips are and show you how their values are calculated. Pip is an acronym for “price interest point” or “percentage in point.” A pip is the smallest price move adjustment that an exchange rate can have on the forex market platform. Most currency pairs are valued out to up to four decimal places. For instance, the smallest move the USD/GBP currency pair can make is $0.0001.

Working of PIP

A pip is a basic unit of forex trading. Pips measure movement in the exchange of currency rates. Since most currency pairs are associated with a maximum number of four decimal places, the smallest of changes for these pairs is 1 pip. A single pip can be calculated by dividing 1/10,000 or 0.0001 by the exchange rate. A pip is mostly the last decimal place holding of a price quote.

Examples of pip,

A Forex trader who wants to buy the USD/CAD pair would be buying U.S. dollars and simultaneously selling Canadian dollars.

Exceptions

Japanese yen (JPY) pairs are quoted with 2 decimal places, marking a notable exception.

For currency pairs such as the EUR/JPY and USD/JPY, the value of a pip is 1/100 divided by the exchange rate. For example, if the EUR/JPY is quoted as 132.62, one pip is 1/100 ÷ 132.62 = 0.0000754.

Fractional Pips

At the end of each price, the superscript number is the Fractional Pip, 1/10th of a pip. The fractional pip provides an even more accurate indication of price movement.

Explanation

A combination of hyperinflation and devaluation of currency can push exchange amounts to the point where they become uncontrollable.

The best known historical example of this occurred in Germany when the exchange rates collapsed from the pre-World War I leveled at 4.2 marks per dollar to 4.2 trillion marks per dollar in November 1923.

Another case is the Turkish lira problem, which reached 1.6 million per dollar in 2001. It was a dire situation, and many trading systems could not work properly.

The government removed the last six zeros from the exchange rate and renamed the Turkish lira. As of January 2021 and throughout the year, the average exchange rate is more reasonable at 7.3 lira per dollar.

Frequently asked questions

What is reciprocal currency?

A reciprocal currency in the forex exchange market is a currency pair that involves the U.S. dollar (USD) without the USD serving as the base currency of the currency pair.

What Is Decimal Trading

in Forex exchange?

In this system, the price of a security pair is quoted in a decimal format, instead of the older format that uses fractions.

What Is a Quote Currency in Forex exchange?

A quote currency, is also known as “counter currency,” is the second currency to base currency in a direct and indirect currency pair.

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Hit It Rich! Slot Game

January 25, 2022 by enaamari

Hit It Rich! is an online social network casino game that lets players compete against one another in order to become the richest person on the planet. You can play it for free or buy extra features to increase your chances of becoming a billionaire. It is also available on Facebook, where it is a freemium game. If you want more money, you can spend it on extra features like VIP status. There are many ways to make money from this game, and the more you play, the better!

You can win a lot of coins by playing Hit It Rich! on Facebook and Android devices. There is no need to unlock additional games in the lobby. You can play all five reel slots in the casino with no registration. There are also many versions of the game available for mobile play on Facebook or iOS. You can play these games without spending any money. However, you may have to wait for the jackpots to accumulate before you can start playing.

The free coins in Hit It Rich! Casino can be collected by following links provided by the game developer. This way, you can play brand name slot games for free without having to spend any money. It is also available for mobile devices, which makes it convenient for people who use their smartphones and tablets to enjoy playing it on the go. Moreover, this game can be played on Facebook, Android and iOS. The developers have included many features to make it more user-friendly and enjoyable.

The Hit It Rich! Casino Slots has many great features for players to enjoy. The jackpot is huge, and you can win real money. Besides, you can earn bonus coins for sharing your winnings with friends and relatives. Besides, the game has a social element which can help you share your success with other players on Facebook. The game even allows you to share your success with your friends on Facebook. This way, you can send them bonus coins that you have won.

Hit It Rich! offers many five-reel slots. There are no unlocking requirements, and you can play them all at once. The themes vary, and you can enjoy themed slot machines in the lobby. The casino also offers tournaments, but the payouts are limited. The bonuses in the Hit It! are worth the effort. There are many other benefits in this casino slot game. Aside from the free coins, you can also get other free bonuses and special promotions.

The Hit It Rich! casino slot game is a collection of five-reel slots. The most notable feature is that you can play up to three games in one sitting. You can play this game for free without any restrictions. This casino is easy to play and has a lot of popular features. The slots are incredibly entertaining to play and are great for players of all ages. You can even earn some money playing in a tournament.

How to Choose the Best Slot Game App for Your Phone

If you have an iPhone or Android smartphone, you’re probably wondering what the best slot game app is. The best option is a social app that lets you play slots with your friends, or challenge rivals. These apps are easy to use and require no installation. You can download the games to your phone and play them anywhere you want. They even come with a variety of features that make them even more fun. Read on to find out which one is right for you.

When deciding on the best slot game app vegas99bet for your phone, consider the following things. It should offer a variety of slots. You can also choose between different betting limits, which is a good feature if you are a high roller or a low roller. In addition, it should provide a large selection of games. Free play is important, but if you don’t feel comfortable playing for real money, don’t use it. It can be a time-consuming and frustrating experience. A smooth, uncluttered interface will be a major factor in your choice.

Another important factor when choosing the best slot game app is security. You won’t want to play slots with lags, as this is a huge source of unnecessary stress. Additionally, you should look for real bonuses on the app, such as deposit bonuses or in-play bonuses. These bonuses will be more rewarding and make it even more enjoyable to play. There are also many other features to look for in a slot game app.

The best slot game app should also be compatible with your operating system. The app should be compatible with your phone’s platform, and should offer a wide variety of banking options. If you have an Android device, you’ll want to ensure that it supports that platform. Otherwise, you’ll be stuck with an app that’s not compatible with your device. The best slot game apps also offer great user interfaces. The games should also be compatible with the latest version of your operating system.

When choosing a slot game app, you should focus on the payout percentage. A higher payout percentage will help you win more money over the long run. A better payout percentage is important in both iOS and Android devices, so if you’re looking for the best slot game app, you’ll want to select one that meets these criteria. If you don’t have an iOS device, you’ll also want to check whether the application is compatible with your operating system.

The best slot game app for Android should offer a variety of styles. These games are purely random, so be prepared to wait for the jackpot to appear. The best ones will have multiple themes and be fun to play. You’ll also be able to win real cash if you’re patient. Once you’ve made the right choice, you can get started playing. This can be as fun as playing your favorite slots on your Android device.

The Five Most Effective Ways to Conserve Electricity

January 25, 2022 by enaamari

It’s summertime, it’s hot, and the use of electricity is increasing just in line with the heat. When we start looking in the direction of ways we can cool ourselves and cool down, we are often looking at ways to reduce energy consumption simultaneously. There are plenty of methods to reduce some of your consumption (and we would recommend taking advantage of every opportunity you can) We want you to be aware of five most efficient methods to save electricity this summer!

Why Conservation is Important ?

In addition to the obvious impact that conservation can have on your family knowing the most efficient ways to reduce energy consumption at home can be helpful to the electric grid of the state in general. If and when the summer heat, along with a higher power consumption is close to exceeding the threshold for electricity reserves set by the Electric Reliability Council of Texas (ERCOT) and we are close to crossing the threshold, we may be required to conserve energy. If ERCOT will issue an appeal to Texas residents to save energy, it is important to ensure that you are aware of what efficient strategies are the most efficient.

1. You can turn the AC into 78 ° or the highest you can endure it.

Although GVEC has always advised setting your AC at 78 degrees in the summer months to keep your summertime expenses at a minimum It is also among the best ways to save energy. Turning the setting down 3 or 4 degrees will help. Keep in mind that the smaller the difference between outside temperature and the temperature set within your home and the greater energy you’re conserving!

2. Do not shower during the time between 3 p.m. between 3 p.m. and 7 p.m.

There are several reasons why this technique is efficient in conserving energy. Water heaters, for instance, require a significant amount of energy. Additionally, the period between p.m. between 3 and seven p.m. is the time where the need for energy increases. This is due to the fact that it is typically the most hot time of the day. More households are in residence at this time, and households generally consume a large amount of energy during this period.

3. Wash your clothes in cold water. Do not dry or wash your clothes during the time between 3 p.m. between 3 p.m. and 7 p.m.

The reason for this is similar to those mentioned in the previous paragraph. When washing your laundry in cold water won’t take more energy from the water heater when you use your washing machine. This is a fantastic electricity savings tip at any season. Dryers for clothes consume plenty of energy, and late afternoon and evening is when the usage is typically high. Utilizing as little energy as is possible during peak demand times can help to reduce pressure on the grid.

4. Do not run dishwashers or pool pumps until the night before.

You’re sure to know the reason! This is repeated due to the importance. The operation of this equipment as well as the hot water required to wash dishes during periods of high demand can add to a strain upon the grid. The reduction of the strain on the grid in peak times is vital in the case of ERCOT sending out an appeal for conservation to the public.

5. Beware of heating your home’s interior by cooking outdoors.

In fact, not using the electric oven can save you money, however this is especially beneficial to those with gas stoves too. Whatever oven you own cooking in it, the heat generated by cooking within can warm your home. This results in your AC to consume more energy in order to cool your home to the temperature that your thermostat is set to. Cooking outdoors can help keep your home cooler and conserve energy. Grilling is among of the most enjoyable summer activities you can kill two birds by a stone (and you can then enjoy the leftovers for dinner).