For example, the minimum unit of USDJPY quotation 120.00 is 0.0 1 yen, or 0.0 1 yen is 1 point. The minimum unit of 0.9800 quoted in GBPUSD is 0.000 1, or 0.000 1 is 1.
"Spread": when the exchange rate changes, the difference of point fluctuation is "spread". For example, when USD/JPY changes from 120.00 to 12 1.00,121.00 =1.00. When GBPUSD changes from 1.0000 to 0.9800, the price difference is 200 points.
Quotation price difference: In foreign exchange transactions, there is a price difference between the buying price and the selling price. For example, when USDJPY quotes 120.00/10,10 is the selling price, 120.65438+. When GBPJPY quotes 185.50/ 185.60, the price difference is 10 point.
Fee spread: convert the fee charged for each transaction into the spread. No matter what currency is traded, the handling fee will be converted into the spread of that currency.
"Point value": the value converted into the currency per 1 point.
Integral value calculation formula = contract unit * minimum change integral unit
The point values of major currencies are as follows:
Usdpy100.0000.01=1000 yen/point.
Uerjpy100.0000.01=1000 yen/point.
Gbpjpy100.0000.01=1000 yen/point.
Cadjpy100.0000.01=1000 yen/point.
Swiss franc yen100.0000.01=1000 yen/point
Uersd100.0000.001=10 USD/point.
Gbpusd100.0000.001=10 USD/point.
USD 65438 per point +000.0000.00 1 = 10 Swiss francs.
The lower the spread, the better. Although it seems to reduce transaction costs, traders will increase commissions, so transaction costs are generally similar to the market level.