Is the spread of foreign exchange based on the penultimate decimal place? For example, the price of gold is 128 1.95, and there is a price difference of 40 points in the transaction. If you buy more, the price will be higher. The foreign exchange spread is only because of the variety. First of all, what kind of fluctuation of a currency is a point:

A point is the smallest fluctuation unit of a currency pair or commodity.

For example, the quotation of European and American currency pairs used to be four decimal places, and the last one jumped by one unit to be a point, such as 1.3 105, and the last five jumped by one unit to be a point; Now it's a five-digit quotation, but the penultimate one is a point, such as 1.3 1533, and the penultimate one is a point. If it is 1.3 1550, then the number of fluctuating points is 3 1550-365433.

The Australian dollar is also a five-digit quotation, and the fourth place floats by one unit, such as 0.90656.

The Japanese yen is quoted with three decimal places, and the second place is calculated, such as 99.657;

Gold quotation has two decimal places, which is different from foreign exchange, starting from the second place; For example, the fluctuation of 1280.00 is 1280.50, which means an increase of 50 points;

Generally speaking, the foreign exchange spread is the difference (buying price-selling price) reported by the platform. This is the revenue of the platform or one of the costs of investors. It does vary with different currency pairs and economies. For example, generally speaking, there are two spreads in Europe and America, three spreads in Japanese yen, three spreads in Australian dollar and 30 spreads in gold.

According to the above spread, if you make multiple currency pairs or commodities, the market must at least add the above cost points to your entry price to break even;