Latest / The Trading Floor with David Axtell
Reading the Screen: Quotes, Pips, and What the Numbers Mean
Episode 4 completes Part I: Foundations by teaching listeners how to read and understand foreign exchange quotations. David Axtell breaks down the fundamental mechanics of FX quotes, explaining base versus quote currencies, pip calculations, bid-offer spreads, big figure conventions, and common mistakes that even experienced professionals make.Base and Quote Currencies (4 minutes)Pips and Pipettes (4 minutes)Bid-Offer Spreads (4 minutes)Big Figures and Abbreviated Quotations (3 minutes)Direct vs Indirect Quotations (2 minutes)Common Mistakes and How to Avoid Them (3 minutes)By the end of this…
The skinny
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