What is a ‘big figure’
A large number of stem, or whole dollar price, price quotes. The term “big figure” is most often used in international currency markets, where it is often shortened to “big Fig”. In the US, the big figure is also referred to as “handles”.
Breaking down the ‘big figure’
A large number, usually omitted when traders offer quotations in very dynamic markets such as the interbank foreign exchange market, because it is assumed that it is well known and needs no clarification. For example, suppose that the Japanese yen is trading against the US dollar on the interbank market at 85.50 (BID) / 85.55 (offered). While the big figure here is 85, interbank traders will quote the price to 50 / 55.
At that time, as large number is common practice in the interbank and institutional markets, it is rarely done when dealing with retail investors. Even in the interbank market, traders may need to clarify on the big picture in those cases when the exchange rate moves very quickly, such as during the intervention currency for Central banks. A high figure may also need to clarify when the exchange rate approaches round numbers, such as 86.00 yen or 1.3500 euros to the U.S. dollar.
As A Large Number Of Deals Job
A large number of transactions tend to take advantage of the limits of retail investors. With the right strategy, trading for retail investors Forex trading can be quite profitable. The market often trades at levels that are critical at different times, which may be related to a Fibonacci level or even trend. But sometimes, it can also be Forex large figures.
Forex traders often see one-way traffic – and sharp intraday price movements. As the price reaches a critical level, traders often think that it can’t go higher, so traders begin to take short positions near this critical point, but it is not always appropriate, as dealers will take you out. Traders need to outwit traders.
One strategy for making a big figure trade
• The best way to make a big picture of Forex trading is to define markets that move in one direction and to the sides. These trends will help you to find the goals that are obvious.
• A set of orders so that you can continue to make quick pips. To sell intelligently, on various stops, in order to make 1, 5 or 10 pips.
• This type of trading works in most cases and therefore is less risky. Even if you lose, you know how much.
• If the transactions are not more than 15 minutes.