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What does TP mean in foreign exchange trading?
In foreign exchange trading, TP means prompt and operation suggestion.
Generally speaking, when the exchange rate fluctuates at the last decimal place, a unit is called a point. For example, the euro/dollar exchange rate fluctuated from 1.3000 to 1.30 10, which means it changed by 10 points. However, some trading platforms quote with 5 decimal places. If it is a platform with 5 decimal places, the change of the fourth decimal place is 1 point.
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