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MqlRates spread gives spread on pips ?

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Azkron
25
Azkron  

I am an experienced programmer but I am new to FX trading.

When I check the .spread property in a MqlRates instance I always get whole numbers like 2 or 7, but then if for instance it is 7, does that mean that the spread is 7 pips ?

Alain Verleyen
Moderator
35118
Alain Verleyen  
Azkron:

I am an experienced programmer but I am new to FX trading.

When I check the .spread property in a MqlRates instance I always get whole numbers like 2 or 7, but then if for instance it is 7, does that mean that the spread is 7 pips ?

It's in points.
Azkron
25
Azkron  
Alain Verleyen:
It's in points.

Ok Thanks, Also does that mean that the market has to go at least X points up or down to make a profit ?

Alain Verleyen
Moderator
35118
Alain Verleyen  
Azkron:

Ok Thanks, Also does that mean that the market has to go at least X points up or down to make a profit ?

Yes by definition of spread in Forex.
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