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The Precise Naming of Decimal Fractions of a Dollar (In Trading)
Hello everyone,
I have a question about the precise naming of small decimal parts of a standard currency, like the US Dollar (USD), as decimal precision is crucial in trading and leverage calculations.
We know the basics:
$0.02 is called "Two Cents."
My question is: What exactly is the correct term for an amount like $0.007? This figure is clearly less than one full cent (0.01).
In our professional trading community, which term do you believe is the most accurate and appropriate to use?
Seven Mills (Seven Mills), which is the old official name for the theoretical 0.001 unit.Seven Tenths of a Cent (as 0.007 is 7/10 of 0.01).Do we simply call it "Seven thousandths" and treat it as a pure accounting/numerical value that isn't commonly spoken?
Which term do you think offers the best precision for price analysis and discussion on trading platforms?
$BTC $BIO $BNB
#Binance #Market #CryptoMarketAnalysis #Mil #Cents
I have a question about the precise naming of small decimal parts of a standard currency, like the US Dollar (USD), as decimal precision is crucial in trading and leverage calculations.
We know the basics:
$0.02 is called "Two Cents."
My question is: What exactly is the correct term for an amount like $0.007? This figure is clearly less than one full cent (0.01).
In our professional trading community, which term do you believe is the most accurate and appropriate to use?
Seven Mills (Seven Mills), which is the old official name for the theoretical 0.001 unit.Seven Tenths of a Cent (as 0.007 is 7/10 of 0.01).Do we simply call it "Seven thousandths" and treat it as a pure accounting/numerical value that isn't commonly spoken?
Which term do you think offers the best precision for price analysis and discussion on trading platforms?
$BTC $BIO $BNB
#Binance #Market #CryptoMarketAnalysis #Mil #Cents
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