BTC USD 84,806.3 Gold USD 4,285.46
Time now: Jun 1, 12:00 AM

List 5 Decimal forex broker. ( Best for scalping)

5 decimal broker



Until recently, all Forex quotes had 4 digits. It was easy to use and simple to understand because the last digit also signified how much a pip (also known as a point) was worth. But recently, many brokers have turned to 5 digit Forex quotes with the last digit signifying a partial pip. This trend seems to be catching on but there are still brokers that only use 4 digit quotes.

The question is, what are the pros and cons of working with a 5 digit Forex broker? What should you do?

Pros:

- A 5 digit quote is more accurate. There is more room to play as the prices can be broken down further. You can choose to play with half-pips or any other partial amount and this does allow traders, especially scalpers, more room to play with.

- Big traders can enjoy more favorable spreads. Now that partial pips have come into play, big traders can get a discount from 2 pips on a major currency pair to a 1.8 pip spread. This may not seem like much, but when you're trading big sums, this can translate to thousands of dollars in savings on spreads. Not such a bad thing at all.

Cons:

- Traders who are used to 4 digits quotes may find the new quotes a big confusing. It does take some time to get used to and you may make a few mistakes in the first few trades. However, I doubt that it will take you too long to get the hang of things as the general rules of trading have not changed one bit.

- If you're using an EA (Expert Advisor) program or an automatic trading robot and your broker has decided to switch to 5 digit quotes, you may have trouble working with your software for much longer. Therefore, it is important to check with the developer of your system whether they have an update to use with 5 digit brokers and to test out your EA or robot extensively with the new quotes.

It seems to me that there is no point in resisting the tide as it seems that 5 digit quotes are where the Forex market is going. You can trade in pretty much the same way with the new quotes and still thrive.

google translate :)cgrock

translate.jpg
 
Last edited:
Mai pakat2 trade 5 decimal
ada 2 recommended broker by cg ni UWCFX and Exness
 
sape2 yg nk buka akaun exness ni,klik je kat bawah tue..:D:D:D
:)cgrock:)cgrock:)cgrock:)cgrock:)cgrock:)cgrock
 
Go market
Broco - utk akaun broco investor
Fxcm micro

p/s: recommended broker kat cg exness saja yang 5 decimal
 
Last edited:
Syorkan yang trader2 yang suka scalp guna 5 decimal broker
Kalau trader2 luar negara yang jenis scalp memang ramai pilih 5 decimal
Malaysia ni agak ketinggalan or dlm erti kata lain kebanyakan 5 decimal broker memerlukan jumlah minimum deposit yang besar... agak kurang 5 decimal broker yg minimum depositnya kecil.

Para trader basket trading kebanyakan semua guna 5 decimal broker
 
Syorkan yang trader2 yang suka scalp guna 5 decimal broker
Kalau trader2 luar negara yang jenis scalp memang ramai pilih 5 decimal
Malaysia ni agak ketinggalan or dlm erti kata lain kebanyakan 5 decimal broker memerlukan jumlah minimum deposit yang besar... agak kurang 5 decimal broker yg minimum depositnya kecil.

Para trader basket trading kebanyakan semua guna 5 decimal broker

mmg best pakai broker 5 decimal ni bos, skrg ni kita hentak kat exness je lah :)paid
 

Latest Posts

Live Forex Chart

Currency
Rates
EUR / USD
1.13910
USD / JPY
157.285
GBP / USD
1.32505
USD / CHF
0.82827
USD / CAD
1.41455
EUR / JPY
179.163
AUD / USD
0.70460
Back
Top
Log in Register