Hi guys,
I was demo trading on FXDD on MT4 and after this weekend, things got weird: It is like they added another decimal digit to the pips measurement scale.
For example, before it was a 2 pip spread and now it was a 20 pip spread. However, each unit the price moved up or down was 1 and it was as if it moved 10 pips. So FXDD wasn't showing all the pips. I thought it was weird... Before this weekend it wasn't like this.
Then I made another demo account on Alpari UK and the same was going on (first time I was trading with Alpari, so I don't know what it was like before). But on Alpari, they actually had the charts moving through those "10 new pips" while FXDD only jumped from like 1.3260 to 1.3270. Alpari would go to 1.3262, 1.3264... Not only to the multiples of 10.
So I am including pictures to display what I mean. I think FXDD was using a less sensitive pip scale? I mean, I am finding Alpari to be much better to scalp.
Has anyone ever encountered anything like this on a broker? I am sad that I only found out about this now, because I would be better at practice now if I started demo trading in Alpari before. I will check out other brokers, but can you guys say something on this?
It is the first time I see this type of thing and I never knew before that there where different decimals on different brokers. Why do they do this and what is the advantage with more digits? I think it's better to scalp, but is there a general rule or opinion about this?
Thanks,
Scalpa
I was demo trading on FXDD on MT4 and after this weekend, things got weird: It is like they added another decimal digit to the pips measurement scale.
For example, before it was a 2 pip spread and now it was a 20 pip spread. However, each unit the price moved up or down was 1 and it was as if it moved 10 pips. So FXDD wasn't showing all the pips. I thought it was weird... Before this weekend it wasn't like this.
Then I made another demo account on Alpari UK and the same was going on (first time I was trading with Alpari, so I don't know what it was like before). But on Alpari, they actually had the charts moving through those "10 new pips" while FXDD only jumped from like 1.3260 to 1.3270. Alpari would go to 1.3262, 1.3264... Not only to the multiples of 10.
So I am including pictures to display what I mean. I think FXDD was using a less sensitive pip scale? I mean, I am finding Alpari to be much better to scalp.
Has anyone ever encountered anything like this on a broker? I am sad that I only found out about this now, because I would be better at practice now if I started demo trading in Alpari before. I will check out other brokers, but can you guys say something on this?
It is the first time I see this type of thing and I never knew before that there where different decimals on different brokers. Why do they do this and what is the advantage with more digits? I think it's better to scalp, but is there a general rule or opinion about this?
Thanks,
Scalpa