Low Spread Forex Brokers in Singapore
As an important financial hub in Asia, Singapore has become one of the major expansion areas for global forex brokerages. There are many top-notch brokers settling in the area, creating a distinctive market with its variety of trading conditions for clients.
Low spread is undoubtedly one of the most sought-after features from a forex broker. Thus, we specifically put together a list of forex brokers in Singapore that provide low spread. Check the list below.
Scroll for more details
How a fixed rate system eliminate the risk of transaction spreads?
In a fixed exchange rate system, the deposit and withdrawal rates remain constant, eliminating the risk of transaction spreads. As a result, traders do not need to worry about spreads, and the rates remain constant, ensuring that the spread cost is eliminated. This provides traders with more predictable and transparent transaction costs.
Continue Reading at 3 Reasons Why Broker's Fixed Rate is Good for You
Why do scalpers need low spreads?
A scalper can open and close 30 positions in a day. Say the broker charges a spread of 3 pips for every position, the profit average is 5 pips, the loss average is 3 pips, and the scalper makes 20 winning trades and 10 losing trades. The total profit and loss without the spread are:
(20 x 5) - (10 x 3) = 70 pips
If the spread is charged:
((20 x 5) - (10 x 3)) - (30 x 3) = -20 pips
The result is disappointing, right? Although they have made twenty profitable trades, the total profit/loss turns to minus once the spread is applied.
Continue Reading at The Secrets of Successful Scalping Strategy
How to find out if my broker marks up the spreads?
Believe it or not, you can ask the broker directly. Some ECN/STP brokers openly state that they mark up spreads because they feel they have the right to do so.
You can also check the authenticity of spreads from an ECN/STP broker that (perhaps) covers up its spread mark-up by directly comparing the broker's spread with the actual market spread.
Continue Reading at Forex Broker Cheats and How to Anticipate Them
Why is spread important in scalping?
Scalping should only be used on an account with low spreads. If the EUR/USD bid price is 1.19610 and the ask price is 1.19620, then the spread of that pair is 1 pip, about 10 percent of a scalper's profit target if they intend to gain only 10 pips each trade.
If you aim for a few hundred or a thousand pips, one pip may seem minuscule. But that one pip can be a huge part of your trade if you only aim for 10-20 pips.
Continue Reading at Simple Scalping Strategy with EMA
Others Lowest Spread
-
Lowest Spread Forex Brokers For Major Pairs
-
Lowest Spread Forex Brokers For Cross Pairs
-
Lowest Spread Forex Brokers For EUR/USD
-
Lowest Spread Forex Brokers For GBP/USD
-
Lowest Spread Forex Brokers For USD/JPY
-
FSC Regulated Forex Brokers with the Lowest Spread
-
Seychelles Forex Brokers with the Lowest Spread
-
VFSC Forex Brokers with the Lowest Spread
-
Low Spread Forex Brokers in Malaysia