Is it possible to place an order with 4 decimals?

Discussion in 'Order Execution' started by lauralb, Jan 29, 2009.

  1. lauralb



    I have tried to place an order using 3 and 4 decimals but was not executed. Is this possible or not?
    Thank you for your conssideration to my post.
  2. gaj


    most if not all retail brokers won't let you.

    why do it unless you're scalping, i don't think there's order flow payment on those cheapies anymore?

    stick to bigger stuff if you're looking @carter's book, materials, etc.
  3. MGJ


    Of course it is possible. But only in some tradeables. Since you didn't say, I'll assume you are trading Forex. Yes it is possible to place an order with 4 decimals in Forex.