The cost of doing business: paying the broker
I am only in EURUSD. Spreads range from 0.5 to 4 pips.
I would challenge any trader worth his salt to wait for the spread to drop down below 1 EVERY SINGLE TRADE (unless scalping for a few pips)
Why throw your pips away to the broker?
Yeah, you time the entry... but wait a few extra seconds to save that extra pip...
See the thread I started here to see the difference it makes long term:
http://www.forexfactory.com/showthread.php?t=268564
Best,
Tom
I am only in EURUSD. Spreads range from 0.5 to 4 pips.
I would challenge any trader worth his salt to wait for the spread to drop down below 1 EVERY SINGLE TRADE (unless scalping for a few pips)
Why throw your pips away to the broker?
Yeah, you time the entry... but wait a few extra seconds to save that extra pip...
See the thread I started here to see the difference it makes long term:
http://www.forexfactory.com/showthread.php?t=268564
Best,
Tom