I would like to clarify a question about SL & TP.
When you put on a trade do you add your spread into your TP....so if i have a 6 pip spread on gj, would I put in 56 for my TP or just use 50?
Also do you do the same for SL and subtract the spread..so I would actually use 44 instead of 50?
I just wonder if that is just being too detailed. Should I even worry about the spread and just put in 50 or 30 depending on the pair and eat the spread in the profits.
Hope that makes sense.
When you put on a trade do you add your spread into your TP....so if i have a 6 pip spread on gj, would I put in 56 for my TP or just use 50?
Also do you do the same for SL and subtract the spread..so I would actually use 44 instead of 50?
I just wonder if that is just being too detailed. Should I even worry about the spread and just put in 50 or 30 depending on the pair and eat the spread in the profits.
Hope that makes sense.