Disliked{quote} Hi, if you trade positively and forget greed, you can live quite easily off 5 pips per trade day. I know i do/did it. 5 points after spread, commissions? is good. As we have heard a million times, good method and stick to it. NO BIG DREAMS, NO GREED..... trade well all, Stay Safe,Ignored
I for one believe that it is more important for me to simply hit my 5 pip target even if .7 of it goes in spread, being as my sole purpose is to gain profit based on the research I have made. We all know most people lose in Forex having to redeposit only to give it another go, and they never complain about the commission which was taken. Us as traders control the faith of our account and I have reached a point in much life where I believe I can hit 5 pips even risking 1% per pip and I can careless if I have to pay my broker 1% if I am expecting to net 4%.
As my TE shows, I have taken massive losses but it only has allowed me to revamp my system in hopes of winning all my orders which end with a .x5 lot order. Hopefully by the end of next week, I will be able to win all of my orders ending with .x5 in hopes of proving that 5 pips is all you need to even earn 5% daily profit if one of those orders arrive.
Hopefully all of you will decide to take this ride with me and even make this an interactive thread where many can profit once they feel as if this is a stable system. Let us see how things end up and stop worrying so much about your spread and how much the broker makes or eats from your profit when clearly you are making way more than they are.
Threesome Daddy
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