Pip Counts are Irrelevant

Pip counts are completely irrelevant.

Report your return on account balance as either a daily percentage return or a cumulative percentage return. If you do not do this then the risk you are taking is not taken into account.

A pip count has no relevance - please explain to me how it could have.

If I risk 10% per 10 pips .....
If I risk 1% per 10 pips....

Pip count has no relevance to trading performance.

Some would disagree...please justify here.

Something I read here in the Forum years ago that I have not forgot:

pip counting is a mugs game

Try this thread, plenty of discussion on this same subject:

http://www.forexfactory.com/showthread.php?t=26657

A very wise man once said:


So yeah i agree pip count is irrelevant

Agree pip count doesn't matter. It's about the risk management in place.