DislikedSauron, you have bought in to so many of the myths it would be hard to list them all. The fact is that pips is just as good as using all the % and $ based "accounting" systems for FX and may even be better psychologically.
If one counts pips, it's probably far less stressful than counting dollars, and far less complicated that counting the % of the trade or the account!
[color=black][font=Verdana]I have just turned the corner on being more consistent, after...Ignored
- #149
- Edited 6:26am Oct 9, 2009 6:26am | Edited 6:26am
- Joined Feb 2007 | Status: Stock Broker, October 1987 | 1,281 Posts
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- | Joined Jun 2007 | Status: Trader | 1,021 Posts
- #154
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- Joined Jan 2008 | Status: I'll Take Your Pips | 1,338 Posts
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The breaking of a wave cannot explain the whole sea.