DislikedIf only I had a broker that doesn't charge any commission nor spread. Good lifeIgnored
Currently EURUSD variable spread is under 0.8 for serious brokers and 1 pip for fixed spread. If you are trading with a higher spread, you may be paying too much and you will be in an unfair position if you want to scalp.
This broker has an average spread for EURUSD as shown below, but you can still find better, if this is your main request.
Please note that this journal is about the report of Thursday march 10 event. I wonder why it is turning to broker discussion. If (when) I wanted it to be the case, I would have opened it in the broker section.
It happened that I was trading this account during the announcement when I decided to compound my winnings.
It could have been any other of my accounts, with any other of my brokers or of the markets.
Broker is irrelevant in the discussion. Such strategy can be done with any broker that meets its requirement.
As already mentioned, I have used this technique successfully for years with many brokers. I did withdrawals with no problem.
I could have shared an older statement, and skeptics would have found as always 100 reasons to whine.
I decided to share my newest in order to allow you a unique experience: follow live trades in live account.
If this was useful for someone, I will be glad.
I was hoping a more sensible discussion, unfortunately seems it is still not the case, cause some frustrated traders are turning round the subject instead of digging within it. I think I lost enough time repeating same things, neglecting many pm and other duties.
Sorry for that.
I will be less posting, waiting for the poll results. Report will not stay forever. Take whatever you would like from it as long as it lasts.
Meanwhile, new thread rules in the next post.
Good luck to all
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