56 Pips In Two Days - Forex Forum

Dear all

In two days i received signals from

targetforexsignals.com

And earned 56pips

i receive mataf alerts
100 pips / day
n the cool one, its free!!

continue to short eur/usd. t/p 1.3100

I don’t get it, what about the spread? I know you can get good number of pips in one day but what about the total number of pips minus spread? That is the real gain.

So true it all comes down to the broker when it comes to spread size Interactive Brokers are a great broker with low spreads sometimes as low as half a pip!
I am spreading the word on IB because most brokers are just there to rip you off. if they charge you 5 pips on a 100 pip trade that 5% you have to make on top of your target to cover brokerage run the numbers over many trades and this can hurt as you need to raise you win loss ratio to cover it.

Also and just in my humble opinion. 56 pips is a mere fluctuation in today's market and if you go for a 50 pip trade then your stop must be at 50 pips or less :/ this is a very bad risk reward ratio as the current market can take this out in a matter of seconds due to volume and volatility. although at one time a 50 pip trade was considered a good amount of pip movement. check the weekly charts and look at the daily range for the last year or two to see what i mean in the size of the daily bars.

If you risk too tight stops and pay too much in spreads its a recipe for disaster!

As I have said in previous posts risk no more than 1-5% of your account and go for larger stops with smaller position sizes.

they have a great section on money management on this very site with a calculator and everything all for free

Respect

I get what u says people (pete & calfx) but sometimes I don’t want to get a good spread f the service is very good, so care if they help me to increase my money and don’t lose a pip, the spread, yeah its important, but the service and professionalism are most important.

I need that strategy I want to make the same number of pips every day. Im not losing too much, but im not gaining enough so I need advices, Tell me people!