After learning more about the EFX Navimagator, I believe the commission amount that I was using in my math was an ACCUMULATED commission of the last 2, 3 or 4 trades, I don't know. I'm not positive about this, but I'm pretty sure that would atleast partialy explain the large commission.
But you would still add the 1 pip spread though..
TheRumpledOne wrote:The spread could be 100 pips and if you make 3 pips on the trade, that is what you made... 3 pips.
And how many more pips would you need to gain to "BREAK EVEN"? To get you to the price you were supposedly at when you entered the trade? The answer is 97. Why is this? Because of the spread.
I know price is the price, but what the brokers are having us do is enter the trade at ONE price, and exit the trade at DIFFERENT price. It may not be fixed, but it still has to be paid for. So I was adding that 1 pip that CERTAINLY must be payed to break even -- to the commission, which is seperate.
IT'S NOT THAT SIMPLE, BUT IT'S TRUE