BP wrote:But I figured out that with my broker, a non-fixed spread broker, I still make a profit with just one pip of profit. Of course, with one gross pip, it is costing me, after the trade is done, about 40% of that pip. So, any pips after a half a pip, is pure profit for me. The point is, I know that if I at least hit one pip, I make money. Therefore I am not hesitant at all to only take one pip profit many times.
Bear, my broker, IBFX, has normal spreads like 2, 3, 4, or more pips. So to get one profit pip, I would have to have a gross profit of 3,4,5, etc, wouldn't I?
I'm not sure I understand your 'non-fixed spread broker" term. I'm thinking it is like EFX where the trade cost is fixed which is probably the right way to get when dealing with these small profit plays or else the spreads will kill you.
Let me you where I'm going wrong for I'm about to fund an account in February and using this BZ method. To be successful, it looks like it makes sense to get rid of IBFX and go to someone like EFX.