xmess7 wrote:xmess7 wrote:TRO,
Not only is NEVER LOSE AGAIN still active but there are threads about your return on babypips . In one thread the admin got fed up and closed it LOL.
Ok here's some horizontal line trading.
Today's total 79pips, Done for the day
I wanted to point out something. This concerns the idea that TRO has been trying to teach us of FIX SPREAD BANDIT vs true ECN.
In the trade that I displayed earlier I was using FXCM. The spread at that time was 4pips for the GBPJPY. Not bad right?
Check out these numbers:
For each trade I paid the Broker roughly
4pips(spread) x $5(value per pip) = $20
I made 3 successful trades. Total that was paid on commission= 3 x $20 = $60.
Now if I had used MBT this is what would of happened:
Commission for each trade(enter and closing)
$.5 (I am using .1lots) * 4 lots = $2.00
So using my above trade I would have paid 3 x $2.00 = $6.00
WOW... I just gave away ($60 -$6) $54.00
This is not good... it will get worse when I am dealing with larger amounts.
Just something to ponder. MBT HERE I COME LOL.
You $.5 in and $.5 out