Quote:
Originally Posted by pcguy007
I was thinking of trying to scalp on M1 and M5 on EURUSD and maybe EURJPY
i figure if i can get 10 pips here and there i'm golden.
|
You'll be losing a big portion of your profit to the broker's spread. When you earn 10 pips a trade and have to pay 2 pips per trade it's 20%. When you earn 200 pips a trade with 2 pips spread you lose only 1% to spread.