I should change my broker... I've read on the internet that traders usually forgot that the broker works for them, and usually a lot of traders just work for the broker.
With just a few math work, you can see how much money you have made for your broker depending on how many trades you take for month and how wide the spread is in each pair. Plus, how much help your broker offer for a beginner? In my case, slim or none, as you may know if you have read my first posts.
With that considerations, I have to say that I should change my broker. Nevertheless, I kind like their platform and the average service is not really bad. I just have to reorganize how I could make more with the tools that I have at hand. One option is to trade less... That represent a little less cost for you if you planned well your trades. That means less cost per trade through the spread. A scalper could go broke with my broker.
This is the thing. I'm only going to trade these pairs and only one at a time:
Instrument Spread
AUDUSD 4
EURCHF 4
EURGBP 3
EURJPY 4
EURUSD 3
GBPUSD 4
NZDUSD 5
USDCAD 5
USDCHF 4
USDJPY 3
And that's it. There are other brokers that offer spreads as low as 1 pips in the majors, maybe 2, even 0! (I have no idea how that could be possible!) But as I said before, I have to work with what I have at my reach.
Other pairs are just crazy high, as much as 120 in spread!!! They called them exotic pairs but...
Well, maybe would be logic to trade only the 3pips-pairs so that would help to reduce my SL and increase a little bit my PT, due a less spread value to cover. If the opportunity arrives, I would consider to place a trade in the "expensive" 5-pips pairs.
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