Other considerations...

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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The big winner

From the picture of my last blog entry, you can see my balance vs equity since April to October 2008, which include all of my trades, deposits, my one withdraw, also price corrections from the broker (premium).

That’s why it seems to be 2750 operations, but really I have opened 700 positions.

I had 482 winners and 218 losers. That’s a 68.75% of winning rate but you know the awful truth.

It doesn’t matter how many winners or losers you have. Now I understand the oldest say: cut your losses soon and let winners run, or kind of.

So the big winner is… I know it, you know it… the broker!

Since the beginning of my trading career I’m down with 4300usd without consider cost of transfers.