Does this work, lets say I put all my money in one trade, but I have the stop loss very close, for example 1 pip and 2 pip tp?
or 2 pip sl and 2-4 pip tp?
If your broker give you an high/huge leverage you can sure do it.
But then your are not trading, you are gambling. Do you know it, right?
Nvm I just woke up, I thought about something else ^^
Depending on the pair and the broker, you would have to add a spread to that SL, so you could be looking at a negative Risk/Reward ratio from the word ‘go’.
I would like to think that you could
think of a more effective R/R ratio
than that!
Good luck and thanks for posting.
Million Dollar Pips System | Myfxbook
I was looking at this guy, look at his pips it dosent go over 10
Most brokers won’t let you trade with more than 80% of your equity.
Cheers
Well an average loss between 5-15 and an averege win between 10-25 is something completely different from 1-2 pips loss and 2-4 pips win.
I would say untill you pay 1-3 pips spread the minimum acceptable is 5-15 loss and 8-30 win .
Thanks for the link, OP.
What sort of sum are you investing: 1k, 5k, 10k, etc.?
Noone as of now, Im still demo and school
This is very risky and Forex is very risky business so it depends on you how much risk you can afford although you may get the huge rewards if you win you will enjoy and if you lose you will be wise.