Hi, I’ve noticed watching the candles when I open a trade with fxcm micro that for a win I only gain a small amount but for the same movement in the candles against the trade the loss is exponentially worse. I take it fxcm have their trading system loaded in their favor to a large degree? If that’s correct, can I expect the same from oanda when I try them out?. Thanks Mark
Sound to me like you are thinking FXCM is rigging there plattform. I can assure you this is not the case. Sound to me that you are suffering from a sever case of fear and greed. That or you need to get your eyes checked. You can try Oanda to see if you like it better but FXCM is not stacking anything in there favor so you will find the same with OANDA
FEAR AND GREED ? LOL LOL I’ve only opened a small account to learn about the markets lol not bothered if I don’t make money or not,I don’t bet what I can’t afford to lose.It’s a fair question, the losing side of the candle seems to multiple the the loss exponentially,and the gain on the winning side always seems smaller.Like I said it’s a fair question.
Either that are you are suffering from spread, it looks exponentially worse in the same movements because after you bid, the price you close the trade on is actually worse then what you are seeing from the candles
Therefore, gains are smaller, and losses are bigger
pip value is pip value it does not change depending on if you are in profit or loss. What pair are you trading? and dont kid yourself just because it is a small account that you can afford to lose that fear and greed do not come into play. If that was the case you would not be on here asking this. I do commend you though for only risking what you can afford to lose you are a step ahead of most on here.
and welcome to babypips by the way this is a great site with great info
yheahhhhh i just switched from trading 4h/daily tf to 30min 15 min timeframes to try my same strategy on the s-t and the spread is killing me too hahahah.
You just have to get used to considering an extra 2-4 pips depending on the spread when you calculate your risk…