Normal
yep. I prefer to be in and out of the market in seconds and just take 10 or so a day - it's pretty simple, take $500 multiply by 2% per day and let it compound. As a starting reference, 2% of $500AUD is $10AUD, which is 8-9 pips on EUR/USD - using 10,000 lot ($1USD pips) or roughly 30-35% of the available buying power using 1:100 - i.e not leveraging yourself to the t1ts.(pip value is USD and as AUD/USD is currently 0.8690 meaning every $1USD is worth $1.15AUD - you're getting a nicer payout or you just require less 'work' to get your 2% a day)doesn't mean I won't look at longer term trades in future however.
yep. I prefer to be in and out of the market in seconds and just take 10 or so a day - it's pretty simple, take $500 multiply by 2% per day and let it compound.
As a starting reference, 2% of $500AUD is $10AUD, which is 8-9 pips on EUR/USD - using 10,000 lot ($1USD pips) or roughly 30-35% of the available buying power using 1:100 - i.e not leveraging yourself to the t1ts.
(pip value is USD and as AUD/USD is currently 0.8690 meaning every $1USD is worth $1.15AUD - you're getting a nicer payout or you just require less 'work' to get your 2% a day)
doesn't mean I won't look at longer term trades in future however.
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