Hello,
I have talked yesterday with an experienced trader, I shared with him my plans to move on with compounding. As I make more or less stable 10-20% monthly you can imagine I reach the 500$/pip level in a year or two. He laught in my face: "Are you crazy?" - he said. Dont you know how it works? THEY (brokers)play against you, they know much more about the market, they will sweep you from the market as soon as you start to take some reasonable amount of THEIR money.
No need to say I feel confused about it. So it is not enough to have a good system, good money management, good discipline and so on and so on. Now I need to consider the plans of some evil forces.... sounds crazy.
Obviously, playing 100$/pip makes decent income, but what if I planned to go on? Some peoplne say that 1000$/pip means NOTHING on the market, on the other hand I hear voices that going too far means problems.
Where is the truth?
I have talked yesterday with an experienced trader, I shared with him my plans to move on with compounding. As I make more or less stable 10-20% monthly you can imagine I reach the 500$/pip level in a year or two. He laught in my face: "Are you crazy?" - he said. Dont you know how it works? THEY (brokers)play against you, they know much more about the market, they will sweep you from the market as soon as you start to take some reasonable amount of THEIR money.
No need to say I feel confused about it. So it is not enough to have a good system, good money management, good discipline and so on and so on. Now I need to consider the plans of some evil forces.... sounds crazy.
Obviously, playing 100$/pip makes decent income, but what if I planned to go on? Some peoplne say that 1000$/pip means NOTHING on the market, on the other hand I hear voices that going too far means problems.
Where is the truth?
time is money!
Z