Wining pips but losing money! How is that possible?
Wining pips but losing money! How is that possible?
19 Feb 2024, 06:22
Wining pips but losing money! How is that possible? Why is it that when I enter a trade, I'm already at a loss? And even when it becomes profitable, I still seem to be losing? It always seems to take a considerable time from my entry point until it starts to become profitable. Look at the graphic exemple, I'm winning 1.2 pips but loosing 0,03 cents. My entry point is not Zero euros, its already a loss.
Replies
goruluk88
19 Feb 2024, 06:45
( Updated at: 19 Feb 2024, 10:12 )
It is because of forex spread.from your chart,i don't what pair are you trading but most broker have 1.3-2.5 pips spread,hence tthe negative profit although you are winning pips.broker will charge you either spread or commission as a cost of opening a position.
@goruluk88
PanagiotisCharalampous
19 Feb 2024, 06:38
Hi there,
This happens because trading costs like commissions and swaps are considered in your net profit.
Best regards,
Panagiotis
@PanagiotisCharalampous