Firstly you can see from the above results I am net positive.
This is because I have banked more pips than I have lost. Let me explain more…
Each pip has an amount attributed to it (stake)when traded.
For example, if you trade in the spot forex market you will trade ‘lots’.
These are currency contracts which are traded.
The ‘lots’ (contract) can be traded in different quantities and can be split, for example, you may trade a half or even a quarter of ‘lot’ to suit your risk appetite.
Depending on which broker you trade with it may be the case that you spread bet.
It’s much of the same except you will trade a ‘stake’ per pip on a spread betting account and the spreads may not be so favorable.
Furthermore, when it comes to spreading betting there are tax advantages.
Going back to my trading results.
Say you were to place all of the above trades at £5 per stake/pip; Based on the above results, this would yield a profit of £14,905.00 so far this year
The above results were thanks to applying my discretionary swing trading approach ‘The Able Method’
I have developed this over many years and it is the very approach I use to this day to make consistent gains.
My approach is relatively simple to learn if you apply yourself, however, I would class it as an advanced strategy & methodology.
A focused individual could learn and apply my methods given some concentration, time and effort.