Firstly you can see from the above results we are net positive.
This is because we have banked more pips than we have lost. Let us 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 mini ‘lot’ to suit your risk appetite.
Depending on which broker you trade with it may be the case that you spread bet instead.
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 as favourable.
Furthermore, when it comes to spread betting there are tax advantages.
Going back to our trading results.
Say you were to place all of the above trades at £2.00 per stake/pip; Based on the above results this would yield gains of £17,614.00
The above results were thanks to applying ‘The Able Method’
We use to this week in week out to make consistent gains.
The Able method Video course is available here