Dear members,.. this is my first post here,..i'd like to thank you all for this great website,..i just had some questions regarding the
FX market and hope to find some answers for
1-) Where do brokers make money from ? I have a friend who worked in a forex company,...he told me the spread is barely enough to cover costs for putting in my order,..so how do these companies actually really make money ?
2-) Does anyone here make regulary 20 pips daily or more ? if so why you are not a millionaire from
fx market ? because u should be in 6 months period if u started with $5000 with a risk management of 10% loss on each trade,..is it really that hard to stop looking at pip value and look only at pips ?
3-) I read manuals from 2002 saying the best pair is USD/CHF cause of its highest day range among the pairs and the sustainability of its trend,..does this still apply to that pair among the other pairs ?
thanks in advance and happy trading everyone