Trading with pepperstone.
Looks like 75 cents for a mini lot and if my average trade is to capture 3 pips with 2% risk per trade, seems pretty expensive.
Am I doing this right?? Is this normal?
For a standard lot, I capture 3 pips with 2 % risk, 30 dollars ...commission is 7-8 dollars RT.
That's a huge chunk out of my profit??
Seems like if I have a small account it's going to be struggle.
Any cheaper solid brokers for scalping out there?
Looks like 75 cents for a mini lot and if my average trade is to capture 3 pips with 2% risk per trade, seems pretty expensive.
Am I doing this right?? Is this normal?
For a standard lot, I capture 3 pips with 2 % risk, 30 dollars ...commission is 7-8 dollars RT.
That's a huge chunk out of my profit??
Seems like if I have a small account it's going to be struggle.
Any cheaper solid brokers for scalping out there?