فوركس ساتو

BROKER’S PIP SPREAD
What I’ve explained in the above variations is not exactly complete.
I intentionally left out this important concept so as not to confuse
you. I wanted you to learn the basic idea of the 3 variations with as
little complications as possible, but here now will add this crucial bit
of information.
This is important information for you to know and to use in all your
entry orders. Most brokers work basically the same way, but double
check with the broker you use.
First of all, keep in mind that you should use charts that are provided
to you by your broker that are based on their live prices. This is
important because you’ll find that often there may be discrepancies
between brokers by a few pips. You don’t want to base your trading
decisions on a different broker’s prices. Check in the resource
section as I provide you with links to quality charts and brokers.
All brokers have “spreads”. A “spread” is the difference between
the “ask” and the “bid” price. When you sell (go short) you “bid”.
When you buy (go long) you “ask”. Bid=Sell and Ask=Buy. The
major currency pairs usually have a 3 to 5 pip spread. (Don’t trade
currency pairs that are more than 5 pips) Most brokers proclaim that
there are no commissions in FOREX trading, but really that’s what
the pip spread is. Check with your brokers to find out how many
pips each currency pair is for you.
FOREX Surfing Draft..forex sato
Let me explain to you why this is important.
The charts that you look at display the “bid” price. Let’s say that at
this exact moment in time the current market price shown on your
charts for some currency pair is 1.2010. This means that if right
now you wanted to sell short that this is the price you would be
executed at. Let’s say you wanted to buy long instead. You would
then be entered at 1.2015 (assuming you have a 5 pip spread as most
of you reading this will experience most of the time).
Special note for “mini” traders. Most charts show the prices of
100k lots. Check the spreads for both the 10k (mini) and 100k
(regular) currency pairs. If both mini and regular have the
same spread for the currency pair then you don’t have to take
any extra steps. If there is a difference, as you would
experience trading, for example, the EUR/USD on most
brokers, then you have to add an extra step. Usually
EUR/USD has 3 pips for the 100k, and 5 pips for 10k.
Therefore you would need to mentally subtract one extra pip
from what you see on the charts. So if the chart shows you
1.2133, you need to pretend it says 1.2132.
Ok, so what does this all mean in terms of how to trade the above
variations? (We’ll continue assuming you have a 5 pip spread)
Normally, if trading big trades with stops of 30 to 80 pips then most
traders don’t even pay much attention to this. But since this
“FOREX Surfing” technique focuses on small waves you do need to
consider this.  forex sato
Let’s pretend we’re about to attempt a trade using “Variation 1”
from above. Let’s say that the low was 1.3250, and the high was
1.3265. The size of your entire wave is only 15 pips as seen on your
charts. Let’s pretend that the current market price in this moment in
time is 1.3258. If you put your entry order to go long at 1.3265
many brokers will execute your trade when the prices (as you’d see
on your charts) reached 1.3260. You wouldn’t want to enter yet
because you haven’t satisfied the “rules” of this strategy – to
only buy once the price reached the price of the previous high.
What you need to do is add the spread (i.e. 5 pips) to the price
you want to ***buy*** at (as seen on your charts). You do
FOREX Surfing Draft  forex sato