Originally Posted by
;
Merlin, you keep saying that, and the light grows less dim each time, however I still do not quite get what you mean about the irrelevancy of pips. I have heard you and other people say, it is not the pips, it is the dollar value of the pips. That phrase really bothers me because the first thing comes to my head is Oh Wow! Pile on the leverage so that I can get $1000 per year pip!!! I understand this is not what is meant but it comes across like that and I am worried it might be detrimental to newbie traders. That said, could you expand on the irrelavency of pips while also downplaying leverage? Where is the balance. I just don't get it .
Thanks in advance Merlin!
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