The internet is saturated with cheap marketing and advertising ploys aimed at reeling in new forex traders. Most of them promise huge returns with the promise of thousands of pips per month. Many of the marketing schemes on the net boast things like, “Learn how to make 100 pips a day!” or “Our trading strategy yielded 2,000 pips last month!”
First of all, there are all sorts of ways these numbers are fabricated, but the reality is that pips don’t really matter. In this article, we are going to discuss why, and then we are going to discuss what really matters.