Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
How many pips should a reasonable trader make a month?
Previous 1 2 Next
FXpromos

Member Since May 02, 2011  24 posts FXpromos Feb 09 at 02:42
How many pips should a reasonable trader make a month?

Hopefully pip means the same thing to most people- The smallest currency pair measurement that you set a financial value to as I understand it.

I am just trying to see whether I even make the credible trader graph even though I am not losing.

Best I don't influence peoples opinions by saying whatever my latest count is.

Splexin

Member Since Apr 11, 2011  190 posts Splexin (Splexin) Feb 09 at 03:57 (edited Feb 09 at 03:59 )
You can have a zillion pips but if each pip is only worth $0.01 then that 'reasonable number' is moot. It all depends on your position sizing. I have been trading Forex full-time since 2010. My best month (ever) was 657 pips. That was last May. I've had times where I made 300 pips in one week and months where I only netted 100 pips. Just gotta go with the flow. To answer your question, I think netting anywhere between 300-500+ pips a month is good.

smiley

Everything should be as simple as it can be, but not simpler.
PayPip

Member Since Sep 04, 2009  9 posts PayPip (PayPip) Feb 09 at 04:04
It has nothing to do with pips per day, week or month. Some traders are negative pips an make a profit. Some traders are are positive pips and lose their ass. Positions sizing, giving yourself time to be right and position management are key.

Perception not Prediction
Clash

Member Since Nov 19, 2011  32 posts Clash Tompson (Clash) Feb 09 at 07:17
I'll throw the first ball and say 400 pips, average of course. The system I use would generate 200-700 pips a month in the year end average on a 4hr chart. Of course there was the occasional +2,000 pip wonder and -110 loss during some months, but yeah good question.

A man should look for what is, and not for what he thinks should be - Albert Einstein
moneygrows

Member Since Jan 14, 2011  19 posts moneygrows Feb 09 at 08:37
im with Splexin and PayPip on thissmiley

www.moneygrows.net
ezis

Member Since Sep 04, 2011  15 posts ezis Feb 09 at 10:12 (edited Feb 09 at 10:13 )
Pips are not important, importat is how much you have to invest to get something out of that pip. My theory is that if you can outperform all broker spreds you are doing good.

BTW: I would be happy for 100% garanted 50-100pips/year. And with that i would be able to live lux life.


Clash

Member Since Nov 19, 2011  32 posts Clash Tompson (Clash) Feb 09 at 17:39 (edited Feb 09 at 17:40 )
How are pips not important? They most certainly are - how does a trader make money when they are negative in pips? I think it's very give and take in accordance to a persons risk managment.

A man should look for what is, and not for what he thinks should be - Albert Einstein
dontshare

Member Since May 07, 2011  5 posts matt (dontshare) Feb 09 at 18:26
Balance $100, first trade at .01 per pip and you lose 100 pips, therfore you lose $10. remaining balance is now $90. your next trade is at $1 per pip and you make just 25 pips, meaning $25. add this to your remaining $90 and you now have $115, therfore 15% up whilst you are actually 70 pips down! good example of this could be a martingale sysytem. hope this explains in a simplistic manner

PayPip

Member Since Sep 04, 2009  9 posts PayPip (PayPip) Feb 09 at 18:29

   Clash posted:
   How are pips not important? They most certainly are - how does a trader make money when they are negative in pips? I think it's very give and take in accordance to a persons risk managment.


Eh?

If I'm down 100 pips at @ 1 lot on a pair but I'm up 60 pips @ 2 lots on another and I close both trades. Net Net I'm down pips but Im profitable.

Perception not Prediction
Clash

Member Since Nov 19, 2011  32 posts Clash Tompson (Clash) Feb 09 at 18:41
Ah, I see now. That's different from my style, I couldn't see past what I normally do. Martingale is a great example! I haven't played around with those for years, it's quite an interesting concept. Kudos people.

A man should look for what is, and not for what he thinks should be - Albert Einstein
Previous 1 2 Next
Tools Community Reviews Platform Company Support
Economic Calendar Community Brokers Features About FAQ
Forex Broker Spreads Systems Expert Advisors API Blog Help
Streaming Forex News Strategies Signal Providers Translations Twitter Contact Us
Community Outlook Contests VPS Services Mobile Facebook Report A Bug!
Widgets EA Programming        
RSS          

Site Map  |   Terms & Conditions  |   Privacy Policy
©2011 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
*GFT is a sponsor of myfxbook.com for advertisement purposes only. GFT does not endorse any other products, services, or companies represented on myfxbook.com. The views of myfxbook.com and all other parties contained therein are not necessarily those of GFT, and GFT makes no warranty as to the accuracy of information provided.