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New to learning to trade
DarkNinjaTrader

Member Since Apr 25, 2014  1 posts DarkNinjaTrader Apr 26 2014 at 15:44
I want your opinions. Is it realistic to shoot for a 50 pip gain per day? Is that possible on average? If not what is more realistic?. Secondly since I am on the west coast of the US and will only be able to dedicate time after work. like 4pm on. What might be the best pairs to start to follow?

Thanks in advance

lostfox

Member Since Aug 04, 2011  8 posts Micah Fox (lostfox) May 06 2014 at 19:23
My first mentor recommended looking for 200 pips per month. However, I would say that kind of goal is highly dependent on how you trade. If you are taking trades off daily charts, banking 50 pips every day may be pretty tough.

As far as pairs to follow... I stick with the major currencies:
EUR, GBP, AUD, USD, CAD, CHF, JPY

And find the pairs that suit your system well.

I personally use:
EURUSD, GBPUSD, AUDUSD, EURJPY, AUDJPY, NZDUSD, USDCHF, EURCAD, CHFJPY, GBPCHF, EURAUD, CADJPY, GBPCAD, GBPAUD, AUDCAD, NZDJPY, EURNZD, NZDCAD

Hope that helps...

The Trend is your Friend. ~~
tigpips

Member Since Jun 09, 2011  186 posts tigpips Jun 19 2014 at 12:18
I prefer to scalp on certain pairs that I have a higher winning % on, keeping most of the trading holding duration from a second to a few mins. But you need high computational power and a very very good connection to your broker for this to happen.

50 pips a day, you need a pair that has high volatility. GBPJPY or GBPUSD or USDJPY.

http://www.freeforexrebates .info
Abdul2012

Member Since Jun 08, 2014  413 posts Abdul2012 Jun 19 2014 at 20:47
Hi guys
i like your discussions ,it is so useful
thanks

tigpips

Member Since Jun 09, 2011  186 posts tigpips Jun 23 2014 at 04:34
Abdul2012 posted:
Hi guys
i like your discussions ,it is so useful
thanks

You're welcome

http://www.freeforexrebates .info
jotekfinance

Member Since Jun 09, 2014  138 posts jotekfinance Jun 24 2014 at 18:48
Yeah, thanks for me too. Every little bit of knowledge helps, even that which is reinforcement.

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