New to learning to trade
Apr 26, 2014 at 15:44
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5 Replies
Member Since Apr 25, 2014
1 posts
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
Thanks in advance
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...
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. ~~
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.
50 pips a day, you need a pair that has high volatility. GBPJPY or GBPUSD or USDJPY.
http://www.freeforexrebates .info
Member Since Jun 09, 2014
138 posts
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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