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What is your daily target??
Membre depuis May 04, 2015
posts 8
Jun 09, 2015 at 06:51
Membre depuis May 04, 2015
posts 8
Hi:
Just curious about how you all set targets. I personally try to make 2% per day with minimal risk.
How do you all set your targets?? I know some people may set goals based on number of pips made and others may use percentages, I know this would also depend on the lot sizes used plus the size of the account.
Hoping to hear what works for you all.
Just curious about how you all set targets. I personally try to make 2% per day with minimal risk.
How do you all set your targets?? I know some people may set goals based on number of pips made and others may use percentages, I know this would also depend on the lot sizes used plus the size of the account.
Hoping to hear what works for you all.
Jun 09, 2015 at 09:19
Membre depuis May 11, 2011
posts 65
Freerenkosignals posted:
Hi:
Just curious about how you all set targets. I personally try to make 2% per day with minimal risk.
How do you all set your targets?? I know some people may set goals based on number of pips made and others may use percentages, I know this would also depend on the lot sizes used plus the size of the account.
Hoping to hear what works for you all.
imho 2 % with minimum risk ist in a long term not possible. If I can achieve 5 to 10 % per month in a consistent way I will be very happy.
Membre depuis Apr 04, 2010
posts 12
Jun 09, 2015 at 18:14
(édité Jun 09, 2015 at 18:15)
Membre depuis Apr 04, 2010
posts 12
Met a guy with a very interesting outlook. Just make 10pips = 1% of your account value and make 10 pips per day - day in and day out.
Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.
A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.
Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.
A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.
If you like it, buy it. If you don't sell it.
Jun 12, 2015 at 08:48
Membre depuis Apr 26, 2015
posts 8
I have always used a $ amount for the day. Stared with $20/day then 50-100-300 and $500. As my account grew, so did my confidence and daily target.
I need to get paid for my time and efforts. It's a job. You don't go to your boss and tell him "oh whatever you feel like paying".. or start the day with "let's see how much I'll make today...."
It's all about the $. I am not here to stoke my ego with 'pips or percentages'.
I need to get paid for my time and efforts. It's a job. You don't go to your boss and tell him "oh whatever you feel like paying".. or start the day with "let's see how much I'll make today...."
It's all about the $. I am not here to stoke my ego with 'pips or percentages'.
Make Money!
Membre depuis May 04, 2015
posts 8
Jun 12, 2015 at 08:50
Membre depuis May 04, 2015
posts 8
focusedfinance posted:
Met a guy with a very interesting outlook. Just make 10pips = 1% of your account value and make 10 pips per day - day in and day out.
Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.
A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.
Well said, makes perfect sense. So by saying this it is agreed that trading a larger account is much easier than trading small accounts, certainly less stressful.
Membre depuis Oct 02, 2014
posts 905
Jun 19, 2015 at 14:10
Membre depuis Aug 09, 2011
posts 20
My EA target is 25% -30% for each movement.
https://www.myfxbook.com/members/StingRay/contest-stingray/1264807
https://www.myfxbook.com/members/StingRay/contest-stingray/1264807
financial freedom by using own hand make EA.
Membre depuis Feb 22, 2011
posts 4573
Jun 23, 2015 at 07:54
Membre depuis Feb 22, 2011
posts 4573
I do trade until I reach 1 %
Then I stop trading and go swimming:)
Then I stop trading and go swimming:)
Membre depuis Dec 09, 2011
posts 72
Membre depuis May 20, 2011
posts 694
Membre depuis May 20, 2011
posts 694
Jul 09, 2015 at 12:05
Membre depuis May 20, 2011
posts 694
Look009 posted:I take what I can get ! Which most days is a win yes. But that still doesn't matter. What matters most is your risk.FXtrader2010 posted:
my daily target it not to loose money.
You are right, and to win a bit of course !
Jul 13, 2015 at 06:27
Membre depuis Jan 05, 2015
posts 33
focusedfinance posted:
Met a guy with a very interesting outlook. Just make 10pips = 1% of your account value and make 10 pips per day - day in and day out.
Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.
A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.
Do you know of a good pip calculator to figure 10 pips = 1% of your account value?
"Do or Do Not. There is No Try"....Yoda
Membre depuis Sep 06, 2013
posts 145
Jul 13, 2015 at 12:32
Membre depuis Sep 06, 2013
posts 145
I think a yearly target is a little more realistic - after all everyone will have loser weeks or months every now and then so in my opinion the bigger picture counts.
My personal target is 20% per year
My personal target is 20% per year
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Membre depuis Oct 11, 2013
posts 769
Jul 19, 2015 at 06:28
Membre depuis Jul 13, 2015
posts 1
alexforex007 posted:
In my humble opinion, I dont think it is a good idea to set a daily, weekly or monthly target, because you may be forced to take trades that may not fill your trading parameters or strategy.
I agree with you,only freshman make short term target,most of them will be washed out in one year. in the forex market, in general the more you trade, the quicker you become a losser.

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