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How many pips should a reasonable trader make a month?

FXpromos
Feb 09 2012 at 02:42
32 posts
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
Feb 09 2012 at 03:57
202 posts
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.

😄
PayPip (PayPip)
Feb 09 2012 at 04:04
28 posts
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.
Frank
Clash
Feb 09 2012 at 07:17
40 posts
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.
moneygrows
Feb 09 2012 at 08:37
35 posts
im with Splexin and PayPip on this😄
ezis
Feb 09 2012 at 10:12
22 posts
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.

Frank
Clash
Feb 09 2012 at 17:39
40 posts
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.
matt (dontshare)
Feb 09 2012 at 18:26
5 posts
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 (PayPip)
Feb 09 2012 at 18:29
28 posts

   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.
Frank
Clash
Feb 09 2012 at 18:41
40 posts
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.
Splexin
Feb 09 2012 at 19:10
202 posts
I don't understand why anybody bothers with martingale systems....they don't work unless you have infinite funds. 😐
ezis
Feb 09 2012 at 20:53
22 posts
Well, it just works that way. But still we can do it on winning streaks too. Lets say once month comes that massive 6th and 7th flip time and you just take that massive profit, and that problably wipe out all thoes bad loses what was acumalating whole month and you get some big bucks left. Anyways there is massive work with statistics before, but still, nice to fantasize about this. :)

 
djack23
Feb 10 2012 at 22:41
2 posts
50 - 200 pips. Assuming each trade is the same number of units.
Mechael Van (MainTrader)
Feb 14 2012 at 17:14
25 posts
This is a very tricky question, well for me, i dont really have pips i make a month, instead i base on percentage factor, like making at least 50%-150% a month on my personal account, and 40%- 80% or more on my pamm account
siggy
Feb 09 2013 at 09:11
1 posts
that's a very good question as it shows the trade perfrmance. how can you say if you're doing good or not ( like in having and following a good trading system ) if you only make 5 pips a trade ? that's true + 5pips with 1 or 2 volumes put some money on your account but you're on a high risk side. A good trader will make 40pips with lower volumes (let's say 0.2 ) with considerable lower risk.
Pipstutor
Feb 10 2013 at 06:33
4 posts
Gotta go with Mechael Van. It is all about percentage. Percentage gain is all that matters. Pips and lot size are just the variables that equate to the bottom line. 10% gain a month would be a stellar return in anybody's portfolio.

Also, one must look at the draw down %. In my opinion the best traders/trading systems have low draw down % first and foremost, with consistent positive % gains.
Hesham Mohammed Mansy (Mansawy)
Feb 12 2013 at 06:32
2 posts
It's not important how much pip u won , the importance is how much profit percentage u made ?
funcky35
Feb 12 2013 at 06:33
9 posts
I think it is a reasonable approach, I think that making 50 pips to 100 pips is a feat if you are able to do so consistently, ie often be positive, then must multipler by number of contracts, 0.10, 1, 10, 100, 1000, 10 lots from 10 x50 x 10 pips or $ 5000 dollars a week .. this is the approach that should, of course you have tight spreads and ECN high quality ...
Pivotfx (shuaisu)
Feb 12 2013 at 18:34
14 posts
above 50 pips. frequent trading and small profit targets are the best way to lose the entire account in a short period of time.
Winners trade forex
Financialarts
Feb 12 2013 at 18:45
134 posts
Splexin posted:
I don't understand why anybody bothers with martingale systems....they don't work unless you have infinite funds. 😐

you don't have infinite funds? ^^
I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
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