answer is shocking 1 pip.if you knew you could 100 percent make 1 pip;you would put 100 lots on it.or more with different brokers.it is like fishing;you could catch 1 blue fin tuna and get over $730;000 at japan fish market.just 1 fish a year.the point is too many traders are getting lots of pips; profit wise not so.after trading many years i have decided less is more.less trades but more certain of trades with higher lots.what do you think.?
Apr 27 2020 at 11:29
You also need to take into account drawdown and margin requirements in order to make 1 pip.
You need to make money, not pips. You can make money while losing pips. If you make 10k on 10 pips, and lose 1k on 20 pips, you're +9k but -10 pips. Pips don't matter.
I think any profit in forex is good. 100 pips per month is very good and 300 pips is outstanding. Most people make money for a short period and give all back. So I think 1200 pips a year is very good and 3600 pips outstanding. Do it for 5 years and you know you have an excellent trading system.
May 07 2020 at 10:57
100 pips a week mindset if you are a intraday trader or even swing trader will get rid of your greed. It is the cure to greed as per former central bank of london trader mentor. Listen to that, and you will be fine.
May 08 2020 at 12:24
In my trading, I am comfortable with the fixed trading spread, I see during the high voltage news, brokers (not all brokers) increase the trading spreads if traders use dynamic trading spread.
It's not about pips, it's about money. You are making money or not, that's all.
Um, I've never measured my profit with such a measure. It seemed to me that most traders are focused on the percentage of profit from the current capital, and I also tried to estimate my statistics in this way, perhaps it is worth trying your approach.
Jun 23 2020 at 12:18
I think in the end everyone wants to make as much money as possible
I have also recently seen such an approach and it turned out to be quite difficult, though really accurate.
But keeping a record after each trade, if you work with short-term positions, is a real job that requires extra time.
But keeping a record after each trade, if you work with short-term positions, is a real job that requires extra time.
Jul 13 2020 at 11:02
If you make 100 pips per month it’s quite good , so considering that 1200 pips a year is a satisfactory outcome and if you reach 3600 that is outstanding.
A pip of EURGBP is worth way more than a pip in USDMXN. A pip in a 100 lot position is worth more than a pip in a 0.01 position.
Take my account, it says I made 12555.8 pip this month, great, but it just mounts to 15.5% profit.
Take my account, it says I made 12555.8 pip this month, great, but it just mounts to 15.5% profit.
Jul 13 2020 at 11:53
On Caesar system I made 29033.5 pips
Jul 13 2020 at 12:04
100pip a month seems very low. Is that really a good target?
If you make 100 pips per month it’s quite good , so considering that 1200 pips a year is a satisfactory outcome and if you reach 3600 that is outstanding.
Jul 17 2020 at 10:56
togr posted:
On Caesar system I made 29033.5 pips
Wow that is amazing. What kind of strategy do you use for that?
Jul 17 2020 at 13:35
togr posted:
On Caesar system I made 29033.5 pips
A Year ?
You have some more info on this Caesar system? PM please
Thanks in advance and have a nice weekend!
Cash is King
Jul 17 2020 at 16:10
I second Lauranutt
You just need to be consistent with profit. Your risk and reward could be anything. You are here to doing business not gambling. What about spread, margin, lot size. You need to be realistic with your target according your strategy and skills.
Aug 14 2020 at 11:30
I made 4500 pips from april
