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how many pips a year do you need to make ?
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Member Since Oct 23, 2014  75 posts rickyb Apr 27 at 09:04
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.?


Member Since Mar 25, 2020  9 posts sudokupsammite Apr 27 at 11:29
You also need to take into account drawdown and margin requirements in order to make 1 pip.


Member Since Jun 23, 2014  8 posts Ramon (gnaritas) May 04 at 17:49
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.


Member Since Apr 01, 2020  114 posts Dictiony May 07 at 01:36
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.


Member Since Nov 17, 2019  3 posts yousufislam100 May 07 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.


Member Since Aug 27, 2017  842 posts Adribaasmet May 08 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.


Member Since Feb 18, 2020  19 posts frickshow May 13 at 17:16
It's not about pips, it's about money. You are making money or not, that's all.


Member Since Feb 12, 2020  14 posts Shalinara Jun 21 at 15:07
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.


Member Since Feb 24, 2020  4 posts Akos343454rgg Jun 23 at 12:18
I think in the end everyone wants to make as much money as possible


Member Since Nov 08, 2019  15 posts Androgelv Jun 26 at 17:44
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.

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