Jan 30 2019 at 08:02
One has to look at Forex as you look at any other business. It's not how many pips you can make per day, there are some days you won't make any. The year-end is what matters. You do the inventory, you reconcile the accounts and the difference is your profit. You can break it down to a daily profit, of course, but that is an estimate only.
Jan 30 2019 at 08:11
i think in % :-)
Everyone should think in percent. All this talk of pips is BS and does not matter. I think it is the brokers trying to give misinformation about how to trade and the concept of pips this and pips that. Pips irrelevant., what really matters is risk (in %) and profit in (%)
Jan 30 2019 at 11:51
Ansel posted:
Everyone should think in percent. All this talk of pips is BS and does not matter. I think it is the brokers trying to give misinformation about how to trade and the concept of pips this and pips that. Pips irrelevant., what really matters is risk (in %) and profit in (%)
You do not have idea what you are talking about.
Because risk = stop loss in PIPS * trade size
profit or loss = trade outcome in PIPS * trade size
Jan 30 2019 at 13:01
perfect at least you understand Ansel 😎
Depends on the market. It is better to not have a target in mind but see what the market yields. Artificial pip targets can be problematic and cause over trading
The market makers (Big Banks) have rules for their traders that include using the Fibonacci progressions and trading for a minimum of 55pips. If you learn how to mimic their agenda trades, you should be able to make 100-200 pips per day on average.
Feb 06 2019 at 12:46
IMHO planning how much pips or dollars you make per day is nonsense.
You should follow trading plan.
Trading plan defines when to enter and when to exit trade.
So some day you make some pips, some day you make even more and some day you lose some pips.
There is no FGH [holy grail] which would provide 100 pips every day.
You should follow trading plan.
Trading plan defines when to enter and when to exit trade.
So some day you make some pips, some day you make even more and some day you lose some pips.
There is no FGH [holy grail] which would provide 100 pips every day.
togr posted:
IMHO planning how much pips or dollars you make per day is nonsense.
You should follow trading plan.
Trading plan defines when to enter and when to exit trade.
So some day you make some pips, some day you make even more and some day you lose some pips.
There is no FGH [holy grail] which would provide 100 pips every day.
Thank you for the advice. ALl still new to me this is.
