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How many pips a day ?

smith_fx
Aug 01 2019 at 06:48
33 posts
walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

While there can’t be an exact answer to this question as trading X amount of pips each day is unrealistic since markets do not move in a predictable manner . This question is relative to every trader and his strategy . Setting up a target of making X pips a day is a really difficult thing to do. Such a daily target shall be ineffective as it encourages more trading when strategy is ineffective and vise versa. Also , number of pips per pay will depend on a trader’s strategy and his goals.
TitusD
Aug 01 2019 at 09:47
10 posts
smith_fx posted:
walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

While there can’t be an exact answer to this question as trading X amount of pips each day is unrealistic since markets do not move in a predictable manner . This question is relative to every trader and his strategy . Setting up a target of making X pips a day is a really difficult thing to do. Such a daily target shall be ineffective as it encourages more trading when strategy is ineffective and vise versa. Also , number of pips per pay will depend on a trader’s strategy and his goals.



So what would be a good target? Maybe a monthly target? I think that targets are good as it can keep us focused and looking for trade
GeorgeBischof
Dec 19 2020 at 12:36
318 posts
It depends on your trading strategy and ability of making decisions.
turnipfollow
Jan 08 2021 at 09:32
27 posts
About 200 to 300 a month is an okay start. You can always research and keep learning as you go.
tacosgild
Jan 13 2021 at 10:43
18 posts
If you look at a daily analysis, it’ll be a very short time and you should probably look at average pips per month. You can also set a 2 to 3 month target on them and analyse. Pips also depend upon your trade duration so you can check accordingly. I don’t really like setting pip based targets and I like my simple profitable system. For brokers, I sometimes trade with Ig or Xm and at times with Etoro and Fxview. But with all them I focus on trading the trends in a 4 hour timeframe.
joastdaffy
Feb 04 2021 at 10:03
24 posts
You should try to look at monthly pips. This will give you a better idea. Good luck.
Yijun
Feb 04 2021 at 10:43
6 posts
yes daily is way to short. Some days I make 0 pips. other days 100pips. But over a month it is much more even
csbattle81
Feb 04 2021 at 12:28
1 posts
I been only trading for a year. I have resources that I get my education from and I get free trades, maybe 10 per day. I average around 100 pips a day. Some day are higher some days area little lower. I would love to connect with other traders.
gruntlimbic
Mar 04 2021 at 12:18
9 posts
You can probably try to make a monthly analysis of them and not limit them to a day or two. Good luck.
LyudmilLukanov
Mar 04 2021 at 13:54
854 posts
Having a goal is good for trading. But do not force your trading to achieve that result.
margaritastephen
Mar 11 2021 at 10:36
20 posts
Probably around 200 to 300 pips on a monthly basis works for me.
SteveHanks
Jul 29 2021 at 12:48
536 posts
margaritastephen posted:
Probably around 200 to 300 pips on a monthly basis works for me.
All traders may not the same. So, I think it depends on the traders ability.
WaltonCharles
Jul 31 2021 at 08:37
144 posts
SteveHanks posted:
margaritastephen posted:
Probably around 200 to 300 pips on a monthly basis works for me.
All traders may not the same. So, I think it depends on the traders ability.
Yes. It depends on the traders ability.
Jungle78
Aug 05 2021 at 10:07
105 posts
walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance
Im more about the percentage growth if i hit 2% im out for the week
brownrice
Aug 05 2021 at 10:24
9 posts
Jungle78 posted:
walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance
Im more about the percentage growth if i hit 2% im out for the week

Me to. PIps is such a pointless measure. $$$ is only what matters
SofieAndreasen
Sep 01 2021 at 21:56
759 posts
Learn as much as possible. However, don’t trade without a proper trade setup.
SteveHanks
Sep 03 2021 at 08:45
536 posts
SofieAndreasen posted:
Learn as much as possible. However, don’t trade without a proper trade setup.
Yes. Learning is very important in this market.
croisssan
Sep 03 2021 at 12:29
939 posts
Basically, it all depends on how well your day is in terms of trading.
SteveHanks
Jan 09 at 19:21
536 posts
gruntlimbic posted:
You can probably try to make a monthly analysis of them and not limit them to a day or two. Good luck.
Yes. I agree with you.
Akasuki
Dec 05 at 09:38
608 posts
Every tradershouldrely on multiple strategies at a time to confirm a signal. But traders are hardly fond of it.
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