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New to learning to trade

DarkNinjaTrader
Apr 26 2014 at 15:44
1 posts
I want your opinions. Is it realistic to shoot for a 50 pip gain per day? Is that possible on average? If not what is more realistic?. Secondly since I am on the west coast of the US and will only be able to dedicate time after work. like 4pm on. What might be the best pairs to start to follow?

Thanks in advance

lostfox (lostfox)
May 06 2014 at 19:23
8 posts
My first mentor recommended looking for 200 pips per month. However, I would say that kind of goal is highly dependent on how you trade. If you are taking trades off daily charts, banking 50 pips every day may be pretty tough.

As far as pairs to follow... I stick with the major currencies:
EUR, GBP, AUD, USD, CAD, CHF, JPY

And find the pairs that suit your system well.

I personally use:
EURUSD, GBPUSD, AUDUSD, EURJPY, AUDJPY, NZDUSD, USDCHF, EURCAD, CHFJPY, GBPCHF, EURAUD, CADJPY, GBPCAD, GBPAUD, AUDCAD, NZDJPY, EURNZD, NZDCAD

Hope that helps...

The Trend is your Friend. ~~
tigpips
Jun 19 2014 at 12:18
186 posts
I prefer to scalp on certain pairs that I have a higher winning % on, keeping most of the trading holding duration from a second to a few mins. But you need high computational power and a very very good connection to your broker for this to happen.

50 pips a day, you need a pair that has high volatility. GBPJPY or GBPUSD or USDJPY.

http://www.freeforexrebates .info
Abdul2012
Jun 19 2014 at 20:47
413 posts
Hi guys
i like your discussions ,it is so useful
thanks

tigpips
Jun 23 2014 at 04:34
186 posts
Abdul2012 posted:
Hi guys
i like your discussions ,it is so useful
thanks

You're welcome

http://www.freeforexrebates .info
jotekfinance
Jun 24 2014 at 18:48
138 posts
Yeah, thanks for me too. Every little bit of knowledge helps, even that which is reinforcement.

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