Feb 09 2012 at 02:42
How many pips should a reasonable trader make a month?
Hopefully pip means the same thing to most people- The smallest currency pair measurement that you set a financial value to as I understand it.
I am just trying to see whether I even make the credible trader graph even though I am not losing.
Best I don't influence peoples opinions by saying whatever my latest count is.
Hopefully pip means the same thing to most people- The smallest currency pair measurement that you set a financial value to as I understand it.
I am just trying to see whether I even make the credible trader graph even though I am not losing.
Best I don't influence peoples opinions by saying whatever my latest count is.
Feb 09 2012 at 03:57
You can have a zillion pips but if each pip is only worth $0.01 then that 'reasonable number' is moot. It all depends on your position sizing. I have been trading Forex full-time since 2010. My best month (ever) was 657 pips. That was last May. I've had times where I made 300 pips in one week and months where I only netted 100 pips. Just gotta go with the flow. To answer your question, I think netting anywhere between 300-500+ pips a month is good.
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Feb 09 2012 at 04:04
It has nothing to do with pips per day, week or month. Some traders are negative pips an make a profit. Some traders are are positive pips and lose their ass. Positions sizing, giving yourself time to be right and position management are key.
I just trade.
Feb 09 2012 at 07:17
I'll throw the first ball and say 400 pips, average of course. The system I use would generate 200-700 pips a month in the year end average on a 4hr chart. Of course there was the occasional +2,000 pip wonder and -110 loss during some months, but yeah good question.
Feb 09 2012 at 08:37
im with Splexin and PayPip on this😄
Feb 09 2012 at 10:12
Pips are not important, importat is how much you have to invest to get something out of that pip. My theory is that if you can outperform all broker spreds you are doing good.
BTW: I would be happy for 100% garanted 50-100pips/year. And with that i would be able to live lux life.
BTW: I would be happy for 100% garanted 50-100pips/year. And with that i would be able to live lux life.
Feb 09 2012 at 17:39
How are pips not important? They most certainly are - how does a trader make money when they are negative in pips? I think it's very give and take in accordance to a persons risk managment.
Feb 09 2012 at 18:26
Balance $100, first trade at .01 per pip and you lose 100 pips, therfore you lose $10. remaining balance is now $90. your next trade is at $1 per pip and you make just 25 pips, meaning $25. add this to your remaining $90 and you now have $115, therfore 15% up whilst you are actually 70 pips down! good example of this could be a martingale sysytem. hope this explains in a simplistic manner
Feb 09 2012 at 18:29
Clash posted:
How are pips not important? They most certainly are - how does a trader make money when they are negative in pips? I think it's very give and take in accordance to a persons risk managment.
Eh?
If I'm down 100 pips at @ 1 lot on a pair but I'm up 60 pips @ 2 lots on another and I close both trades. Net Net I'm down pips but Im profitable.
I just trade.
Feb 09 2012 at 18:41
Ah, I see now. That's different from my style, I couldn't see past what I normally do. Martingale is a great example! I haven't played around with those for years, it's quite an interesting concept. Kudos people.
