how many pips a year do you need to make ?
Mitglied seit Jul 23, 2020
759 Posts
Sep 17, 2020 at 04:39
I don’t target pips. However, my monthly target is around 2% and yearly around 25% of my capital. I know its difficult but I am trying to achieve it.
Sep 20, 2020 at 12:09
You need consistency. You do not need to count pips or make such yearly target. If you can make consistent profit, eventually you will make a lot of money. We should focus on developing our skills. The more skills we will have the more money we can make.
Mitglied seit Jul 03, 2020
37 Posts
Oct 16, 2020 at 12:40
That’s not what the target should be based on. I aim at anywhere around 10% monthly.
Mitglied seit Jul 03, 2020
37 Posts
Oct 19, 2020 at 12:55
Greater pips movement does not necessarily mean more profits. Have a different profit target instead, something in line with your trading capital.
Mitglied seit Feb 11, 2020
12 Posts
Oct 20, 2020 at 14:52
A moot point, the more the better. This is my answer.
Mitglied seit Jul 20, 2019
373 Posts
Oct 21, 2020 at 09:21
Pips don't matter, but your YTD does. 😉
patience is the key
Oct 21, 2020 at 10:17
@haxduum If you can achieve that goal that would be great. But try not to forec yourself to achieve the market. Market doesn't behave same way every day or every months. Sometimes your strategy will not allow you to trade. That time sitting on the line is difficult.
Oct 21, 2020 at 17:38
Michihito posted:
@haxduum If you can achieve that goal that would be great. But try not to forec yourself to achieve the market. Market doesn't behave same way every day or every months. Sometimes your strategy will not allow you to trade. That time sitting on the line is difficult.
Not forcing myself, goal setting does not mean must achieve it if situation does not permit. Just keep grinding the skill and market sense until you are comfortable of doing 100pips per week, it might be just 1 trade or 1 day 1 trade with 20pips or even no trade for 1 week or more, depends on market situation what is available for me to spot a good pricing and good margin of profit.
100pips Goal setting is to keep myself in the business, not to be greedy and always follow own set of trading rules, automatically will be a profitable trader.
100 pips profit per week
Oct 21, 2020 at 17:43
marco_mmbiz posted:
Pips don't matter, but your YTD does. 😉
Of cause YTD is matter, but if you can yield the pips it like I said, your YTD automatically in good result. I still grinding my skill to achieve it hehehe...long way to reach there.
100 pips profit per week
Mitglied seit Sep 12, 2017
238 Posts
Oct 22, 2020 at 02:03
I would like to make 5 pips a day. and with correct knowledge the target does not seems to be big.
Mitglied seit Jul 23, 2020
869 Posts
Nov 07, 2020 at 11:02
perryjohn765 posted:Don't force yourself to achieve the target. Otherwise you will end up doing over trading to get that target.
I would like to make 5 pips a day. and with correct knowledge the target does not seems to be big.
Nov 07, 2020 at 13:39
To have an objective is always good but I don't think it applies to FX 100%. To force a market is a bad idea. Just go with what the market tells you, sometimes you will pass that objective by a lot and sometimes the market is not in the 'mood' of giving anything. Don't be stressed by a hard objective.
Mitglied seit Jul 23, 2020
759 Posts
Nov 13, 2020 at 17:39
Michihito posted:Nothing is fixed. That why you need to adjust your trading strategy according to this changing market.
@haxduum If you can achieve that goal that would be great. But try not to forec yourself to achieve the market. Market doesn't behave same way every day or every months. Sometimes your strategy will not allow you to trade. That time sitting on the line is difficult.
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