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How many pips a day ?

Trademinster
Jan 23 2019 at 15:54
21 Posts
there are hundreds of strategies you have to find one thats te best for you
nick3232
Jan 24 2019 at 08:23
162 Posts
RawnT
Jan 24 2019 at 08:37
1 Posts
I don't know how many pips it is but in my opinion if someone trade 10 000 USD (For example) daily profit should be 0,27 %. Is it possible to realize? (Balance: 10 000 USD. Trade only 0.01 - 0.02 lot. Goal - 0,27% daily. )
hollyholly141
Jan 24 2019 at 12:04
9 Posts
Trademinster posted:
there are hundreds of strategies you have to find one thats te best for you
Thankyou
hollyholly141
Jan 24 2019 at 12:04
9 Posts
nick3232 posted:
babypis.com you must go
I am on there, thankyou :)
hollyholly141
Jan 24 2019 at 12:04
9 Posts
RawnT posted:
I don't know how many pips it is but in my opinion if someone trade 10 000 USD (For example) daily profit should be 0,27 %. Is it possible to realize? (Balance: 10 000 USD. Trade only 0.01 - 0.02 lot. Goal - 0,27% daily. )
This is very helpful, thankyou!!
Demetriof
Jan 29 2019 at 07:26
7 Posts
If I could guarentee that I would make only 1pip per day then I would be a rich man. The problem is not how many pips per day but how likely you will make any profit whatsoever in a day. Most people lose some day (if not most day)
vontogr (togr)
Jan 29 2019 at 12:47
4862 Posts
Guys,
You have to follow good trading plan.
If you don't have any please don't trade.
Trademinster
Jan 29 2019 at 13:07
21 Posts
James
jnimc
Jan 30 2019 at 07:47
12 Posts
forex beginner traders always think in terms of 'pips' - this mindset is due to all sorts of educators talking only about 'pips'. In reality $, £ or any other currency should be your priority, not 'pips' - you can't put 'pips' in your bank account. Some strategies can generate profits in $ but at the same time be negative in 'pips'...
SaltyWaters
Jan 30 2019 at 08:02
247 Posts
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.
Trademinster
Jan 30 2019 at 08:11
21 Posts
Ansel
Jan 30 2019 at 10:55
10 Posts
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 (%)
vontogr (togr)
Jan 30 2019 at 11:51
4862 Posts
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
Trademinster
Jan 30 2019 at 13:01
21 Posts
perfect at least you understand Ansel 😎
Molly141
Feb 01 2019 at 09:59
25 Posts
How many pip should I go for?
Ognjan
Feb 05 2019 at 13:30
8 Posts
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
Wildbill
Feb 06 2019 at 12:42
38 Posts
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.
vontogr (togr)
Feb 06 2019 at 12:46
4862 Posts
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.
Molly141
Feb 06 2019 at 14:55
25 Posts
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.
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