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How many pips a day ?
Mitglied seit Feb 22, 2011
4573 Posts
Apr 03, 2019 at 07:20
Saif59 posted:togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
So your target is a 5% increase in your account per month? You are a very very experienced trader but I thought that pro traders made hundreds of percent a year. Is 5% a more realistic target? If it is then my tiny $1000 account is not big enough to make any significant profits
pro traders make like 20-30% a year with very low risk
Mitglied seit Jul 12, 2018
23 Posts
Apr 04, 2019 at 11:38
togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
I agree. No need to measure the profit per trade in pips. And it really doesn't help your performance to know how many pips professional traders make.
Mitglied seit Sep 12, 2015
1933 Posts
Apr 04, 2019 at 15:20
FMovingAverage posted:togr posted:
There is no such rule.
If you are some day making more pips than is your targer you surely won't stop and trade even more.
If you are some day not makinmg enough pips you surely not meet the target.
The question should be ho much profit should you make per month to make your trading time worth it.
For me target is about 5% and I am slightly below that.
I agree. No need to measure the profit per trade in pips. And it really doesn't help your performance to know how many pips professional traders make.
It becomes useful to know how much the pair your trading moves on a daily basis if your a short term trader
"They mistook leverage with genius".
forex_trader_688163
Mitglied seit Feb 28, 2019
128 Posts
Apr 05, 2019 at 06:31
It depends on your trading style not pips value.
If you are scalper, how do you want to achieve 5,000 pips per month which is easier for swing trader?
Pips value is not important thing to consider.
Your job is to get the profit from Forex trading only.
How to get it?
It depends on you.
If you are scalper, how do you want to achieve 5,000 pips per month which is easier for swing trader?
Pips value is not important thing to consider.
Your job is to get the profit from Forex trading only.
How to get it?
It depends on you.
Mitglied seit Feb 10, 2019
52 Posts
Apr 05, 2019 at 11:31
tracydavison posted:
very interesting thread :) some great advice here
Yeah agree, some good information here
Mitglied seit Feb 26, 2019
6 Posts
Apr 07, 2019 at 06:36
Try not to set daily targets. If the market doesn't move then you'll end up chasing pips that aren't available! Entering trades left right and centre.
Investing in your future!
Apr 08, 2019 at 09:44
We the traders who are particularly scalpers have to choose the brokers which for all time make sure lowest trading spreads which is very supportive to make profit with certainly by using scalping policy that brings profit in a short time.
Mitglied seit Feb 22, 2019
9 Posts
Apr 09, 2019 at 06:03
Scalper also need to keep an eye on commissions. many broker offer low spread to tempt scalper in but then they have very large commissions that take all the profit away
Mitglied seit Apr 09, 2019
13 Posts
Apr 09, 2019 at 13:46
I do not set daily targets for pips
Slow but Profiting
Mitglied seit Apr 09, 2019
13 Posts
Apr 09, 2019 at 13:46
Setting daily targets for pips may ruin your day, but instead focus on the Market open you wish to trade on
Slow but Profiting
Mitglied seit Apr 01, 2019
4 Posts
Apr 12, 2019 at 09:41
When comparing pip goals with each other, one must remember that some people open more than one order at the same time. This multiplies the number of pips gained/lost for a single given pair movement. For example, today I made 1,087 pips but the pair movement was 11 pips.
You win some and you lose some
forex_trader_688163
Mitglied seit Feb 28, 2019
128 Posts
Apr 12, 2019 at 12:07
StayFrosty posted:
When comparing pip goals with each other, one must remember that some people open more than one order at the same time. This multiplies the number of pips gained/lost for a single given pair movement. For example, today I made 1,087 pips but the pair movement was 11 pips.
Wow. Mine so far at least 2,000 pips per month.
Mitglied seit Aug 05, 2016
19 Posts
Apr 12, 2019 at 12:19
dont try too hard the easter bank holidays are coming
Mitglied seit Apr 09, 2019
13 Posts
Apr 16, 2019 at 05:31
Never you set target to make
Slow but Profiting
Mitglied seit Apr 09, 2019
13 Posts
Apr 16, 2019 at 05:31
But do on average
Slow but Profiting
forex_trader_643759
Mitglied seit Jan 17, 2019
13 Posts
Apr 28, 2019 at 11:16
Wrong question to start trading forex with. If your goal to make pips every day let me tell you fridend market won't simply give you intake it will take it from you what you have already made. I had the same question, same mind set 4 years ago. Earned not of money and lost lot of it too. Speaking from real experience. Goal should be how not to lose, how to protect your capital and make consistent mony over times.
Mitglied seit Feb 10, 2019
52 Posts
Apr 30, 2019 at 14:42
Hedgefunderpro posted:
Never you set target to make
Exactly!!!
May 19, 2019 at 10:08
I`ve found something interesting lately. 10 pips a day rule. In short a target is 10 pips for a day and in long term this can provide you serious profit. Sounds strange for me but I think to test it in demo and see the results.
momchil_slavov@
May 20, 2019 at 06:08
In the event that I could guarentee that I would make just 1pip every day, at that point I would be a rich man. The issue isn't what number of pips every day except how likely you will make any benefit at all in multi day. A great many people lose sometime in the not so distant future (if not generally day)
