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How many pips a day ?

smith_fx
Aug 01 2019 at 06:48
posts 33
walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance


While there can’t be an exact answer to this question as trading X amount of pips each day is unrealistic since markets do not move in a predictable manner . This question is relative to every trader and his strategy . Setting up a target of making X pips a day is a really difficult thing to do. Such a daily target shall be ineffective as it encourages more trading when strategy is ineffective and vise versa. Also , number of pips per pay will depend on a trader’s strategy and his goals.

TitusD
Aug 01 2019 at 09:47
posts 10
smith_fx posted:
walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance


While there can’t be an exact answer to this question as trading X amount of pips each day is unrealistic since markets do not move in a predictable manner . This question is relative to every trader and his strategy . Setting up a target of making X pips a day is a really difficult thing to do. Such a daily target shall be ineffective as it encourages more trading when strategy is ineffective and vise versa. Also , number of pips per pay will depend on a trader’s strategy and his goals.




So what would be a good target? Maybe a monthly target? I think that targets are good as it can keep us focused and looking for trade

GeorgeBischof
Dec 19 2020 at 12:36
posts 318
It depends on your trading strategy and ability of making decisions.

turnipfollow
Jan 08 2021 at 09:32
posts 27
About 200 to 300 a month is an okay start. You can always research and keep learning as you go.

tacosgild
Jan 13 2021 at 10:43
posts 18
If you look at a daily analysis, it’ll be a very short time and you should probably look at average pips per month. You can also set a 2 to 3 month target on them and analyse. Pips also depend upon your trade duration so you can check accordingly. I don’t really like setting pip based targets and I like my simple profitable system. For brokers, I sometimes trade with Ig or Xm and at times with Etoro and Fxview. But with all them I focus on trading the trends in a 4 hour timeframe.

joastdaffy
Feb 04 2021 at 10:03
posts 24
You should try to look at monthly pips. This will give you a better idea. Good luck.

Yijun
Feb 04 2021 at 10:43
posts 6
yes daily is way to short. Some days I make 0 pips. other days 100pips. But over a month it is much more even

csbattle81
Feb 04 2021 at 12:28
posts 1
I been only trading for a year. I have resources that I get my education from and I get free trades, maybe 10 per day. I average around 100 pips a day. Some day are higher some days area little lower. I would love to connect with other traders.

gruntlimbic
Mar 04 2021 at 12:18
posts 9
You can probably try to make a monthly analysis of them and not limit them to a day or two. Good luck.

LyudmilLukanov
Mar 04 2021 at 13:54
posts 795
Having a goal is good for trading. But do not force your trading to achieve that result.

margaritastephen
Mar 11 2021 at 10:36
posts 20
Probably around 200 to 300 pips on a monthly basis works for me.

SteveHanks
Jul 29 2021 at 12:48
posts 536
margaritastephen posted:
Probably around 200 to 300 pips on a monthly basis works for me.

All traders may not the same. So, I think it depends on the traders ability.

WaltonCharles
Jul 31 2021 at 08:37
posts 144
SteveHanks posted:
margaritastephen posted:
Probably around 200 to 300 pips on a monthly basis works for me.

All traders may not the same. So, I think it depends on the traders ability.

Yes. It depends on the traders ability.

Jungle78
Aug 05 2021 at 10:07
posts 104
walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

Im more about the percentage growth if i hit 2% im out for the week

brownrice
Aug 05 2021 at 10:24
posts 9
Jungle78 posted:
walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

Im more about the percentage growth if i hit 2% im out for the week


Me to. PIps is such a pointless measure. $$$ is only what matters

SofieAndreasen
Sep 01 2021 at 21:56
posts 759
Learn as much as possible. However, don’t trade without a proper trade setup.

SteveHanks
Sep 03 2021 at 08:45
posts 536
SofieAndreasen posted:
Learn as much as possible. However, don’t trade without a proper trade setup.

Yes. Learning is very important in this market.

croisssan
Sep 03 2021 at 12:29
posts 939
Basically, it all depends on how well your day is in terms of trading.

SteveHanks
Jan 09 at 19:21
posts 536
gruntlimbic posted:
You can probably try to make a monthly analysis of them and not limit them to a day or two. Good luck.

Yes. I agree with you.

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