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What is your daily target??
Anggota Sejak May 04, 2015
8 pos
Jun 09, 2015 at 06:51
Anggota Sejak May 04, 2015
8 pos
Hi:
Just curious about how you all set targets. I personally try to make 2% per day with minimal risk.
How do you all set your targets?? I know some people may set goals based on number of pips made and others may use percentages, I know this would also depend on the lot sizes used plus the size of the account.
Hoping to hear what works for you all.
Just curious about how you all set targets. I personally try to make 2% per day with minimal risk.
How do you all set your targets?? I know some people may set goals based on number of pips made and others may use percentages, I know this would also depend on the lot sizes used plus the size of the account.
Hoping to hear what works for you all.
Jun 09, 2015 at 09:19
Anggota Sejak May 11, 2011
71 pos
Freerenkosignals posted:
Hi:
Just curious about how you all set targets. I personally try to make 2% per day with minimal risk.
How do you all set your targets?? I know some people may set goals based on number of pips made and others may use percentages, I know this would also depend on the lot sizes used plus the size of the account.
Hoping to hear what works for you all.
imho 2 % with minimum risk ist in a long term not possible. If I can achieve 5 to 10 % per month in a consistent way I will be very happy.
Anggota Sejak Apr 04, 2010
14 pos
Jun 09, 2015 at 18:14
(diedit Jun 09, 2015 at 18:15)
Anggota Sejak Apr 04, 2010
14 pos
Met a guy with a very interesting outlook. Just make 10pips = 1% of your account value and make 10 pips per day - day in and day out.
Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.
A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.
Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.
A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.
If you like it, buy it. If you don't sell it.
Jun 12, 2015 at 08:48
Anggota Sejak Apr 26, 2015
9 pos
I have always used a $ amount for the day. Stared with $20/day then 50-100-300 and $500. As my account grew, so did my confidence and daily target.
I need to get paid for my time and efforts. It's a job. You don't go to your boss and tell him 'oh whatever you feel like paying'.. or start the day with 'let's see how much I'll make today....'
It's all about the $. I am not here to stoke my ego with 'pips or percentages'.
I need to get paid for my time and efforts. It's a job. You don't go to your boss and tell him 'oh whatever you feel like paying'.. or start the day with 'let's see how much I'll make today....'
It's all about the $. I am not here to stoke my ego with 'pips or percentages'.
Make Money!
Anggota Sejak May 04, 2015
8 pos
Jun 12, 2015 at 08:50
Anggota Sejak May 04, 2015
8 pos
focusedfinance posted:
Met a guy with a very interesting outlook. Just make 10pips = 1% of your account value and make 10 pips per day - day in and day out.
Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.
A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.
Well said, makes perfect sense. So by saying this it is agreed that trading a larger account is much easier than trading small accounts, certainly less stressful.
Anggota Sejak Oct 02, 2014
909 pos
Jun 19, 2015 at 14:10
Anggota Sejak Aug 09, 2011
21 pos
My EA target is 25% -30% for each movement.
https://www.myfxbook.com/members/StingRay/contest-stingray/1264807
https://www.myfxbook.com/members/StingRay/contest-stingray/1264807
financial freedom by using own hand make EA.
Anggota Sejak Dec 09, 2011
75 pos
Anggota Sejak May 20, 2011
724 pos
Anggota Sejak May 20, 2011
724 pos
Jul 13, 2015 at 06:27
Anggota Sejak Jan 05, 2015
32 pos
focusedfinance posted:
Met a guy with a very interesting outlook. Just make 10pips = 1% of your account value and make 10 pips per day - day in and day out.
Another thing with FX. All traders want the same thing. Profit. Lets say this profit is $150k/year regardless of strategy or account balance.
A guy with a $500 account needs to run more leverage or make more pips than a guy with a $50k account. This is a difference is not often taken into account. Building an account requires a very different set of skills compared to cruise control on a $50k account. More often than not I see guys who double or triple accounts inside of a month. Ask what their balance is and invariably they give you a sub $5,000 number. Guy is trading like a demon and barely making a living. Take that guy - give him $25k and tell him to slow down and make you 50% over 2 months and everyone will still come out a winner.
Do you know of a good pip calculator to figure 10 pips = 1% of your account value?
"Do or Do Not. There is No Try"....Yoda
Anggota Sejak Sep 06, 2013
137 pos
Jul 13, 2015 at 12:32
Anggota Sejak Sep 06, 2013
137 pos
I think a yearly target is a little more realistic - after all everyone will have loser weeks or months every now and then so in my opinion the bigger picture counts.
My personal target is 20% per year
My personal target is 20% per year
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Anggota Sejak Oct 11, 2013
775 pos
Jul 19, 2015 at 06:28
Anggota Sejak Jul 13, 2015
1 pos
alexforex007 posted:I agree with you,only freshman make short term target,most of them will be washed out in one year. in the forex market, in general the more you trade, the quicker you become a losser.
In my humble opinion, I dont think it is a good idea to set a daily, weekly or monthly target, because you may be forced to take trades that may not fill your trading parameters or strategy.
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