how many pips a year do you need to make ?

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.

Hello Sofie,

Could I ask you if the broker you currently use provides you with rebates for trading? This could make a relevant difference in your trading account.

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.

How many pips you earn depends on the risk-reward. The better the risk-reward, the better the trading earning. However, I usually target 2400 pips annually.

That’s not what the target should be based on. I aim at anywhere around 10% monthly.

Greater pips movement does not necessarily mean more profits. Have a different profit target instead, something in line with your trading capital.

A moot point, the more the better. This is my answer.

Per month 400 pips for my goal. 4000pips per year target.

Pips don't matter, but your YTD does. 😉

@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.

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.

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.

I would like to make 5 pips a day. and with correct knowledge the target does not seems to be big.

perryjohn765 posted:
I would like to make 5 pips a day. and with correct knowledge the target does not seems to be big.

Don't force yourself to achieve the target. Otherwise you will end up doing over trading to get that target.

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.