There is no way you can average hundreds of pips per month

With a 500x 100k account making 20 pips a day you would make a million dollars in a few days. Brokers will not even let you do that.

Anyone who claims to have achieved this either made a math error or hasn't been trading long. A realistic maximum gain is more like 5-10 pips a day...

interesting thoughts Mustang19.

I maybe wrong and if someone knows better, please correct me.
but from my understanding brokers have 2 streams they can put you in. one is for the profitable where your order leaves their desk and they place the trade in the real markets for the exact one you placed.
then there is a internal stream where they take the other side of your trade and hope you loose.

I have a broker that says they are a 'true ECN' their sales pitch is that your trades gets sent to the real markets.

But I know what you mean its hard not to think of brokers as casinos trying to win against you.

also 100's of pips a month is not that hard once you learnt the ropes.. and pulleys.. and tricks..

@Mustang19
I do 20 pips a day for years so dont tell us it is not possible

@Mustang19
even more pips monthly can be achieved
So where is your 100k account to manage?

@Mustang19
Made almost 3,000 this year so how many yours 100k accounts you let me manage?

More than 10 pips a day are realistic. Even fully automated.

Average since inception around (average) +12 pips per day.
This month in average over +38 pips per day.

Actually, consistency is the key! If you are consistent enough then surely end of the year you’ll get enough number of pips whatever small trading account it was!

Mustang19 posted:
With a 500x 100k account making 20 pips a day you would make a million dollars in a few days. Brokers will not even let you do that.

Anyone who claims to have achieved this either made a math error or hasn't been trading long. A realistic maximum gain is more like 5-10 pips a day...

The majority of traders don't have those kinds of accounts anyway.
However, making 20 pips per day is possible, it's just that few are able to achieve it.

mlawson71 posted:

Mustang19 posted:
With a 500x 100k account making 20 pips a day you would make a million dollars in a few days. Brokers will not even let you do that.

Anyone who claims to have achieved this either made a math error or hasn't been trading long. A realistic maximum gain is more like 5-10 pips a day...

The majority of traders don't have those kinds of accounts anyway.
However, making 20 pips per day is possible, it's just that few are able to achieve it.

Yes; everything is possible here! But, it’s not an easy task for a long run.

togr posted:
@Mustang19
I do 20 pips a day for years so dont tell us it is not possible

Really? Do you have a myfxbook link to substantiate the claim?

If you think your going to make a consistent amount of pips your fooling yourself ,some days you will make zero pips other days 100 pips ,if I have a limit on say 20 pips a day am I not limiting myself from making a lot more,I limit myself to downside risk so tomorrow I am still in the market to make it back.It's human psychology to close out winning positions to soon and let loosing trades run your account into the ground.It doesn't surprise me that some traders are making 20 pips a day on average that is normal for experienced Traders.

togr posted:
@Mustang19
I do 20 pips a day for years so dont tell us it is not possible

If that was the case a $1000 account would make you a trillionaire by now...

Clearly there is some kind of math error here, or you are trading Venezuelan dollars somehow.

There is no such thing as 'X pips a day' trading Forex or any other instrument for that matter. Be it 20 or 500 or just 1 pip. Trading is not linear. If you want regular income, buy a house and rent it out instead.

I can do 100 pips a day for common. Want proof? Open a DEMO or REAL account and email me the Account number and Password so that I can prove it to you personally, without any doubt. I prefer you use a broker with low spread. I use TradersWay as my broker. They have low spread but the choice is yours.

Now the ball is in your court.

My name is Sylvester

maybe your math is out.

in my situation an average pips could be $10 for my 1 std lot. so a 20 pip day makes $200

so on a $50,000 account 1:500 my margin call is $200, which is the risk.
I treat the margin call as the risk even though my stop loss maybe a lot less. (once bitten..)

maybe check your numbers again.. I found MT4 to be confusing and not clear with the numbers.
cTrader is a lot better and clear with how much you are risking. etc.

stuart_trade74 posted:
maybe your math is out.

in my situation an average pips could be $10 for my 1 std lot. so a 20 pip day makes $200

so on a $50,000 account 1:500 my margin call is $200, which is the risk.
I treat the margin call as the risk even though my stop loss maybe a lot less. (once bitten..)

maybe check your numbers again.. I found MT4 to be confusing and not clear with the numbers.
cTrader is a lot better and clear with how much you are risking. etc.

I am talking about unleveraged pips. If you are talking leveraged pips then anyone can make 50% a day if they have generous margin and leverage massively.

A pair on average does about 25 000 to 45 000 value changes per pair per day. So on the 8 main currencies which generate 28 pairs you can easily do several thousand pips a day....

The main factors that prevent people from doing this is trade sizes and volume restrictions. It generates an incredible amount of open trades as you can well imagine, but it can be done.

Dove_Services posted:

togr posted:
@Mustang19
I do 20 pips a day for years so dont tell us it is not possible

Really? Do you have a myfxbook link to substantiate the claim?

I had actually posted the links to my post. Someone had deleted it. Dont believe that? Me neither. It is true sadly.

Mustang19 posted:

togr posted:
@Mustang19
I do 20 pips a day for years so dont tell us it is not possible

If that was the case a $1000 account would make you a trillionaire by now...

Clearly there is some kind of math error here, or you are trading Venezuelan dollars somehow.

May be you made a calculation error.
very roughly Profit = pips*trade size. Did you take trade size into account?