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Profit target?

CraigMcG2020
Jul 25 2021 at 15:30
192 ieraksti
TP is so key. For me it is related to my risk to reward. A proper trading plan is so vital.

lovefortrading (perryjohn765)
Jul 26 2021 at 06:30
238 ieraksti
i belive TP is as per the market movement, 5-10 on a big lot can be very good without a doubt. but sometime 2-3 pips would do the trick as well

UweMoench
Aug 01 2021 at 17:39
737 ieraksti
Profit target should depends on your strategy. But it should not flactuate too much. It is bad for your psychology. You becomes indicisive about target. We need to be disciplined.

gepards
Aug 02 2021 at 07:20
4 ieraksti
Made several hundreds backtests/optimizations for various EAs. Trailing for me seems works not so good as fixed TP or TP based on some indicator.

Marcel Durham (MarcellusLux)
Aug 02 2021 at 11:19
113 ieraksti
The profit target depends on:
market situation
analysis results (predictions and possible scenarios)
fundamental parameters
risk/reward ratio (if you have a strict one)

islandrock
Aug 02 2021 at 11:38
8 ieraksti
MarcellusLux posted:
The profit target depends on:
market situation
analysis results (predictions and possible scenarios)
fundamental parameters
risk/reward ratio (if you have a strict one)



That is a lot information to analyse. How do you process all that and come up with an actual price for the TP

mab8
Aug 02 2021 at 12:28
41 ieraksti
Michihito posted:
Actually everyone's expectation is different. Understanding, knowledge and strategy are also different. Yes 10 to 20 pips per day can be good enough if you can consistently make it. And when your target is 10 pips daily you may be need to increase your lot size. Hence risk comes. You have to be skilled and disciplined.

The target will depend on how much you can stand to lose. This obvioulsy varies from one trader to another. Besides the capital, it also reflects on the expereince of the trader too.

Akasuki
Aug 02 2021 at 13:26
441 ieraksti
Profit depends on trading strategy and plans. It also depends on your skills. I can't target 200 pips if my skills do not permit it.

Nuadahuginn
Aug 04 2021 at 16:22
22 ieraksti
Profit target depends on many different factors like trading strategy you use, your risk portfolio, the amount of time you devote to trading, risk/reward ratio and so on. So, it is next to impossible to give the absolute answer to this question as it mainly depends on a person and the way he/she trades.

LukeRachel
Aug 04 2021 at 18:28
453 ieraksti
There needs to be a target to meet the goal. Similarly, after doing a trading analysis, it is necessary to have a profit target. This makes it easier to make a plan.

UweMoench
Aug 05 2021 at 07:34
737 ieraksti
@LukeRachel Yes profit target is needed. But many traders have unrealistic profit target. Profit target should match our skills and experience.

Unellene
Sep 12 2021 at 13:40
283 ieraksti
Well, if there is no goal in trading, such as profit, then what could be the goal?

Marcel Durham (MarcellusLux)
Sep 14 2021 at 11:05
113 ieraksti
islandrock posted:

That is a lot information to analyse. How do you process all that and come up with an actual price for the TP


I rarely trade short-term, and rarely enter trades during news moves. Therefore, I have time to do the necessary analysis. I have a trading system that works clearly and most of the analysis I perform long before the trade opening, during the preparation and determination of probable entry points.

BookZerp
Sep 15 2021 at 20:13
8 ieraksti
Profit target is a sheer subjective thing and it depends on many different factors like trading strategy, trader's activity and their approach to the markets and trading, it also depends on the lot size and trading budget. Like people with huge budget can afford making 10 pips per day and feel fine with that, while others, whose deposit sizes are small, need to make more deals and thus risk more in order to make more pips.

Suradi (FXOday)
Sep 15 2021 at 23:43
203 ieraksti
Usually, you will felt regret if set too large a target, in analysis maybe will face where your confidence leading to set larger target due to support and resistance zone level still far, but actually, the market is dynamic and a small target will easier to reach than the large target, so trader also need to learn how to set best target profit

skihav
Sep 16 2021 at 17:14
513 ieraksti
It should be understood that signals may not always be profitable. Here it depends more on the trader's ability to use them correctly and understand the market situation.

Unellene
Sep 17 2021 at 11:04
283 ieraksti
What other purpose can there be in trading? few people come just for the sake of emotions

marcusobrien
Sep 18 2021 at 08:27
44 ieraksti
@BookZerp people with smaller deposits can always go for leverage and make a good money out of it.I have come across many traders who had limited money but through leverage they were able to increase their portfolio’s value . Yes there is doubt that using high leverage in forex is very risky but the rewards are also huge.

HeavenLeighGill (HeavLeighGill26)
Sep 20 2021 at 14:31
150 ieraksti
I don’t exactly give myself goals to make x amount of money. I try to focus more on self-improvement and it seems like that helps to improve my profits over time. Also don’t rely on trading as a main source of income, so everything I make is looked at as extra money.

Unellene
Sep 21 2021 at 12:09
283 ieraksti
well, for some people, the goal in trading is not only profit, but also the pleasure of the work process itself

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