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.
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.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.