How many pips a day ?

Basics of Standard Lot. A standard lot represents 100,000 units of any currency, whereas a mini-lot represents 10,000 and a micro-lot represents 1,000 units of any currency. A one-pip movement for a standard lot corresponds with a $10 change.

sgtmarkets posted:
I think daily 20 pips hunt is enough!

More than enough even. 😎

walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

It is very difficult to get regular pips every day.
I usually earn about 200-300 pips per week.

walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

While there can’t be an exact answer to this question as trading X amount of pips each day is unrealistic since markets do not move in a predictable manner . This question is relative to every trader and his strategy . Setting up a target of making X pips a day is a really difficult thing to do. Such a daily target shall be ineffective as it encourages more trading when strategy is ineffective and vise versa. Also , number of pips per pay will depend on a trader’s strategy and his goals.

smith_fx posted:

walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

While there can’t be an exact answer to this question as trading X amount of pips each day is unrealistic since markets do not move in a predictable manner . This question is relative to every trader and his strategy . Setting up a target of making X pips a day is a really difficult thing to do. Such a daily target shall be ineffective as it encourages more trading when strategy is ineffective and vise versa. Also , number of pips per pay will depend on a trader’s strategy and his goals.

So what would be a good target? Maybe a monthly target? I think that targets are good as it can keep us focused and looking for trade

It depends on your trading strategy and ability of making decisions.

yes daily is way to short. Some days I make 0 pips. other days 100pips. But over a month it is much more even

I been only trading for a year. I have resources that I get my education from and I get free trades, maybe 10 per day. I average around 100 pips a day. Some day are higher some days area little lower. I would love to connect with other traders.

You can probably try to make a monthly analysis of them and not limit them to a day or two. Good luck.

Having a goal is good for trading. But do not force your trading to achieve that result.

Probably around 200 to 300 pips on a monthly basis works for me.

margaritastephen posted:
Probably around 200 to 300 pips on a monthly basis works for me.

All traders may not the same. So, I think it depends on the traders ability.

walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

Im more about the percentage growth if i hit 2% im out for the week

Jungle78 posted:

walpandree posted:
Hi everybody.

I'm a newbie here and in forex too.

Just wondering how many pips are you doing each day (in long-ime average) ?

Thanks in advance

Im more about the percentage growth if i hit 2% im out for the week

Me to. PIps is such a pointless measure. $$$ is only what matters

Learn as much as possible. However, don’t trade without a proper trade setup.

SofieAndreasen posted:
Learn as much as possible. However, don’t trade without a proper trade setup.

Yes. Learning is very important in this market.

gruntlimbic posted:
You can probably try to make a monthly analysis of them and not limit them to a day or two. Good luck.

Yes. I agree with you.