How many pips a day ?

We the traders who are particularly scalpers have to choose the brokers which for all time make sure lowest trading spreads which is very supportive to make profit with certainly by using scalping policy that brings profit in a short time.

Scalper also need to keep an eye on commissions. many broker offer low spread to tempt scalper in but then they have very large commissions that take all the profit away

I do not set daily targets for pips

Setting daily targets for pips may ruin your day, but instead focus on the Market open you wish to trade on

When comparing pip goals with each other, one must remember that some people open more than one order at the same time. This multiplies the number of pips gained/lost for a single given pair movement. For example, today I made 1,087 pips but the pair movement was 11 pips.

StayFrosty posted:
When comparing pip goals with each other, one must remember that some people open more than one order at the same time. This multiplies the number of pips gained/lost for a single given pair movement. For example, today I made 1,087 pips but the pair movement was 11 pips.

Wow. Mine so far at least 2,000 pips per month.

dont try too hard the easter bank holidays are coming

I don't have a set target of pips per day, as long as I am making more than I am losing I am content.

Never you set target to make

But do on average

Wrong question to start trading forex with. If your goal to make pips every day let me tell you fridend market won't simply give you intake it will take it from you what you have already made. I had the same question, same mind set 4 years ago. Earned not of money and lost lot of it too. Speaking from real experience. Goal should be how not to lose, how to protect your capital and make consistent mony over times.

Hedgefunderpro posted:
Never you set target to make

Exactly!!!

I`ve found something interesting lately. 10 pips a day rule. In short a target is 10 pips for a day and in long term this can provide you serious profit. Sounds strange for me but I think to test it in demo and see the results.

In the event that I could guarentee that I would make just 1pip every day, at that point I would be a rich man. The issue isn't what number of pips every day except how likely you will make any benefit at all in multi day. A great many people lose sometime in the not so distant future (if not generally 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