Hi,
I read somewhere that making just 10 pips per day for 1 year will make you aalot of money. Somewhere around $300000 I think. Say I make 10 pips 5 days per week for a month (200 pips per month). If I keep doing this it should be only $2400 in one year. But when I put these numbers in the spreadsheet, it said $300000. My question is , does this make sense? Please assume I have 100% winning system.
Thanks for you help
Please assume I have 100% winning system.
I could make millions with one pip a day or a week with that assumption. 
We can’t answer that question. 
You’re getting confused about what a pip really is. It’s basically a unit of distance, it’s not a unit of money. A single pip can be worth hundred of dollars, or it can be worth less than a penny.
Image you sell cars for a living… How many cars do you have to sell to make 1 million dollars in a year? If your selling Ferrari’s you only need to sell a few per year, but if you’re selling beat up old used cars you’d need to sell thousands of them… 
You should hit the “School” tab at the top of the page and read the “School of Pipsology.” It will explain better than I ever could what a pip is and what it does.
Yes but assume im only going for 10 pips a day no more.
Mathmatically, yes if you consistently made 10 pips a trade, kept winnning and kept compounding, it could turn into serious cash.
But, in real life trading for 10 pips is unrealistic. Most methods assume a rr ratio of 2 to 1 or 1 to 1. So, your SL, would be -10 or -20 pips, which as far as a SL is rediculous and allows for no price movment, even if you are right about the direction upon entry.
Say the spread is just 2 pips on your pair. Upon entry you are automatically -2 pips negative. So, from the entry if your SL is 10 pips, price only has to move 8 pips for you to get stopped out.
Spikes and quick movment, and even normal up and down price occilation can eat a 10 pip sl in blink of an eye.
Going for very tight pip gains is basically scalping, scalping severly impedes your overal postive expectancy.
What Phil said…it depends on what value your pip is…
If you’re trading standard lots, then your pip is worth (approx) $10 each, so x 10 pips = $100/day.
If you’re trading minilots, then your pip is worth (approx) $1 each, so x 10 pips = $10/day.
If you’re trading microlots, then your pip is worth (approx) 10 cents each so x 10 pips = $1.00/day
…see what we mean? Don’t get too excited tho…you’ve got a long road ahead of you…
If you make 10 pips per day then its a matter of how many lots you trade. In reallity though it would be unwise to trade and not set a stop loss, so where would you set your stop loss? In normal market conditions you could be stopped out before you make those 10 pips. If you suffer series of loss then you would need a series of wins just to break even. I think 10 pips is a little too close. If you are lucky and have over 90% win then 10 maybe good enough. For me 60% of my trades go bad so I have to set my win loss ratio at 3:1 and risk only 1.5% of my money.
there is no such thing as a 100% winning stratergy, there for i could assume that. i have made money of 10 pips a day on a 90 % winning stratergy working with a break out system, however due to trends in the market 1 bad month could have wiped 6 months profits therefor i decided to better my RR before i got kicked, you could make 10 pips or 1pip day consistantly for a few months but if your not carfull you will get wiped eventually, i have now changed my RR fo my personal system so it gives me more breathing space.
yes it is possible!
My system is this:
That means: $100 per day divided by 10= $10 per pip
there are 22-23 days of trading activity per month.
I will allow myself to lose 2 days and win 20 days, that means money in the pocket are from the 18 days!
Month 1.
Now, 10pips*$10=$100*18days=$1800+$2000(my capital)=$3800
Month 2.
5% of $3800= $190*18days=$3420+$3800= $7220
(1pip=19$*10pips=$190)
Month 3.
5% of $7220=$36118days=$6498+$7220=$13718
(1pip=$36,110pips=$361)
Month 4.
5% of $13718=$685,918days=$12346+$13718=$26064
(1pip=$68,5910pips=$685,9)
Month 5.
5% of $26064=$1303,2118days=$23457+$26064=$49521
(1pip=130,3210pips=1303,21)
Month 6.
5% of $49521=$247618days=$44569+$49521=$94091
(1pip=$247,610pips=$2476)
Month 7.
5% of $94091=$470418days=$84682+$94091=178773
(1pip=$470,410pips=$4704)
Me personally I will stop here doublimg my account.
Month 8.
10% of $178773= $17.877 per month, not anymore per day!
that means that 20 pips per month (1pip=$893)(5pips per week!) will make that amount!
20% of $178773= $35.754 per month,40 pips per month(10pips per week)!
30% of $178773= $53.631 per month,60 pips per month(15pips per week)!
In order to make each pip to cost a certain amount we fix the lot size.
So, after my full 7 month period (I call The Great 7/10) which we don’t take any of the money we make for 7 months, we can have a monthly income, of 10% or 20% or 30$ of the amount of money someone has made and saved!
10pips are the easiest, don;t listen to the people who are saying it is not! and sometimes we can even make more than that, so, calculate 2 pips extra for the broker!
My pair is EUR/USD and my broker has a fixed spread of 2 pips, and since I will not play in huge volatility the spreads will be 2 pips and he will also be happy because the bigger the lot the bigger his profit!
I don’t know much about brokers or what are exactly they want Forex investors to do, but with my simple logic, I believe that a serious broker wants you to win, to make money, to know how to play, becuase then, the more you play, the bigger his profit, if you lose money, are air, he is not getting anything! He is just getting his spread and his is getting even with the money you lost from your account!
It doesn’t make any sense that the broker wants u to lose!
Simple math!
My system is simple math, no stess, no crazy robots, no thousants of pips per month, no triple and whatever multiply someone can think of of your capital.
I am 27, and in 6 months I will be 28, I feel great that I have a goal and a system which makes sense, it is moderate easy, and I will make appx $17.000 per month and even more after 7 months so easy!
It is fast, it is free to learn it, and you don’t have to be the King of Pips
THE MOST IMPORTAND THING IS THAT TO MAKE EASY 10PIPS U NEED TO KNOW TECHNICAL ANALYSIS AND FUNDAMENTAL ANALYSIS, FOREX IS NOT GAMBLING, IT IS A SERIOUS BUSSINESS WHICH IF YOU TREAT IT LIKE A SERIOUS BUSSINESS WILL GIVE YOU BACK RICHES!
IT IS NOT AN ACCIDENT THAT ONLY THE 10% OF FOREX INVESTORS ARE ACTUALLY MAKING MONEY.
They have done their homework and they have a system which they follow it!
ahh, i love the numbers game. very few people accomplish what you are trying to do, not saying you cant or wont, just reminding you. whats the percentage again? 95% of traders dont make it? in otherwards 95% of traders pay the ones that are doing the numbers game successfully 
Keep dreaming…
Thats everyones thinking when they start with forex, building castles on air until reality kicks in the minute you start live trading, nothing wrong in sharing dreams
i am trading everyday in a demo account.
and i know real life is little different but remember also that math and statistics and indicators show to you the possible future! But you are buying from these aren’t you!
math in this case showing me that, maybe the reason only a 10% at best people actually making money, do have a system, which it is easy,
It doesn;t make sense that the winners are the lucky ones, or else that would be a gambling game, or the Kings of Pips which only few very very educated ones could succeed!
Which I found it logically and mathematically ridiculous!
So, to the negative posts, my question is this: did u ever seriuosly try that even at a demo account and it didn;t work?
Do u have a logical explanation why it is just a dream and not a logical and very possible reality?
Or you just dont like to try sometimes things that are to easy to follow?
here is a website (it has been removed, i didn;t know it is not allowed and it can be considered as advertisement!)
Anyway there is a system that u start with $1000, u make the 25% each month and in 2 years the 25% becomes almost 53.000 dollars., maybe for you 2 years to make $53000 per month it is more realistic! For me it is a great plan!
now tell me that u believe that making the 25% each month of a $1000 account which leads after 2 years to that amount of income is also a dream!
Life is a dream too, but i feel it so real!
to the positive posts, thank you, i am planning of learning Forex and stick to my plan to make it happen! Practice Practice!
forex is a bussiness and in bussiness nothing is impossible when makes a logical sense!
thank you!
i am already practicing my stystem on a demo account,
and practice makes perfect!
also, 10 pips per day, are not that hard to make!
i have all day so, i can watch it the hours has the most volatility.
well said!
what humans would be if we didn’t make our dreams into a reality?
and Forex as any job, is a dream which needs work and a plan!
Classic
maybe 180 pips per month is more classic!
10 pips is the average per day!
what is harder to do?
to make 500 pips per month? or to make 180 pips per month?
which one according to real life forex has the biggest risk loosing?
the 500 pips?
or the 180pips?
the first one has 3 times more chances to lose and to wipe out the whole account, even with a lot of 0.1!
in my system, u lose, thats it! you move on,
tell me one system, with no crazy money in 7 months, a more realistic one, which it is more effective and u don;t need to be the King of Pips to survive in this business!
Even if u trade the 2.5% of your account in one year still u can make a really good living out of it without going crazy for pips!!!
a bigger lot size with a smaller amount of pips per month it is much safer than go nuts for pips and being cheap and stress out because u don;t want to loose 2 or even 3 times per month which is 30 pips according to my plan!
I have already started applying my plan to my demo account, and one week now i have no negative pips! I will stick to my demo for at least 3 months! if not even more!
10 pips, and i walk out!
I think 10 pips a day every trading day is possible…I dont wish to be rude but the problem with the people who cant seem to get aleast 10 pips a day, is because of the negtive thoughts they hold in there minds [B](“All that a man achieves and all that he fails to achieve is the direct result of his own thought”)[/B]
Have a great day.
I have been working on a system that makes 10 pips with a 10 pip loss also, trust me its hard to try to trade for only 10 pips but it has been profitable.
Jan 18-22 15 wins 7 losses
Jan 25-29 13 wins 4 losses
Feb 1-5 7 wins 4 losses
Feb 8-12 6 wins 2 losses
Feb 15-19 8 wins 2 losses
Feb 22-26 11 wins 5 losses
So far that totals 60 wins and 24 losses
36 wins, now sure some of my losses are 11 or 11.5 and some of my wins are the same but i try to keep it tight. No SL or Limit