100,000 Pips A Month

Beginner Questions
1

Got your attention?

Good. This is for newbies starting out and the discussion here is about PIP COUNT MANIPULATION or OVER INFLATED PIP COUNT.
Hopefully you will understand these concepts because as you learn might see advertisments/systems claiming
100-200-300 - 10,000 pips when in reality doesnt live up to it.

This is hopefully to help newbies that are getting a hardon about a advertisement or services with big claims and willing to throw all their money
towards their services without getting all the facts.

First off. Lets get something clear. Pip count doesnt mean anything unless you get all the information of how much and EXACTLY WHAT IS TRADED.
It can be MANIPULATED. The more important thing is PERCENT in account gain.
Please lets hear opinions.

please use the corresponding chart as a reference
or
read following - GBP/USD Long (BUY) - 1.9865
Closed - 1.9965

                           GAIN OF 100 pips

Guru claimer 1 ( I MAKE 300 pips , buy my services )

Account 1
$5000
$5 LOT

Ok people go Long on 1.9865,

close 1/5 of lot on 1.9885 20 pips gain $20 gain
close 1/5 of lot on 1.9905 40 pips gain $40
close 1/5 of lot on 1.9925 60 pips gain $60
close 1/5 of lot on 1.9945 80 pips gain $80
close 1/5 of lot on 1.9965 100 pips gain $100
_____________
300 pips $300

Guru 1 Claiming 300 pips gain
$5000 + $300 = $5300

Guru claimer 2 ( LOOK AT THE CHART EVERYONE . THE CHART SHOWS 100 pips. I gained 100 pips from my trade today according to the chart or saying
I went long 1.8865 and closed on 1.9965 for 100 pips .100 pip gain buy my services $59).

Account 1
$5000
$5 LOT

Then in chat room or email people go long on 1.9865,

close 1/5 of lot on 1.9885 $20 gain
close 1/5 of lot on 1.9905 $40
close 1/5 of lot on 1.9925 $60
close 1/5 of lot on 1.9945 $80
close 1/5 of lot on 1.9965 $100

                                                                                                                                     $300

Guru 2 Claiming 100 pip gain from the fact that he went long on 1.9865 and closed on 1.9965
$5000 + $300 = $5300

OK HERE IS THE SITUATION. BOTH PEOPLE ARE NOT GIVING ALL THE FACTS TO YOU
BOTH USE $5 lot

$5 lot * 100 pips = $500

THE REALITY IS THAT BOTH TRADERS ONLY GAINED 60 pips.
$300/ $5 = 60 pips

Part of these gurus claim is that they dont tell you all the information as i have. Only BIG CHARTS AND PIP GAIN.
ADVICE
Look at risk to reward ratio.
Look at percent gain
look at overall method

1.jpg700×406 26.7 KB

2

Yes you are correct. It all about % .:slight_smile:

Even though an ad has never, ughhh hmmm, made me feel that way.:smiley:

Lots of girls around you know. We’re not all guys here.:wink:

3

You sure do have a point, but your analysis sure do look confusing. Regardless of whatever amount of was made, the move from 9865 to 9965 is 100pips. This should be clarified so that no one gets confused.

4

As you say: “your analysis sure do look confusing”. That is actually the point: the ambiguity lies in how pips are counted. Some do this innocently; but others purposely muddle their pip count to serve whatever motive.

Consider units of currency (dollars, euros, whatever) banked on a trade. Now, divide by monetary per pip value. Here is where the truth is: m1234 just worked to the same place bottom up rather than top down.

  1. $500 earned on a EUR/USD long @ 50000 units.

Pip value on 1 standard lot = $10/2 = $5/pip.
50000 units liquidated at a single TP.
$500/$5 = 100. 100 pips.

  1. $300 earned on a EUR/USD long @ 50000 units.

Pip value on 1 standard lot = $10/2 = $5/pip.
50000 units scaled out @ 10000 units each, across a total of 5 TPs.
$300/$5 = 60. 60 pips.

So what if these pips were made over a 100 pip movement in the pair? Scaling at successive TPs dilutes profits. An objectively verifiable 100 pip movement occurred (as reflected on the chart), and so 100 pips were earned one could say, but not on .5 standard lots; when the math is finished, the equivalent pip count was only 60 pips.

To echo M2P and m1234: What percentage was earned? What was the net profit? Without that info, pip count statistics are interesting, but not very meaningful.

5

Glad you posted this

1 pip is still 1 pip whether is 1 standard lot or 5 standard lot a mini lot or a micro.

Theres a lot of crooks out there that claim they get x pips per month.

Let us not forget, we trade and take what the market gives us, the impression a lot of them give is that buying their latest signals / course will allow you to pull x pips out of the market with 2 mins analysis!

If i was pulling 100,000 pips out of the market i dont think i’d need to be selling anything to anyone, i’d be too busy shopping for a new private jet!

N

7

m1234 & Andrewunknown,

GREAT JOB, guys!! A real great job. I do hope all newbie and would-be ones here read this and learn.

n_aftab,

Thumbs up, buddy. Many newbies and would-be ones always forget the obvious fact.

And if I may add: Real traders, those who have trudged the long and winding road of forex trading and made it, will help you newbies FOR FREE in forums like this. Seek them out, knock on their doors, and ask. Or, if you willing to spend some dollars in return for the knowledge, give it to charities. You’ll have your chance to return the favor by guiding the next newbies.

8

Thanks everyone for your posts,

Andrewunkown, thanks for your extra analysis.
It was excellent. In fact you might have explained it better than mine.

Mytwopips, i am aware there are women on this forum. The fact is that
women are more level headed and make better decisions , guys can sometimes go on impulse and get screwed.

Idr , i agree with you. I do hope newbies read this.

The reason i did this is because all i see on other forums and reviews is that
how people got scammed, whether it be a course, mentor, sytem regarding pips etc
All you see is ads about pips. never about percent in account gain. Plus not all the info is posted.

andrewunkown said it the best
"

What percentage was earned? What was the net profit? Without that info, pip count statistics are interesting, but not very meaningful.
"

Anyway, chances are this thread will die out and vanish within the 127 pages .
maybe 2 weeks.

Because the facts are so straight up and exactly to the point with andrewunkowns help.
And nothing really new can be said.

It is what it is.

9

Hmmm… you missed the point. The quote above had nothing to do with it.:smiley:

It was your anatomy remark that made me give you the reminder.:slight_smile:

10

My pips are bigger than your pips
[/joke]

11

How about making this a sticky? Maybe nothing new can be added here, but I’m sure newbies would love to know “how you make 100,000 pip a month” :smiley: so they surely will read this one.

12

wuzzzzzzzzzzzzzzzzzuppppppppppppp
everybody

very interesting reading, very imformative and useful.

but here is the problem

people dont analyze anything , they look at the glitz and the glamor of the
pips

also i think a part of learning forex is to be scammed.
people dont learn anything until scammed.

even with this very very very very useful info
and even if people read it they wont fully comprehend it
until get scammed.

I admit the pips people are claiming are very enticing.

13

I dont think that everybody gets scammed as a part of learning forex… I feel like I have overpaid for material (babypips wasnt around, or atleast wasnt high enough on google at the time) about 3 or 4 years ago or so… I ended up saving $800 some odd dollars for a ‘kit’ that had decent reviews and, while like I said I feel I overpaid for the material it did help facilitate learning the basics. The specific system didn’t work for me, but alot of the basics that I use I learned from the material and I still refer to it today.