Hi!
How difficult / easy it will to make 20 PIPs per trade (or day)?
Many thanks,
Mike
Why 20? Why not 10 or 25? It would be ‘difficult’ to earn 20 pips a day if you’re betting against the trend, so I’m not sure it is a question with a specific answer. Some may find it easy, some may find 20 pips hard.
It is just as easy to lose any number of pips in a trade/day. So concentrate on developing your strategy and process.
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You must realise that 1 pip does not have the same value in every forex pair.
You can assume it takes a given amount of capital put into a pair in buying/selling activity in order to move price by a certain percentage. but 20 pips is not the same percentage of price across all pairs - e.g. GBP/NZD’s price contains nearly 4 times as many pips as NZD/CHF.