how could you blow accounts if your focus is account risk vs account equity gain?
That makes no sense.
You cant pay your bills with pips.
You can have positive pips and negative real returns.
how could you blow accounts if your focus is account risk vs account equity gain?
That makes no sense.
You cant pay your bills with pips.
You can have positive pips and negative real returns.
Gò visit his threads. There the self proclaimed reveals all. Me 10 pips. One pair one trade once a day 2% risk. Although something else is in the pipe work.
That is also my current target, only very new to Forex but felt that a good starting point was to try hit 10 pip gains per day using technical indicators instead of going for big wins which can also result in big loss.
Working well so far and keeps you in the game longer.
As mention earlier its not about the pips, its about percentages. 10 pips, 100 pips, 1000 pips - its all the same if you apply proper MM.
I donāt really have a set goal about this. It depends on the opportunities the market provides me on any given day. Generally, if I make between 30 to 50 pips I am pleased.
I aim not to lose profit, as long as Iām gaining, then it is all goodā¦
Iām just a part time trader, I spend roughly 2~4 hours a day depending if I have activities or not
Well it all dependes of your trading style. Are u a scalper? are you a swing trader?
I wouldnt focus on daily profits. Even weekly profits are hard to obtain. If I were you I would focus more on monthly and quarterly earnings.
In my personal experience, I am a swing trader and made aproximately 20,000 pips last year, which is around 4,500 pips every three months. But the most importan thing is not the pips made, is how much your account grow. One trader making 10 pips a day can make more than another trader making 50 pips a day. Its all about money management.
I am not sure how this info will help you, but there is something you should know: It doesnāt matter how many pips someone is making per day as long is he/she profitably consistent. From that point risk management is playing the main role.
Never think in terms of pips but in %. A trader who makes 20 pips, can earn an awful lot extra than a trader who makes 100 pips. Additionally, you usually need to donāt forget the āchanceā one trader takes. How an awful lot is a trader inclined to lose in order to make a positive amount of pipsā¦
Getting always profit is pretty hard in forex trading, I always try to get the 50-60 pips per day and some time I have to face the terrible situation but overall I am achieving my daily profit target and I am enjoying my trading.
I can only provide the answer about how many pip I can afford to lose
and for that, 50 pips a day, equal to no more than 1.2% of my trading account. each trade.
I do not have a number because some days I do not trade at all if the market is quiet.