How many pips do you guys make on a average deal?
What normal range should a forex trader aim at in pips?
How many pips do you guys make on a average deal?
What normal range should a forex trader aim at in pips?
it really depends on your trading style/strategy
What are the types of styles out there?
How much pips does a good day traders get on a average trade?
Swings?
do people really hold currency for time period as long as weeks?
new guy here frantically asking Qs:p
a typical day trader would probably be looking to hold trades anywhere between a minute to several hours like 10hours (maybe and avergae trade being 2-3hours) and make between 10pip-100pips per trade, with the average being between 30-60pips. Now if you can consistently make and keep a profit of between 30-60pips/day you will be well on your way.
Some people hold positions for days and weeks, but i would say that they would be typically bigger players.
Then there are those who trade off daily or 4hourt charts and the value/pip in relation to the account would be smaller than say an intraday trader as they would have larger stops and larger profit targets. There stops maybe 100+pips where as an intraday traders stop could be between 10-60pips, there are many variables to it really. Some may also trail there stops up and see how many pips they can get from the move.
It will come down to how much time you have to trade, when you can trade, and these factors will have some bearing on your trading style
being playing forex for 2 days.
but i will ace this thing:cool:
I think “normal” is different for everybody, like in life important is what is working for you and what type of trader you are look “school” at baby pips.
I like 20 - 40 pips per trade, you don’t exposure yourself too much to the market and usually you are in and out within couple hours. Good luck.
When I take a trade I never look at how many pips I will make. I literally look at the risk first. Every trade will have a risk in pips based on the various ranges of a forex pair or whatever market I’m looking at.
My risk in money is translated into what the risk will be for what we trade. So if I’m willing to risk 5% of my capital on each trade I will literally figure out what that is for the particular trade.
Example I have $1000 each trade I would be willing to risk $50(5% of $1000). If I determine that EUR/USD trade requires x amount of pips. From there I figure out the risk in pip value and arrive at how many lots I can get by dividing risk/pip value.