This article struck right home with me. People who go for the get rich quick schemes never succeed. The guys that take the time to LEARN about what to do with their money, succeed over the long term.
So is this a good starting target, to aim for 1 20 pip trade per week? I am still starting the undergraduate section of the school so I don’t know if this sort of thing is covered later, I imagine something along these lines is, so I’m sorry if if already there to be read.
One thing I learned recently(I’m a beginner just like you) is pip/dollar/% return on investment numbers are pretty wonky questions to answer. The advice I’ve been given is that the last thing I should be worried about is reaching a benchmark that I set for myself, and focus on learning more and losing as little as possible.
The people that earn consistent numbers/pips have been at the game for years, I imagine everything falls into place after you develop your trading strategy. It’s kind of like asking a professional basketball player how to make 3 shots consistently when you don’t know how to dribble yet.