Since I am looking for about 50 pips a week, I like your idea of 10 pips TP for every trade (usually). I have been doing this for a week and half now so far so good. It teaches me how to be discipline and not being greedy because I always have the tendency to hold on to it but then I would say “I should of or should have” get out when I have certain amount of pips then at the end losing all of it or worse going in the red…
To those who are just starting out in learning how to trade, it is best to aim lower and pay attention more to be a consistent winner no matter how big or small it is. Consistency is the most important part (I think) in this journey even if it is 10 pips per trade/day or so. Sure, there will be times that you can get a whole lot of pips than that but since the market is so complex and so unpredictable, just take what you need and get out and leave out the rest…Once you get the consistency down, you should be on your way to be profitable…
Winning consistently is the most difficult part…Losing consistently is the easiest and everyone can do just that….
Well, duh… when you close your trade that means you have realized lose. So, I’ll wait until then…I can’t take your money while you are in a trade. The trade has to be closed and the broker will then transfer the fund to my account…
Well, duh… when you close your trade that means you have realized lose. So, I’ll wait until then…I can’t take your money while you are in a trade. The trade has to be closed and the broker will then transfer the fund to my account… ;)[/QUOTE]
You have to have a position open though lol… Maybe you need to go back to babypips school to know how it works
Ha…I make my own rules… This is how I want to take your money. I would be glad to go back to BP school because I skip a lot of it… lol Maybe you go back and make pizzas…
The market thinks they will, and job growth has been pretty good at late so has housing. Look at the S&P 500 index soar…
Basically, the U.S economy still sucks but its showing signs of recovery.
lol
