How many pips does a "successful" trader collect weekly?

[zapper]

Originally Posted by kodek

i started trading with small capital .. using a micro account which basically it will turn your money into cents; $50 becomes 5000 .. i have had successful trading where from 5000 becomes 6000 in just 1 day .. and of course a loss that takes it all away ..

Well, i agree with you. There is more risk as your account seems to grow. One has to learn to manage risk and at the same time make a decent profit as well!.

[kereta06]

Trade only 10% from our capital. Target only 20 or 30 pips a day. It enough i think for the newbie like me.

[ghous]

Trade only 10% from our capital. Target only 20 or 30 pips a day. It enough i think for the newbie like me

how much exactly have you invested and what leverage are you using?? did you try it out in the demo first, if so for how long??

anyways yes a genuine target for a swing tarder to a scalper should be around 20-30 pips a day for the 5 trading days so it comes to abt 100 pips a week which is quite good specially if you're a newbie, you will learn how to risk more of your margin as you gain experince and start to trsut your mind and it's signals more...

[Nguyendoquan]

1 pips = $10 if we can get 100 pips then the outcome are $1000 per trading ..

1 pips = $1 if we get 1000 pips then the outcome are $1000

what forex broker do you join ????

[ghous]

for those of you who would liek to know, presently i am looking for 20 pips for the 5 trading days (exclusinf sat and sun from the week) which comes up to abt 100 pips a week and upto 400 pips a month.

[knoppixgold]

doesnt matter how much pips u got as long as profit is bigger than loss....rule no 1 is cut loss....if we know the trade will againts us...what for we keep it to make it bigger loss....just throw it away....but my pips is 20 pips a day for major and 50 to 100 pips for gj. ..u know lah...newbie

[ghous]

doesnt matter how much pips u got as long as profit is bigger than loss....rule no 1 is cut loss....if we know the trade will againts us...what for we keep it to make it bigger loss....just throw it away....but my pips is 20 pips a day for major and 50 to 100 pips for gj. ..u know lah...newbie

20 pips a day is gr8 for a newbie! abut it is not easy because the big problem is of consistency, which means you will need to make 20 pips fro the 5 trading days, that for a newbie is dificult, because there will always be loosing trades, so i guess the right idea is to perhaps target 20 pips as your evg for the week, which mean there will be days when you make no pips or loose a few and there maybe days when you will make many, this is more realistic and actually what exactly happens, if you make 20 pips your target for the day, you will loose on some profitable trades (cuz you would have madr your 20 pips) and in some bad trading days you will find yourself ina lossing trade just because you had to make thoise 20 pips for the day.

[knoppixgold]

so let say our target is 20 pips perday = so 20 pips x 5 day = 100 pips but what about stop loss........according to general maney management risk and reward muast be at least 1: 1.5 or 1:2 meaning if ur target is 20 pips ur risk=sl mush be 10 pips. buy u know 10 pips will always hit. if we put 40 pips for instant for sl. let say 5 days we trade, 3 win = 20 pips x 3 = 60 pips and two loss = 40 pips x 2 = 80 pips. profit net is 60 pips - 80 pips = - 20 pips. in long run our capital will decrease. just open for discussion

[kashifrasool]

Well I am new to Forex and just starting trade so but I think it is good to set your target for daily and weekly bases that how much pips you get?
I am just trying to ear few cets as I am investing little amount ad getting 1 cent per pip movement.
But in Forex it is not certain that you would get +100 or -100 pips but it is up to your plan and strategy.

[ghous]

so let say our target is 20 pips perday = so 20 pips x 5 day = 100 pips but what about stop loss........according to general maney management risk and reward muast be at least 1: 1.5 or 1:2 meaning if ur target is 20 pips ur risk=sl mush be 10 pips. buy u know 10 pips will always hit. if we put 40 pips for instant for sl. let say 5 days we trade, 3 win = 20 pips x 3 = 60 pips and two loss = 40 pips x 2 = 80 pips. profit net is 60 pips - 80 pips = - 20 pips. in long run our capital will decrease. just open for discussion

yes that is one way you can put it to make smaller pip targets look ugly...! on a mnore serious note i agree with you 100%! although i don't persoanlly use an SL but still the stop is running in my mind and i never allow a postion to get close to 50% of my profit target.