Anything is possible.
Learn what's likely.
Why be happy with 35pips per week when you could have the potential to gain 75-80 per week.
Its nice to stay small, but it will be valuable to your ante. (not always possible with $100).
If your optimistic you can do better identifiion trade for over 7pips
7 pips per day on average is quite achievable. What is not achievable (not even a 1% chance) is what you have on your spreadsheet - turning $100 to over $200 million in five years. You're assuming that you will earn about 28 percent returns per month. That's just crazy. Not the return per month however, the idea that you will make those yields every month for 60 straight months.
It is better to have a % goal each year. Something not exceeding 120%. If you make more, great! But put.
In 120 percent pa, you can turn $100 into over $120,000 in 10 years. Start with $10,000 and you will have over $12,000,000. Of course this assumes that you will be risking a huge chunk of your cash when you get to say $10,000 or $50,000. I really don't think that is realistic. Since your account size grows, your appetite for risk will probably return.
Agree...7 pips is easy to achieve in a day although maybe not consistently everyday.Whoever said its easy to make 7 pips regular consistently they do not understand the stats.If it's possible to make 7 pips regular consistently you can risk more per trade.Ofcourse you can average over 7 pips on a trade to get sure.which lot of traders are doing.But cant promise that you will earn 7 pips everyday.since you are starting out using 100 dollars you'll take 20% risk although not if that cash increases to 10k. You're risking 2k dollars per transaction which is the toughest part to handle.you won't be able to handle the plogical pressure.Originally Posted by ;
Whatever is there's the glow will remain in the excel sheet only.Following that in the true trading world is almost impossible.
I agree with Yazzie. It is important to learn your lot size, in order for 7 pips to become purposeful. I exchange using 3 lots on each transaction, for 3 pips profit with each. That gives me an average of 90 per commerce. Doing 3-4 trades a day, this gives me an average of $300 per day, which works great for me. I prefer short-term trading and a trade size of 3 lots is suitable for my technique and account worth.Originally Posted by ;
It is up to what works best for you personally. Some prefer to exchange on the long term striking 100 pips per week with a small lot size. I really do 9 pips per day with an average lot size.
It does not matter the amount of pips, but your risk/reward ratio for your account value and commerce size.
Good luck!
Luci, what made you think of a three pip target vs other amounts (2,4,5,10) ?Originally Posted by ;
Nice forum, intriguing thread. I want to enable you to get your 7 pips)))
Attempt this TS. If you're afraid about your money don't forget about demonion!!!
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Thank you for thanks
https://forexintuitive.com/attachmen...1731721239.zip
Hello freundr,I chose 3 pips since that has been the ideal quantity of movement to guarantee my trades would shut on the TP at an average of 15 to 20 minutes max. Sometimes it can take more, but its a safer amount to guarantee profits, until the tendency is gone.I tried 7 pips, 5 pips, but I was not comfortable with the range that it took to shut the trades. I prefer security than greed. I trade reversals, with Bollinger bands with 12 periods rather than the normal 20, on 5 minutes charts. The combination of BB with RSI works very well for me. What range of pips do you use to take profit?Originally Posted by ;
I think that all OP is trying to show is That the Consequence of compounding hahha