Thread: 7 pips per day? is it possible?

I find it is very interesting if trade EURUSD or even USDJPY with stop loss and trail profit.
Is it feasible? If possible... please anybody suggest me some system

Excel file under...


https://forexintuitive.com/attachmen...9995664718.xls

Lots of big talker here discussing how easy it's to reach 7 pips. Someone even said any fool can attain it. Problem is, before 1 can reach 7 pips, how much risk that he or she gont require for that seven pips.

14 pips for 7 pips ? An individual would fail sometimes and take reduction, it not easy to be consistent, its of understand your chart and be exact in your entrance.

I would not aim for 7 pips each day, I do perform over 3 lots per trade pair and goal for like gt;20 pips profit. Being playing larger size lot, it tend to create more fear and shut in diminished pip profit compare to people playing 0.1 lot planning for 100 pips.

Its very easy to dream and compound money, like I keep win this week although that I could lose another week, its happy to withdraw money than deposit money

Its not as easy, especially for a rookie to be consistent winning.

Originally Posted by ;

I find it is very intriguing if trade EURUSD or USDJPY with stop reduction and path profit. Is it possible? If possible... please anybody suggest me some system Excel file under... document

Are attempting to create 7 pips every day or seeking to typical 7 pips every day over X amount of times?

Originally Posted by ;

I find it is very interesting if trade EURUSD or even USDJPY with stop loss and trail profit. Is it possible? If possible... please anyone suggest me some system Excel file under... document

any fool can get 7pips per day
if your following 70pips or a few hundred per day then its slightly more difficult, however anything is possible for those who look hard enough to get a method, particularly for only 7pips
in case you cant get 7 pips maybe a job stacking shelves in tescos would suit you better

Originally Posted by ;

I find it's very intriguing if trade EURUSD or USDJPY with stop loss and trail profit. Is it possible? If possible... please anyone suggest me some system Excel file below... file

Heck, any one, as well as new traders may score over seven pips/day. However, what's the deal with the magic amount posted here? Any reason for the seven?

More importantly what is your trade sizing? If you are trading a micro or little $100 or $1,000 account then probably 7 pips is Dollar wise. However If You're trading a Huge account and trading across the lines of 10-20 standard lots/trade afterward 7 pips is significant from a Dollar standpoint

Anything is possible.

Learn what's likely.

NO

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.