Thread: 10 pips a day can make you rich quickly

It is also intriguing for me to reach 10 pips per day. But if you would like to have risk:benefit 1:2 it's nearly impossible. (tp 10. Sl 5)
It is much easier to have 3:1. Risk 30 pips to acquire 10 pips because of volatility of market. Do you think that is possible on the long run?

And I would like to ask you one more thing. When you say let the profit run and dont be greedy I matter that those two things dont move together
You should take your profits quick if you aren't greedy. Am I incorrect?

I'm novice trader and I am finding my own way to exchange but it's actually hard. I believe that I want to exchange too frequently and that I believe if RR is 1:1 or higher it is actually tough to hit TP since SL is hittet really quick. Would you advise me on that?

Originally Posted by ;

It is also intriguing for me to reach 10 pips per day. But if you want to have risk:reward 1:2 it's almost impossible. (tp 10. Sl 5) It is much easier to own 3:1. Risk 30 pips to acquire 10 pips due to volatility of market. Do you believe is likely on the long run? And I would like to ask you one more thing. When you say let the profit run and dont be greedy I matter that those two things dont go together You ought to take your profits quick if you're not greedy. Am I wrong? I am novice trader and I am finding my own approach to trade but it is...

For you to get a 3:1 risk to reward means that you want to get a win rate of 75 percent to break even, so your win rate have to consistent possess a win rate of over 75 percent. When were you able to achieve this so consider.

It is dependent upon your trading skills, to be wealthy in Currency Market then you need to learn and practice many trading well. And in Addition, You Need to be able to continue to hone a Fantastic trading plogy so we will be successful in this business

Originally Posted by ;

it is dependent upon your trading abilities, to be rich in Currency Market then you need to learn and practice several trading nicely. And you also have to have the ability to continue to hone a fantastic trading plogy so that we will be prosperous in this business

You're confused about the subject.... The subject says 10 pips a day can make you rich quickly it doesn't specify about abilities or spills or enhancing your trading. If you can achieve this you'd become a millionare in no time simply starting with a little capital.

I believe 10 pips daily is good but staying consistent with is what will set you on the wealthy lane .

This entire thread goes off that you just make and take the 10pips. Many (if not all people) in this thread automatically presume that this can be done using a daytrade. The issue is that many (if not many people) loose their top, socks and shoes trying to daytrade the FX market.
When the sultan of Brunei should pay or receive a billion dollars because of an oil trade or if some airliner purchased a fleet of new planes from Boeing for the quantity of 800.000.000usd (only an example), they will do so regardless!! THAT ALL GOES IN THE FX MARKET. And then the daytrader gets pissed off that he/she just got spiked from his scalp.
Daytrading FX is a lot better performed in the Futures. There you can look at 1minute charts. FX place is a lot better for swing trading. Trade nothing greater than the Daily chart. Even with a smaller account this may be done.

My question is what is the stop loss size for the 10 pip goal? Also why should the goal 10 pip?

Why not 11, 15 or even 20 pip each day?

Originally Posted by ;

This whole thread goes of off that you just make and take the 10pips. Many (if not all individuals) in this thread automatically presume that this can be done with a daytrade. The issue is that most (if not many individuals) loose their top, socks and shoes hoping to daytrade the FX market. In the event the sultan of Brunei needs to pay or get a thousand dollars due to an oil transaction or if a few airliner bought a fleet of new airplanes from Boeing for the amount of 800.000.000usd (just an example), then they will do this regardless!! THAT ALL GOES IN THE...

There's no difference in pricing given the above scenario.
If the said currency pair spiked in spot then the CME futs would follow in unison.
Price would be arbed very fast if your scenario were to perform.

If you can trade one which you can trade the other.

Originally Posted by ;

My question is what is the stop loss size for the 10 pip goal? Should the goal 10 pip? Why not 11, 15 or perhaps 20 pip a day?

Discontinue loss size is dependant on r/r and what keeps the account net favorable.
You can shoot for how many pips you need taking into market construction, ADR etc..

Forgive me if I sound rude, but you have been a part because 2009 and the questions you ask are that of someone new to trading.
You need more learning and training.
Best wishes on your journey

It's all about percentages and together with your lot size and leverage properly. 10 pips daily may be the same as 100 pips per day if you manage your risk accurately.

Get on your presentation and begin playing trade dimensions.