Forex trading-How to make 10 Pips Day
Ten pips a day if I could only make 10 pips every day ... I'd be a millionaire in 18 months!
Have you ever run the calculations? I know I have. This attraction is only 10 pips a day. It is only 10, right? I mean, how hard could that be? Really hard.
First the bad news, if you try to do only 10 pips in one day, you will succeed. You can not be that in accordance with all significant trading over time.
Now the good news, you can make an average of 10 pips per day. Note however that I average 10 pips a day.
To back up a bit. 10 pips a day to make 50 pips a week. 50 pips per week was 200 pips in a month. Now that is something that can work with.
Focus of 200 pips per month. Take fewer trades. Placed on the daily charts. Use a much larger profit targets and stop losses. Trading lot less. It will still equal the same result as above unrealistic expectations, but this time you are actually setting yourself for success.
Doing all this still will not guarantee that you will be able to hit the target. You'll probably still have lost a month here and there. What is going on. Work is to be able to survive.
At 10 pips a day thinking, you're dealing with very high leverage. One or two errors and can be wiped out. Actually this is what happens almost every time.
Give yourself a change. Anyway, really making money is more fun.
Want to learn more about how to trade? I just completed my brand new guide, "forex trading - that finally worked for me."
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Ten pips a day if I could only make 10 pips every day ... I'd be a millionaire in 18 months!
Have you ever run the calculations? I know I have. This attraction is only 10 pips a day. It is only 10, right? I mean, how hard could that be? Really hard.
First the bad news, if you try to do only 10 pips in one day, you will succeed. You can not be that in accordance with all significant trading over time.
Now the good news, you can make an average of 10 pips per day. Note however that I average 10 pips a day.
To back up a bit. 10 pips a day to make 50 pips a week. 50 pips per week was 200 pips in a month. Now that is something that can work with.
Focus of 200 pips per month. Take fewer trades. Placed on the daily charts. Use a much larger profit targets and stop losses. Trading lot less. It will still equal the same result as above unrealistic expectations, but this time you are actually setting yourself for success.
Doing all this still will not guarantee that you will be able to hit the target. You'll probably still have lost a month here and there. What is going on. Work is to be able to survive.
At 10 pips a day thinking, you're dealing with very high leverage. One or two errors and can be wiped out. Actually this is what happens almost every time.
Give yourself a change. Anyway, really making money is more fun.
Want to learn more about how to trade? I just completed my brand new guide, "forex trading - that finally worked for me."
other posts
- excel fomular for indicators download
- mvv linear regression mq4
- graphongraph mt4
- best ma for heiken ashi
- forex donchian breakout scalping
