Log in or Sign up. I am talking about number of pips move that you can catch on average in a single day, we don't count how many regular lote do you play, so that is not counted. It's just how much of a move that you catched? Look at what this guy is explaining?
Is he saying that catching a 20 pips per day is a lot to achieve? I think pip trades profit not unrealized gain can be achieved consistently, but not everyday of course. I'm not trading euro this year, but the pound instead Since the pound and euro are pretty much in sync right now, the same trade on the euro would be about the same profit as well. If you meant average profitable trade that can be made in a 24 hour period then that is the question that I answered. Well on average which includes those profitable and unprofitable months I think pips per month You can even say 30 pips is acheivable.
You will get stopped more often than not but i say you need to try it. Often takes the whole day or holding position overnight to get there. Once you're there you should seriously cash-in.
And with the relatively large stop loss point you must take, over-leveraging can get you killed, so i don't see the point of these trades. Anything more than that is long term investment. JPY seems to move more. My experience has been, and verified by colleagues on the spot desks at Goldman and Bear that scalping FX, especially at a non-instituional level is next to impossible yes I am sure some do it, we do not need to get into an argument , but my attempts at it early on were fruitless after having successfully scalped stocks for years.
Andy indicates pips a month, I think that is an honest and reasonable answer and reflects what my performance has been. Just my 2 euros! I think it really is pointless to set yourself a goal such as making x pips a day What if one day you make 15 pips in the first hour of trading Are you seriously going to take your 15 pips and come back tomorrow and say You can set yourself objectives but I don't think you should or even can for that matter systemically make that average per day.
IT's just not logical and probably not a sound trading plan. Every trade is different. That is not a secret but it is very much overlooked. Even in systematic trading You must log in or sign up to reply here. Your name or email address: Do you already have an account? No, create an account now. Yes, my password is:More...