10 Pips Per Day Low Risk High Return ~ forex_ news_market_clock.ex4
Are 20 Pips daily enough? If you trade 1,000,000 worth of currency, each movement would be equal to $100. So if you bought at 1.7839 and sold at 1.7859 then you would make 20 pips x $100, or $2,000. Now, I don’t know about you, but I could think most people could live in comfort zone with $2,000 per day.
Most traders are greedy, they’re always try to make a zillion dollars on every trade. This leads them to stay in a good trade too long, hoping to get more money out of it. This can lead to disaster the trade can move against them and they get creamed. It’s the single greatest fools in trading. But you can already understand why that’s probably true. But how do you leave greed when trading? We’ll get to that in a moment.
Let’s simplify the calculation, forget about those 20 pips If you can earned just 10 pips every day for the next 12 months, and you started next year with over $100,000 in your trading accont, you would be making between $10,000 and $17,000 per month trading (depending on your risk tolerance). Can you do this? Absolutely. Can you do this today? Maybe, maybe not. You have to dedicate yourself 100% to learning how to trade intelligently.
You should be grateful for any profit the market gives you. Don’t spend any time crying about how you didn’t get the maximum profit, or how you could have gotten so much more profit if you just stayed inthe trade longer. Instead of looking for mega zillion trade system, I set up good trade that have a lot of potential, and then I shoot for 20 pips as an initial target. Just 20 pips. That’s it. I don’t let myself lose a lot of money. I only try to get 20 pips and you know that I can get it. Trade Smart don’t trade Hard.
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