I am new to all this, so getting 10 pips a day for me would make me happy as a rookie
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Can you get rich quickly from forex trading? 389 replies
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DislikedYes. 10 pips a can make you rich. It has proves. In the book The Millionaire Traders, you will find the history of a trader (I forget his nam) who takes 10 pips a day. And he has become millionaire by doing this. It requires good strategy and extreme discipline.Ignored
Disliked{quote} Actually consistency is the key! If you are able to make regularly even 5 pips only; that would be enough! Nothing is impossible here.Ignored
Dislikedthe idea of 10 pips a day makes you reach concept may work only if your strategy is trust worthy because it requires higher lots.i prefer to take smaller lots and adding positions to it like pivot trading thread strategy. it is difficult to make 10 pips a day with higher lots these days because broker is playing on your opposite side of trade.brokers hunt your sl as well.who would take risk by placing tight SL?Ignored
Dislikedthe idea of 10 pips a day makes you reach concept may work only if your strategy is trust worthy because it requires higher lots.i prefer to take smaller lots and adding positions to it like pivot trading thread strategy. it is difficult to make 10 pips a day with higher lots these days because broker is playing on your opposite side of trade.brokers hunt your sl as well.who would take risk by placing tight SL?Ignored
DislikedAccuracy is the name of the game here. Aiiming for 10 pips should be easier to get compared to 100 pips. However, 10 pips requires a great deal of skill to be able to hit that mark while risking 1:1 and trying to win over 50% of the times. The thing is i have that system.Ignored
Disliked{quote} It is a different ball game trading for 100 versus 10. I trade for 5 points which is 5% Daily. Like you say you have the system ? same here... trade wellIgnored
Disliked{quote} 5 points mean 5 pips or anything else! Okay, you are trading with 5 pips TP then what is your SL?Ignored
DislikedHello, Im semi rookie I guess. I have been making some consistent pips buy just trading breakout. My main goal (now) is to try and ride a longer wave down. Is it possible that it is the platform im using? i made 1k on the way down but margin called on the retracementIgnored
DislikedI am new to all this, so getting 10 pips a day for me would make me happy as a rookieIgnored