Pips or Profit Targeting

[sangma442000]

Hi Folks,
Trade is not easy although easy, only try to understand when the price Up and as soon as the price Down.
Most of the trader although expert or even a newcomer starting to race to make egy, and the majority of the founder maintain the egy proven already.
The at the real life of gambling , we could meet with humorous thing, even though the news can make a result different.
I have been reading some books, also some articles, they write about The trader ought to be have a target, daily target, weekly target, or monthly target, even yearly target.
Following a couple of days when I began to love this kind of company, after have poor and great experience. Laugh and cry. I realize that the majority of the main problem of this collapse trader is Emotion.
The trader have to restrain the emotion and also discipline with the trader rule or egy.
The trader need targeting their Pips or Profit or the way they want to make money.
I have been reading some article with the name One percent Daily , it is good and fair. This egy and this target also can help to control the target out of oversize trade.
The best way to reach this target, I have been trying using the easy method, for the instance our target is 1 percent daily, I will make it double for the day, and split with the pips which you often get it.
For instance :

My Balance : $ 1000
My main target is 1 percent daily
My most important pips target is 50 pips ( as Take Profit Number)
My trading target parameter is just 2% daily.
And The pips that we often achieve is 25 pips

therefore the lots dimensions for transaction is : $1000 x 0.02 = $20 / 25 ( pips which often get it) = 0.80 Lots

With this target system , we could increase the funds quicker, steady, measureable.

Combine with compounding for greater result.

Happy trade.

Hope this article will help.

[el]

I gotId concur. Worrying about making it that was makes you get rid of focus on what you need to, that's the quantities of those trades.

[sangma071998]

Hi StingRay,

My money management rules are not emphasised on pips. Since trading is a game, and your edge is your trading program, I focus my depart predied on Risk Reward. My departure rules necessitates at least a 1:3. I just differ from that rule in the event of when I'm in a trade about the day of a major news event at that pair. In my opinion there are just a couple of major new events in a month, one of them is similar to now the NFP.

Greetz, Dutch Trader

[sangmamo]

Hi People, Trade isn't easy although simple, just try to understand when the price Up and as soon as the price Down. Most of the trader although expert or just a newcomer starting to race to create egy, and a lot of the founder maintain the egy proven already. The in the actual life of gambling , we could meet with humorous thing, even though the news may earn a effect different. I have been reading some novels, also some posts, they write down about The trader ought to be have a target, daily target, weekly target, or monthly target, even yearly target. After a.. .

Hi StingrayEA
Using a 1K-Account, to take one instance by keeping inside, I prefere to trade with 0.05 lot sizes or components thereof (e.g. 5 x 0.01 orders at different entry- exit points in the exact same currency pair - or combi trading, baskets or the like).
If I'd manage a profit level of approximately 1% every day, I want 20 pips on a daily basis, if 1 pip = 50 pennies, to obtain quantity rates for 10. -.
More pips should be used for the warchest - to save up for a rainy day.
Be aware that each and every trader has to manage loss orders together with his profit target if he trade using a SL notion or not and
that maybe not each price procedure has the exact same probability for a winning trade - that says something for a more adjustable risk management.
Kindest regards.
FXcube

[Shogui13]

The more you concentrate on pips or $ the more stress you'll put on yourself.

Identify easy trends and jump on them. Normally we've 3-4 big ccy trends per year.

Trade on your own and utilize the leverage to keep you from your position and not to multiply the place dimensions.


Its that easy.