Learn to earn pips not profit
Original thread: to earn pips not profit
to earn pips not profit (2)
Originally Posted by eTraderState
in my trading experience i have concluded it that to success in FOREX market is only in that condition that we have to not focus on profit, we just learn to earn 10 pips on daily basis and this should be 100%. when you will learn this, you will trade 10% lot daily of your equity and can grow in short time.
EXAMPLE: your equity 100$,
daily trade 1$ lot and daily profit will be 10$ after 10 says you have 200$ equity, now your lot will be doubled but target pips 10 will remain same forever,
after every 10 days money will be doubled.
yes you have gave a good lesson. it is true that to earn profit we have to earn pips. lot size depends on capital. if you can conform 10 pips per day it will be a good amount and end of the month you will have 300% of your capital. with loss and profit if you are able to get this money then you will be a professional trader soon.
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