Hello all!
You might or might not know the .pdf "Rules for Forex Trading" by lever70.
In that, she describes how small daily gains compound into big monthly gains over time, that allow you to live from trading.
In an example, she assumes a trader with $2000 starting capital is trading $5 lots. 5 pips for this trader means $25 per day, which in turn means $500 per month (20 days).
This means this trader has 25% profit per month.
5 pips a day seems small, but 25% per month seems a lot compared to what professional money managers are able to do.
My question to Traders with enough experience to give a meaningful answer:
Is a goal of making 5 pips per day realistic?
You might or might not know the .pdf "Rules for Forex Trading" by lever70.
In that, she describes how small daily gains compound into big monthly gains over time, that allow you to live from trading.
In an example, she assumes a trader with $2000 starting capital is trading $5 lots. 5 pips for this trader means $25 per day, which in turn means $500 per month (20 days).
This means this trader has 25% profit per month.
5 pips a day seems small, but 25% per month seems a lot compared to what professional money managers are able to do.
My question to Traders with enough experience to give a meaningful answer:
Is a goal of making 5 pips per day realistic?