Hi People of Earth,
I'm a new scalper, and I'm thinking about something that I can't find the answer clearly anywhere.
Let's say I'm made a trade this morning on the EUR / USD, m1.
Let's say this trade was 15 pips, with a risk of 7 pips (stop loss of 7 pips).
So, it's impossible to know how much money I earned, until you know how much I put in the trade. Maybe each pip value is 2 dollars, or each pip value is 15 dollars.
I think there is a limit to how much money you can put on a trade on scalping, on m1, too much money and I think you won't be able to profit from it, it won't work that well. At least I suppose it.
I've seen many traders go up to 25 per pip (yeah I'm in Europe). So, this gives for the trade of 15 pips, 25 X 15 = 375 of profit (of course there is the % for the broker to add, and taxes after this, of course but it's not what matter here).
This gives, if I take this amount of money, a clear limitation of 25 per pips maximum, let's say I'm so good I can make 20 pips per day on average (it's not real, just as an example). 20 x 25 = 500 .
Thatgives 500 per day, and if you're in a HUGE taxes country like mine, you can nearly cut this in half with taxes. So 250 per day. 20 Days of trading on average in the month : 250 X 20 = 5000 . Not that bad if possible.
WELL, all of this to get to this simple question because I couldn't find the answer anywhere for now.
How do you know how much money you can put on a trade on scalping, on m1 on a market like EUR/USD, or the GER30, or any other market ? Would it be possible to put more, like 50 per pips ? Where is the limit ? Is there a way to know that ?
This question is sooooo important because if you can do on average 10 pips per day, the maximum you can put on a trade with the maximum pip value possible will define ultimately how much money you can earn from those 10 pips a day.
25 ? 25 X 10 pips X 20 days = 5000 earning potential. 60 ? 60 X 10 pips X 20 days = 12 000 earning potential.
It's clearly not the same thing.
P.S : maybe 25 per pip is even a little too much and bold, I clearly don't know about that for now. If a nice and skiller scalper could answer about this, that would be AWESOME !!!
Thank you very much
I'm a new scalper, and I'm thinking about something that I can't find the answer clearly anywhere.
Let's say I'm made a trade this morning on the EUR / USD, m1.
Let's say this trade was 15 pips, with a risk of 7 pips (stop loss of 7 pips).
So, it's impossible to know how much money I earned, until you know how much I put in the trade. Maybe each pip value is 2 dollars, or each pip value is 15 dollars.
I think there is a limit to how much money you can put on a trade on scalping, on m1, too much money and I think you won't be able to profit from it, it won't work that well. At least I suppose it.
I've seen many traders go up to 25 per pip (yeah I'm in Europe). So, this gives for the trade of 15 pips, 25 X 15 = 375 of profit (of course there is the % for the broker to add, and taxes after this, of course but it's not what matter here).
This gives, if I take this amount of money, a clear limitation of 25 per pips maximum, let's say I'm so good I can make 20 pips per day on average (it's not real, just as an example). 20 x 25 = 500 .
Thatgives 500 per day, and if you're in a HUGE taxes country like mine, you can nearly cut this in half with taxes. So 250 per day. 20 Days of trading on average in the month : 250 X 20 = 5000 . Not that bad if possible.
WELL, all of this to get to this simple question because I couldn't find the answer anywhere for now.
How do you know how much money you can put on a trade on scalping, on m1 on a market like EUR/USD, or the GER30, or any other market ? Would it be possible to put more, like 50 per pips ? Where is the limit ? Is there a way to know that ?
This question is sooooo important because if you can do on average 10 pips per day, the maximum you can put on a trade with the maximum pip value possible will define ultimately how much money you can earn from those 10 pips a day.
25 ? 25 X 10 pips X 20 days = 5000 earning potential. 60 ? 60 X 10 pips X 20 days = 12 000 earning potential.
It's clearly not the same thing.
P.S : maybe 25 per pip is even a little too much and bold, I clearly don't know about that for now. If a nice and skiller scalper could answer about this, that would be AWESOME !!!
Thank you very much