wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
Can you get rich quickly from forex trading? 389 replies
I don't get how 10 pips a day can make you rich? 71 replies
Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies
Once you can trade profitably are you rich? 43 replies
5 Times Leverage, 2% Risk Per Trade Can Make You Rich 21 replies
DislikedI guess it's been a long day for me or I am a little bit more slow on the take than what's usual. Hope you can provide some clarifications on the - "If you want to win often chose lower risk to reward ratio and if you want to lose less chose higher risk to reward ratio."
Think the sentence has gone awry..Ignored
DislikedI meant to say, if you want to win more often but small amounts at a time ... and win less often but win bigger amounts at a time ...Ignored
DislikedDo you think over time both ways would average out to be around the same? I think it'd be interesting to compare one trader who does the "more wins/smaller amounts" route to another trader who goes with the "less wins/bigger amounts" path and see who comes out better after 5 years or 10 years.Ignored
DislikedYou're talking about risk ratio on trades. I mean if you restrict your risk to the safe zone and use small lots, yes - your winnings may seem small. But remember, you need to factor in the risk if you plan to win big. or make a lot of right calls on the small lots.Ignored
DislikedThat would be interesting to know, I guess, it probably would average about the same but honestly I have no idea. I have not been in this business for too long, I personally do not go for big risk to reward ratio, I'll happily take 10pips, even less sometimes, and leave a little bit in the trade to see what happens. But I think a lot of the trader do this, take small initial pips and leave some in. But also traders who look for bigger risk to reward often take profits before the risk to reward is hit. In other words risk to reward ratio isn't...Ignored
Dislikedthe adr of the main pairs is about 100 a day, including ups and downs..
80% of that is 80 a day
so u need to capture a small proportion of the up/down cycleIgnored
Dislikedi was bored the other day and was curious that if someone can get rich earning 10 pips at a time. i usually trade the asian session so i don't really get the 100 pip moves. i was curious if i started $1000 how much would i have using a strategy that could get me 10 pips a day. i was shocked when i finished this spreadsheet. im not sure how to attach files and also not sure if i can attach an excel file but let me know if you want to see it.Ignored
DislikedHello, I'd be keen to see the spreadsheet please, let me know if you are able to attach it or if I should inbox you my email. Many ThanksIgnored
Dislikedfor get 10 pips a day strategy is "flip a coin" then buy or sell TP 10 pips when "Sydney Open"
before Tokyo close it will hit in TP, anyone have past data?Ignored