10 pips a day can make you rich quickly | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: 10 pips a day can make you rich quickly
Exit Attachments

10 pips a day can make you rich quickly

  • #201
  • Mar 5, 2018 10:40pm Mar 5, 2018 10:40pm
I am new to all this, so getting 10 pips a day for me would make me happy as a rookie
  • #202
  • Mar 12, 2018 12:07am Mar 12, 2018 12:07am
Yes. 10 pips a can make you rich. It has proves. In the book The Millionaire Traders, you will find the history of a trader (I forget his nam) who takes 10 pips a day. And he has become millionaire by doing this. It requires good strategy and extreme discipline.
  • #203
  • Mar 12, 2018 12:47am Mar 12, 2018 12:47am
Quoting AgusKurniaw
Yes. 10 pips a can make you rich. It has proves. In the book The Millionaire Traders, you will find the history of a trader (I forget his nam) who takes 10 pips a day. And he has become millionaire by doing this. It requires good strategy and extreme discipline.
Actually consistency is the key! If you are able to make regularly even 5 pips only; that would be enough! Nothing is impossible here.
  • #204
  • Mar 17, 2018 9:16am Mar 17, 2018 9:16am
Quoting Majeeda
{quote} Actually consistency is the key! If you are able to make regularly even 5 pips only; that would be enough! Nothing is impossible here.
That depends on the lot you're trading with, but generally speaking it is accurate.
  • #205
  • Mar 17, 2018 11:59am Mar 17, 2018 11:59am
the idea of 10 pips a day makes you reach concept may work only if your strategy is trust worthy because it requires higher lots.i prefer to take smaller lots and adding positions to it like pivot trading thread strategy.

it is difficult to make 10 pips a day with higher lots these days because broker is playing on your opposite side of trade.brokers hunt your sl as well.who would take risk by placing tight SL?
  • #206
  • Mar 17, 2018 7:36pm Mar 17, 2018 7:36pm
Accuracy is the name of the game here. Aiiming for 10 pips should be easier to get compared to 100 pips. However, 10 pips requires a great deal of skill to be able to hit that mark while risking 1:1 and trying to win over 50% of the times. The thing is i have that system.
  • #207
  • Mar 17, 2018 7:38pm Mar 17, 2018 7:38pm
Quoting T4Trade
the idea of 10 pips a day makes you reach concept may work only if your strategy is trust worthy because it requires higher lots.i prefer to take smaller lots and adding positions to it like pivot trading thread strategy. it is difficult to make 10 pips a day with higher lots these days because broker is playing on your opposite side of trade.brokers hunt your sl as well.who would take risk by placing tight SL?
Brokers dont stop you for 10 pips. My sl are always a hard 15 pips and i have come to .5 pips of stopping out and it neber hit .So that dis proves the stop hunt thepry forme
  • #208
  • Mar 17, 2018 7:45pm Mar 17, 2018 7:45pm
Quoting T4Trade
the idea of 10 pips a day makes you reach concept may work only if your strategy is trust worthy because it requires higher lots.i prefer to take smaller lots and adding positions to it like pivot trading thread strategy. it is difficult to make 10 pips a day with higher lots these days because broker is playing on your opposite side of trade.brokers hunt your sl as well.who would take risk by placing tight SL?
wrong.... Good brokers do not do that as they do not have to.

You trade a percentage of what your bank roll is as it does not matter how big/small the bank is.

trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #209
  • Mar 17, 2018 7:48pm Mar 17, 2018 7:48pm
Quoting HabibiForex
Accuracy is the name of the game here. Aiiming for 10 pips should be easier to get compared to 100 pips. However, 10 pips requires a great deal of skill to be able to hit that mark while risking 1:1 and trying to win over 50% of the times. The thing is i have that system.
It is a different ball game trading for 100 versus 10.

I trade for 5 points which is 5% Daily. Like you say you have the system ? same here...

trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #210
  • Mar 27, 2018 2:53pm Mar 27, 2018 2:53pm
Quoting billytt
{quote} It is a different ball game trading for 100 versus 10. I trade for 5 points which is 5% Daily. Like you say you have the system ? same here... trade well
5 points mean 5 pips or anything else! Okay, you are trading with 5 pips TP then what is your SL?
  • #211
  • Mar 27, 2018 4:30pm Mar 27, 2018 4:30pm
Quoting GeorgeBaile
{quote} 5 points mean 5 pips or anything else! Okay, you are trading with 5 pips TP then what is your SL?
Hi, i call pips, points and candles bars........

i do not use stop loss, i just counter until next trigger


edit... and 1 pip/point= 1%
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #212
  • May 10, 2018 5:08pm May 10, 2018 5:08pm
10 pips is really a big deal particularly for newcomers but if you can manage your trading strategies then it is possible to earn more pips, otherwise minimum result will not come out.
  • #213
  • May 11, 2018 6:13am May 11, 2018 6:13am
Hey I'd be interested in finding out about this 10 pip/day. Sounds like a solid starting block for me.
Please share the link for the spreadsheet? Thanks
  • #214
  • May 12, 2018 5:05am May 12, 2018 5:05am
Hello, Im semi rookie I guess. I have been making some consistent pips buy just trading breakout.

My main goal (now) is to try and ride a longer wave down.

So..once i get entry I usually make good points on the way down but then get margin called on the retracement. But the frustrating thing about this, is that it is usually only by a wick!..Is it possible that it is the platform im using? or is there something i can read to understand margin and (stoploss??) a bit more, I have attached a recent trade i did on CAD, where i made 1k on the way down but margin called on the retracement

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-05-12 at 6.20.59 pm.png Size: 99 KB
life is a reflection of what we allow ourselves to see
  • #215
  • May 15, 2018 9:07am May 15, 2018 9:07am
Why don't people talk about drawdown and pips lost a day?
'For the market to work, it needs people who think that they can beat it.'
  • #216
  • May 15, 2018 11:05pm May 15, 2018 11:05pm
Quoting mikeeating
Hello, Im semi rookie I guess. I have been making some consistent pips buy just trading breakout. My main goal (now) is to try and ride a longer wave down. Is it possible that it is the platform im using? i made 1k on the way down but margin called on the retracement
//----

hey mike..... it's not the platform...... it's lack of free margin......

using usd and 50:1 leverage.....

the eurcad pays 8$ a pip..... that 1000$ candle was about 60 pips..... which would suggest 2 standard lots..... requiring, 50:1 leverage, 4800 in margin..... the margin call was about 60 pips above entry.....

so, using 50:1 leverage, 4800 was used for the trade leaving only 1000 in free margin on a 2 standard lot trade.... without surgical precision that probably is not enough.....

there's a gozillion opinions on the proper (margin used)/(free margin) ratio...... with just as many on stoploss's and lot size....

//------

as far as , My main goal (now) is to try and ride a longer wave down. ...... ....... there are 2 gozillion opinions on that......

for me, riding the longer wave is the best way to stick around......h
to trade and code, keep both simple... no call to impress....h
  • #217
  • Apr 27, 2019 6:07pm Apr 27, 2019 6:07pm
What about 10,000 pips per week? Let's be cautious and just say like 5,000 pips per week... you know to account for summers, bank holidays, and Christmas/New Years. That's a lot of pips.
  • #218
  • Apr 28, 2019 9:15am Apr 28, 2019 9:15am
Quoting decato
I am new to all this, so getting 10 pips a day for me would make me happy as a rookie
10 pips daily means 200+ pips monthly; it’s quite standard monthly return according to my trading experience; basically I believe consistency is the key, whatever the return it is.
  • #219
  • May 6, 2019 1:13am May 6, 2019 1:13am
there is any way
to bring 10 pips consistently by using scalping strategy
that brings profit in a short time ?
generally scalping contains huge risk than others we have ,
  • #220
  • May 11, 2019 7:21am May 11, 2019 7:21am
It also depends on what % your 1pip is worth.
1 trader viewing now