making 15 pips a day, every day, starting at $1.00 a pip, results in $1330 in 1 month, $4928 in 6 months, $31,418 in a year, $727,628 in 2 years, and $1.229 million USD after 26 months ...
I just wanted to ask all of you if 30-50 pips profit in a day in one currency pair for example eur/usd is excellent?
Ignored
it is actually more than excellent. But there are two things you need to consider: how much money you are trading with and consistency. If you trade with more money, you can even make millions with that profit. Also, if you make 30-50 pips today, but lose the same tomorrow, it really is not a good situation. I would suggest just 5-10 pips consistent profit is better than 5000-10000 inconsistent profits.
Its great (if it's consistant) considering the daily range of say EUR/USD is around 170 ish at present.
What is more important though is your risks.
You should be focusing on only risking a certain percentage of your account. Suggest 2% max, until you become consistant in your method.
It all depends on your trading style. If your SL is 10 pips, then 30-50 is great. If your SL is 150 pips then aiming for 30-50 is the quick route to the poor house.
