How many achieve an average of at least 100 Pips a month? | Forex Factory

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How many achieve an average of at least 100 Pips a month?

  • #1
  • First Post: May 11, 2013 8:57am May 11, 2013 8:57am
I know that not all months are same. But I want to know if anyone is making atleast 1000 Pips a year. I've been reading many websites online and no one reports such profit.

With my meager experience, I see that 100 pips profit is almost 100% returns. So in a year, a 1000$ account could be grown atleast 10,000$ account within a year.

All I'm looking for here is just an encouragement and whether it is possible.
  • #2
  • May 11, 2013 9:48am May 11, 2013 9:48am
Quoting Bhoopalan
I know that not all months are same. But I want to know if anyone is making atleast 1000 Pips a year. I've been reading many websites online and no one reports such profit. With my meager experience, I see that 100 pips profit is almost 100% returns. So in a year, a 1000$ account could be grown atleast 10,000$ account within a year. All I'm looking for here is just an encouragement and whether it is possible.
100 pips = 100% return is insane leverage. you cant trade like that.
  • #3
  • May 11, 2013 9:53am May 11, 2013 9:53am
Hey

To me 100 pip shouldn't mean more than 5% or 10% of your account, anything greater than that, means you 're using too much leverage , and your risk of ruin is enormous
if 100%= 100 pips, also means that you can go broke in 20 minutes ...

use a simple formula : 100/(leverage)= (1% of your account expressed in number of pips)

so with a leverage x5: 100/5=20 pips = 1% of your account, wich is pretty safe IMHO
  • #4
  • May 11, 2013 9:59am May 11, 2013 9:59am
You can only take what the market gives you.............less than 3 weeks of trading here..........
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The More You Learn, The More You Earn.....
  • #5
  • May 11, 2013 10:14am May 11, 2013 10:14am
Is that so? I'm just a little more than a month old in Forex market. All I know is I use a 1:100 leverage which seems to be common among many traders isn't it?

Where am I going wrong? In the belief that 1:100 leverage is common in Forex?

In that sense, all I want to know is how much return percentage do you earn on an average / month?
  • #6
  • Edited 3:33pm May 11, 2013 10:17am | Edited 3:33pm
Quoting Bhoopalan
I know that not all months are same. But I want to know if anyone is making atleast 1000 Pips a year. I've been reading many websites online and no one reports such profit. With my meager experience, I see that 100 pips profit is almost 100% returns. So in a year, a 1000$ account could be grown atleast 10,000$ account within a year. All I'm looking for here is just an encouragement and whether it is possible.
that's not how u do the math....

take into consideration on the account size, position size, system and methodology on risk management and risk appetite, consistency, risk ratio, profit factor.

100 pips is easily attained in most pairs,

the final question is how consistent and reliable the trader on his system and management get to banked in those pips without going through the similar or large draw down or losses, and that's the hardest to achieve over the long term without alteration on the leverage and position sizing through martingale, meaning to say it should be standardize and should not keep changing the rules but with a fixed system and method of risk and money management.

thus your doubt is really too simple as you did not consider the real factors of how can pips affect the outcome and results.
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  • #7
  • May 11, 2013 10:20am May 11, 2013 10:20am
Quoting Bhoopalan
Is that so? I'm just a little more than a month old in Forex market. All I know is I use a 1:100 leverage which seems to be common among many traders isn't it? Where am I going wrong? In the belief that 1:100 leverage is common in Forex? In that sense, all I want to know is how much return percentage do you earn on an average / month?
my true advice, don't even think of trading live or using 1:100 on FOREX, if you want to gamble go ahead, if you want to trade, don't ever fall for leverage by those bucket shops casino brokers

1 - Research and read up at least 3 months.
2- Don't even try live, if u want to try , use demo at least 6 months.

Don't use real money, the minute if you started using real money on 1:100, u will likely to be unknowingly become a gambler very soon without realizing that u have topped up non-stop and get addicted and failed to make real money on the arena.

This ain't simple as you think. Anyone that uses 1:100 on their account are just gambler.

If u use 100$ on 1:100 its 0.1 so be it.

try using hard earned money like those 5000, 10k or even 100k, and u will lose all, no matter how much u can make, its not going to be consistent and will eventually just lose all back to the market.
  • #8
  • May 11, 2013 10:38am May 11, 2013 10:38am
nice stats 5percent , are yours??
wich broker do you use, or use the guy with that kind of money ?
  • #9
  • May 11, 2013 10:39am May 11, 2013 10:39am
Quoting 5percent
{quote} my true advice, don't even think of trading live or using 1:100 on FOREX, if you want to gamble go ahead, if you want to trade, don't ever fall for leverage by those bucket shops casino brokers 1 - Research and read up at least 3 months. 2- Don't even try live, if u want to try , use demo at least 6 months. Don't use real money, the minute if you started using real money on 1:100, u will likely to be unknowingly become a gambler very soon without realizing that u have topped up non-stop and get addicted and failed to make real money on the...
That's a very good advice. Thank you. I realize it's like gambling. What do you mean by this?

Quote
2- Don't even try live, if u want to try , use demo at least 6 months.

Do you actually mean that If I want to trade with 1:100 leverage, I must demo trade at least for 6 months? No matter what. I'm beginning to lose the idea of trading with 1:100 leverage.
  • #10
  • May 11, 2013 12:19pm May 11, 2013 12:19pm
Well getting 100% profits is possible with the small funds because we can bet to take the risk. But when the funds are huge we can not take higher risks and thus the percentage of profits decreases as well. And for the statement that $1000 can be turned to $100000 or whatsoever. We are not here for 100% compounding all through the year, we need returns atleast on monthly basis.
  • #11
  • May 11, 2013 1:57pm May 11, 2013 1:57pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
100 pips a month is meager accommodations to say the very least.....
In laments terms of course it's being done right now so it can be done...
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #12
  • Edited 5:59pm May 11, 2013 3:42pm | Edited 5:59pm
Quoting Bhoopalan
{quote} That's a very good advice. Thank you. I realize it's like gambling. What do you mean by this? {quote} Do you actually mean that If I want to trade with 1:100 leverage, I must demo trade at least for 6 months? No matter what. I'm beginning to lose the idea of trading with 1:100 leverage.
It really system basis, some people use small amount to speculate in the market through leverage using stops position or sharp entries through risk reward.

For eg, instead of losing $100 on 1:100 on 0.1 lot, they use 1:100 to lose 20-40 pips but to make $100 through the possible losses of 20-40$ through risk management and risk reward.

Some people use small amount to bet and can roll $100 to $1000 or even $10,000, but very unlikely to the next levels, and most attempts failed by mid-way.

If one person always use 1:100 of $100 of 0.1 lot, its just pure gambling, because 1:100 is the entire account of 100 pips possibly if u use 1lot of 1000, and 10 lot on 10k. And that's only 1:100 power of leverage, some broker allows 1:400 up to 1:2000, which are just bullshit. Because eventually most retail traders will be categorized into gambler category, and broker very well knows that they can trade against these clients easily because the odds are against them instead of earning through pips spread, they earn the entire account and give you stupid bonuses just to get you fooled into using leverage but only to burn faster.

I am not saying you must demo trade at least 6 months, because if you done so, when you try, you would probably thank me that what you lost was just fake money and not real money, run live - forward test on your system and risk management at least 6 months before going live since you are totally new, because to be consistent in this market ain't simple. Even the pros have a hard time adapting to the change in the market every time, and experience really matters.

Probably take at least 1 year to get a feel of the market cycle, and up to 3-5 years of diligence and experience in order to master some art of the market. Without going through proper foundation and channel, most ended up in the large majority getting slaughtered by the market.
  • #13
  • May 11, 2013 4:19pm May 11, 2013 4:19pm
Quoting Bhoopalan
I know that not all months are same. But I want to know if anyone is making atleast 1000 Pips a year. I've been reading many websites online and no one reports such profit. With my meager experience, I see that 100 pips profit is almost 100% returns. So in a year, a 1000$ account could be grown atleast 10,000$ account within a year. All I'm looking for here is just an encouragement and whether it is possible.
Step one; Open a demo account, trade at maximum allowed leverage. Step two; When you have blown out (lost all the demo funds) in that account repeat two or three more times to understand the first time was not just bad luck. Step three; read and reread "Trade Your Way To Financial Freedom" by Van K. Tharp until you understand the what, why, and how of proper position size and intelligent use of leverage.

Forex is a zero sum game. For you to win someone must lose. Learning position size and leverage will not guarantee profit, but it will move you up many rungs on the trading ladder.
  • #14
  • May 11, 2013 4:33pm May 11, 2013 4:33pm
Quoting Percival
{quote} Forex is a zero sum game. For you to win someone must lose.
I do not agree with that. If this was correct then one could say insurance companies are of no use. They collect more premiums than pay out & pay staff.

Example:
FX hedging is large part of volume. Country X buys USD now so it does not go up too far, so they can purchase for example oil needed in 6 mths time. Purchase of USD was insurance against USD spiking up in 6 mths. They are not after profit but ability to keep functioning after 6 mths.

Alternatively, they wait 5.5 months, market knows there must is large purchase of usd due within 2 weeks and usd shots up. And they pay much more for USD.

It is called free market tax

You pick better scenario.
  • #15
  • May 11, 2013 5:12pm May 11, 2013 5:12pm
Quoting seaman2
{quote} I do not agree with that. If this was correct then one could say insurance companies are of no use. They collect more premiums than pay out & pay staff. Example: FX hedging is large part of volume. Country X buys USD now so it does not go up too far, so they can purchase for example oil needed in 6 mths time. Purchase of USD was insurance against USD spiking up in 6 mths. They are not after profit but ability to keep functioning after 6 mths. Alternatively, they wait 5.5 months, market knows there must is large purchase of usd due within...
Agree, Brokers get 50% of the monies just on transactions............IMO
The More You Learn, The More You Earn.....
  • #16
  • May 11, 2013 9:50pm May 11, 2013 9:50pm
shit i make 100 pips in 1 trade session, and that's in a slow day. any system your using, if you aren't profiting 100+ pips from 1 trade, your system isn't what it should be.
  • #17
  • May 11, 2013 10:17pm May 11, 2013 10:17pm
Listen to 5Percent, he is very knowledgable. Consistency and sound money management is key. This is why you trade six months on demo first, so you can gain that consistency and money management skills. Once you get that 100 pips a week is easy. I once ran numbers to see what would happen if I were to consistently get 100 pips a week, and I was very pleased with what I discovered.

I've been at this for two years now, and still haven't gotten to the point where I want to be. I had a good week last week and bagged 200+ pips. However, that has been more the exception than the norm. But, what I've been applying the last week or two has been working for me and things are starting to click.

Trading FOREX is something that isn't learned overnight. Sure you may learn the basics, but to truely master it takes time and practice. You have to learn how to not only read a chart, but you have to look beyond the chart and take in the whole picture.
  • #18
  • May 12, 2013 3:50am May 12, 2013 3:50am
I am very happy that I have got a system at least after my 2 years of struggle that is giving me more than 100 pips in a month and I do not have to trade much or everyday to take some pips. I am in 100 pips group now
  • #19
  • May 12, 2013 11:00am May 12, 2013 11:00am
I have averaged over 300 pips a month since December 1, 2012. My trade explorer is here.

So, I haven't made it a full year at that level yet, I can say that before that I struggled like most people to stay above water. It is true that risking an amount that yields 100% returns for 100 pips is likely to get you into trouble even if you have a profitable method. The inevitable losing streaks will deplete funds rapidly.

I was trading with what many would see as high risk, although not nearly as high as 100% per 100 pips. I was taking 1 trade at a time this way to minimize overall exposure of the account. Things went very well for 3 months plus then I hit a long losing streak which wiped out quite a bit of the gains. I changed to significantly lower leverage used per trade but took several trades at once, as expected this has smoothed the equity curve and remained profitable overall.

The key as I see it is to research a method to find a potentially profitable system that fits your style and schedule, then forward test it either on demo or with a small live account. If you are seeing profitable results live then you can fund your account to a higher level if it does not hurt you financially to do so. All money you use for trading is at risk and there is no guarantee that success will continue even if you have proven good results over time on a live account, so any money invested in fx trading must be considered money that you can afford to lose.

I made a post here about why newbies lose, it may help to gain some perspective on the journey that we all go through as traders and why we would recommend not trading at the risk level of 100 pips = 100%.

It has taken me several years to get to the point of profitability, part of that is because of work and schedule issues, if I could have spent more time learning to trade I could have shortened the learning curve somewhat. I did work as hard as I could to discover a profitable method from about 2007-2009, then for the next couple years did not trade fx actively although I still read this forum and had a strong interest, occasionally I would test a system here and there. Around September 2012 I put some ideas together and began manually backtesting a concept, it showed merit and with a few tweaks along the way I arrived at a method I wanted to test on a live account, which I started in December 2012.

So far so good overall, my main thing continues to be striving for discipline, it can be very challenging considering the hours that must be put in to achieve the best results. In my case I am waking at 4:30 AM, I am not at all a morning person so I have had to completely adjust my lifestyle. But I can see a light at the end of the tunnel now so it is worth it, don't give up but be realistic in terms of the effort it is going to take to be successful, there are no shortcuts.

All the best to you.
  • #20
  • May 13, 2013 12:42pm May 13, 2013 12:42pm
Very interesting and encouraging to see your post. At least you are now making good number of pips. With time, there will be increase in the pips amount and ofcorse the profits
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