10 pips a day can make you rich quickly

i think you are just looking at a 8 hour a day job remember forex is 24 hours a day my last trade i entered the market at 1.33338 and am still holding at1.31743 in seven full days

Has anyone here been able to consistently make 10 pips or more per day over a month or more?

do i need bigger lot for 10 pips?

I am very confused how we can trade with 10 pips?

10 pips per day can make you rich but not quickly. It will take time and you may not succeed. If you start thinking about quickly and fast then don`t trade at all.

Trading is about money management and patience.

What would be the SL for a 10 pip target? For a 1:1 R:R which many consider the minimum, that's a 10 pip SL. Highly dangerous.

10pips a day is good and we can achieve our target of earning good profit but it also necessary that to achieve this trader should make a good plan and strategy and then follow it with proper discipline.

Until a trader has complete discipline there is no hope.

Step two is finding a high probability strategy that is compatible with your style and the time you are able to trade.

Step three is writing your trade plan and keeping to it. The trade plan tells you when you can enter, what time of day you can enter, your risk, how you manage your risk, and how you take your profit.

10 pips sounds easy and can be if discipline is in place; strategy is sound; and your follow a well fleshed out trading plan.

last point, for this type strategy to work I believe a trader will need to be entering and managing trade off 1m, 2m, 3m timeframes. No room for error.

When i was new, this kind of topic makes me excited but as now full timer. I don't count how much pip i make. I count how much profit i make, that's all it matters. If one trade in a week meets the profit target, then its ok to go.

That's 50 in a week, sounds like you need to aim for more than 10 in a day to get 50 in a week. 20/day will make more sense..

You ain't even trading full time...

Yes.i think 10 pips a day is enough for a day to be a rich man.Don't be greedy otherwise you may loose all

why is that?

Has anyone using Median Lines? For the last couple of weeks I follow Forex analysis at myforexview and this looks that you can make more than 10 pips a day. Any advice?

Never heard of these guys. Try demo trades first

It is not a broker, but a blog and the guy who writes it does analysis using Median Lines and this tool looks quite impressive

The more capital you have the more lot size will you be able to use and also the risk factor increases so trader must have money management skills to generate the reasonable profit from risky Forex market.

I use this strategy and i hedge... i am always 99% guaranteed that i will get the 10 pips on my direction.

wassup Pipomagic. sound like a solid plan. im new at this forum can you let me know what strategy u use n currencies, etc timeframes. all i need is 10 pips a day also for now im in sd, california and need some advice thanks

If I may suggest you something.
Get away from the idea of winning 10 pips per day to become rich quickly. The smaller your target is the % of risk you are risking on spread. If you over leverage to make your living with 10 pips remember that you already payed 20% of that per trade to your broker which you have to win back before you are break even.