How many pips per Week - Classification of a trader | Forex Factory

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How many pips per Week - Classification of a trader

  • #1
  • First Post: May 8, 2016 9:21am May 8, 2016 9:21am
Hi everyone.
I was wondering what is the number of pips a trade must make to be a professional trader.

Well lets have a standard among the community to get clear classification of traders.

100-200 Avg pips per week - Beginner
300- 400 avg pips per week - amateur
700-900 avg per week - experts
1000-1500 avg per week - Professionals

if Forex factory too can help us rate the trades then it will be be great opportunity for beginners to learn from experts
Mastering the Pair
  • #2
  • May 8, 2016 9:54am May 8, 2016 9:54am
Quoting Janfx
Hi everyone. I was wondering what is the number of pips a trade must make to be a professional trader. Well lets have a standard among the community to get clear classification of traders. 100-200 Avg pips per week - Beginner 300- 400 avg pips per week - amateur 700-900 avg per week - experts 1000-1500 avg per week - Professionals if Forex factory too can help us rate the trades then it will be be great opportunity for beginners to learn from experts
Bloody hell, I thought 200pips a week would make you a God haha
So many in the Commercial section want to make me rich! :o
  • #3
  • May 8, 2016 10:18am May 8, 2016 10:18am
Quoting Janfx
Hi everyone. I was wondering what is the number of pips a trade must make to be a professional trader. Well lets have a standard among the community to get clear classification of traders. 100-200 Avg pips per week - Beginner 300- 400 avg pips per week - amateur 700-900 avg per week - experts 1000-1500 avg per week - Professionals if Forex factory too can help us rate the trades then it will be be great opportunity for beginners to learn from experts
I think your classification is good.
  • #4
  • May 8, 2016 10:28am May 8, 2016 10:28am
Quote
1000-1500 avg per week - Professionals
Have never known of anyone who makes 1500 pips a week consistently.
Old ways dont open new doors
  • #5
  • May 8, 2016 10:37am May 8, 2016 10:37am
​its subjective, you can make 100-200 per week if you just reduce the lot size and take more trades... 1 lot reduced to 0.1 lot x10 means 10 times more pips... also its the same for the losses.
  • #6
  • May 8, 2016 10:42am May 8, 2016 10:42am
Trade exotics and you have your 1500+ week.
  • #7
  • May 8, 2016 11:43am May 8, 2016 11:43am
Quoting Don96
​its subjective, you can make 100-200 per week if you just reduce the lot size and take more trades... 1 lot reduced to 0.1 lot x10 means 10 times more pips... also its the same for the losses.
Exactly what I was thinking
Old ways dont open new doors
  • #8
  • May 8, 2016 2:01pm May 8, 2016 2:01pm
Well...this is trick..

I am a trader since 2007...I blowed one good account....now I do 100 pips a week on average...and I think it is hard enought

Who am I on this classification? I am a profitable survival...

  • #9
  • May 8, 2016 2:22pm May 8, 2016 2:22pm
Quoting Janfx
Hi everyone. I was wondering what is the number of pips a trade must make to be a professional trader. Well lets have a standard among the community to get clear classification of traders. 100-200 Avg pips per week - Beginner 300- 400 avg pips per week - amateur 700-900 avg per week - experts 1000-1500 avg per week - Professionals if Forex factory too can help us rate the trades then it will be be great opportunity for beginners to learn from experts
You simply cant put it that way. There are many different types of traders, some like to scalp 20-30 pips a day and can only monitor 2-3 pairs. - There is also swing traders, who can monitor 10-15 pairs and spread their risk over the pairs.
MY SITTING, NEVER MY THINKING!
  • #10
  • May 8, 2016 5:16pm May 8, 2016 5:16pm
With a question like that, I don't think you can have got to the beginner stage yet....

I would change your classification to :
Negative : Beginner
Break Even : Amateur
Making a Profit :Expert
Making a Living : Professional

You can make pips per week and still make a loss, the key is the value of the pips. Its is not about the pips, it is about the percentage of the account gained.
Max
Gravity goes both ways in forex...
  • #11
  • May 8, 2016 5:48pm May 8, 2016 5:48pm
Its about the percentage, not the pips. Pips dont meant anything at all.
  • #12
  • May 8, 2016 8:57pm May 8, 2016 8:57pm
Many traders assume lot is important than the pips . Well let me share my idea in as Pips are movements in the market . If we can grab those pips in a preset preriod[Monthly or weekly] then we can have a effective Money Management. if you do the maths you will lose money in long run. What I really meant is " if you know your rate of pips per month then you can fix your lot value according to your R:R and the start trading. " in this case you will lead for a good positive account.

many beginners think forex trading is a holygrail for wealth . YES it is ,if you have done your homework.

Scenario of a traditional beginner :
deposits $500 opens a .1 positions and has a 30pips stop [technically he takes 4% risk open 6 positions in greedy . Now the exposure us 24% and if the Market hit against the trade then he will lose 24% the account. ]

Emotions will start dominating the trades and start chasing for trades and lose 75% of the account. then start blaming " WHY ME !!!!!!!!!!!!!!"


"IF YOU HAVE EVERY FACED THIS SITUATION AND STILL IN THIS STAGE THEN YOUR A BEGINNER "
Mastering the Pair
  • #13
  • May 8, 2016 9:11pm May 8, 2016 9:11pm
if your a expert or professional trader then you will have your account exposure below 5%Max while you will be risking only .03%-.05% per trade. thats holding 10-15trades of avg 30pips stops per trade and if your R:R is 1:2 and higher with weekly winrate of avg 50% then " YEA I AM ON EVEREST "

Now if you do your maths then you will understand how much pips you must make for a independent trader.

YES Percentage Matters!!!! when you do your risk management. " If risk management is husband then Pips is the wife and profits are the children" if you lose any of these then there is a imbalance in your start.

percentage will work as a framework and do all the scribbling inside that framework.
Mastering the Pair
  • #14
  • May 8, 2016 9:20pm May 8, 2016 9:20pm
Quoting max pips
With a question like that, I don't think you can have got to the beginner stage yet.... I would change your classification to : Negative : Beginner Break Even : Amateur Making a Profit :Expert Making a Living : Professional You can make pips per week and still make a loss, the key is the value of the pips. Its is not about the pips, it is about the percentage of the account gained. Max

if you can grab pips of the market and still not making money means you dont have a trading plan . you dont have a framwork. in FX 90% of the time " SLOW AND STEADY WILL WIN THE RACE " .
Mastering the Pair
  • #15
  • May 8, 2016 9:42pm May 8, 2016 9:42pm
Quoting Don96
​its subjective, you can make 100-200 per week if you just reduce the lot size and take more trades... 1 lot reduced to 0.1 lot x10 means 10 times more pips... also its the same for the losses.
balance 1000 and all positions are opened in the same time in differnet pairs . [example of showing how you spread your risk% with your Balance]

Yes it is .
case 1: opening 1 lot in pair is like putting all your eggs on 1 basket and making 1 return
case 2: opening 10 .1 lots in different pairs is like spreading your risk .



case 1 : Target 100 stop 30 [1:3] Risking 30%
if stop loss hit then your losing $300
else
proft 1000


case 2 : target 100 stop 30 [1:3] 10 trades [risking 3% ]
1 ---> winrate 20% profit 200 loss 240 net profit -$40
1---->winrate 30% profit 300 loss 210 net profit $90
2----->winrate 40% profit 400 loss 180 net profit $220
3----->winrate 50% profit 500 loss 150 net profit $350

if the first trade hits stops.
Case 1 : you will lose 30%
case 2 : you lose only 3%


after losing 30% you will have partnership with your negative emotions to reduce your lot size . and keep on doing until your account get busted
Mastering the Pair
  • #16
  • May 9, 2016 3:38am May 9, 2016 3:38am
Also different currency has different pips range,I believe it's about the percentage and not about how many pips anyone makes on average.
  • #17
  • May 9, 2016 4:11am May 9, 2016 4:11am
I think that is a very arbitrary classification. A professional trader might only make a few trades per week each being only a few pips, but still make a great profit because they used a big lot size. After all, it's the profit all traders are after, not the pip amount.
  • #18
  • May 9, 2016 12:08pm May 9, 2016 12:08pm
You are assuming your risk and reward is always the same. Which is better a 5 pip stop and 40 pip profit or a 50 pip stop and 100 pip profit. Take a 2.5 % risk on both trades. Winning the first trade and losing the second would lead you to be down on pips but up on percentage profit. Pips are not important, percentage profit is.
Max
Gravity goes both ways in forex...
  • #19
  • May 9, 2016 11:38pm May 9, 2016 11:38pm
Can anyone trading GBPJPY please share how many pips TP and Stoploss is realistically possible in a timeframe of 1 hour and which Asian, London and US session hours are ideal for trading this dragon?

Thank you.
Practice makes a person perfect
  • #20
  • May 10, 2016 9:03am May 10, 2016 9:03am
Quoting simnz
Can anyone trading GBPJPY please share how many pips TP and Stoploss is realistically possible in a timeframe of 1 hour and which Asian, London and US session hours are ideal for trading this dragon? Thank you.
At the very least the ATR X 1.5 for range must be considered. I would say that if are a beginner there are much easier pairs to trade. It is my favorite pair and the one that I make the most money with, but you need to have a big picture viewpoint and be willing to ride swings of hundreds of pips. I would suggest that if you really want to trade the dragon, start with the daily chart and the smallest lot size that you possibly can to learn it before trying to trade the hourly chart.
Plan, Prepare, Execute, Repeat
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