Question
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How can we follow up with PIP movements?
5 Answers
<p id="isPasted">Gaining pips is a key to success but also is a major problem in Forex market, it’s not that easy…However, if Method is scalping then 2 to 4 Pips on average can make you Billionaire if you only Know How to Scalp the market with a Good winning system.</p><p>It’s my experience More the pips more the difficulty Level is high and less is the winning ratio</p><p>less are the pips less being the Difficulty level and winning ratio is high… even for these less Pips you need accuracy at least 70 percent. which is not easy in Forex market…Scalping …</p>
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<p id="isPasted">A2A. Any number of pips is OK depending on what exposure it means. If you are not profitable yet, what could help is to aim for 10 pips per day but increase the lot size. Walter Vanelli (he’s on Twitter) takes as little as 8 pips, but trade 2,5 lots per trade.</p><p>The smaller the pips, the easier it is to reach target (but I know of no research that proves whether it is actually better/more profitable)</p>
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<p>First of all you need to have a tight grip on risk management when you are trading with a small capital. If you end up losing more that would result in a margin call and that should be avoided. You must have heard the 2% rule which says one should not risk more than 2% of their capital on a single trade. If you are using any leverage then you have to be even more cautious. It is better to not set any target or limits for the number of pips a day. Just stick to whatever strategy you are …</p>
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<p>In Eur/Usd or any currency pair/usd a pip is the fourth digit after the decimal. For instance, 1.2901, the fourth digit after the decimal which is 1 is the pip. Pip means percentage in point or price interest point. And in usd/jpy it’s the second digit after the decimal. Like 1.256 its 5.</p>
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<p id="isPasted">It depends on whether you are able to enter the most active trading session which is the London open and the US period when the greatest volatility us apparent in the Market. You may find that due to the present Coronavirus time there are greater number of pips e.g. 200-400 pips per day.</p><p>The recommended equity level is to risk 2% as a maximum so you are less exposed to the Market fluctuations. A lot size of .05 would imply an equity level of 2,500 in your trading currency.</p>
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