Question
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How many pips is ok?
8 Answers
<p>For every $500, you trade 0.1 lot. I'm only going to talk about the GBP/JPY here because that is what I trade every day. This currency pair moves about 100 to 300 pips per day - so you can at least catch 20 pips in a day.</p>
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<p>It’s my experience More the pips more the difficulty Level is high and less is the winning ratio, less are the pips less is 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 the market is the only way NOT TO BE IN RISK. that’s all I learnt in my 4 years career. and now it’s paying me too much…I am happy with it.</p>
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<p>There is no standard of pips per day. Trading is a long-term endeavor. It is important to survive for a long time. Pips don't move according to anyone's target. Adapting to the market and taking advantage of good trade opportunities is essential. </p>
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<p id="isPasted">The answer to this question depends on a number of factors, including the trader's goals, risk tolerance, and strategy. Most experts agree that most traders should aim for 1 to 10 pips per day.</p><p>The general consensus is that 0.05 lots per 100 dollars of capital are a safe amount to trade. The reason for this is that it allows for proper risk management while still providing a good chance of profit.</p>
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<p id="isPasted">Mostly, it depends on your strategy. As a new trader, you must have a strategy and follow it. </p><p>You should not trade if you do not have a strategy and a plan. It would be a big mistake. Here's why. New traders will mostly act on feelings if they don't know how to trade. Although I thought I didn't trade in my feelings, I did. My daily struggle is to let go of my feelings and trade according to my strategy, applying what I have learned.</p><p>You should invest a 0.05 lot if you have $100. One lot can be …</p>
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