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.

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.

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.

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Question -

How many pips is ok?

8 Answers

Vernon Petty

Answered 2 years, 6 months ago

In forex trading, a "pip" is a unit of measurement for price movements. One pip typically represents the smallest price change that a currency pair can make. The exact value of a pip can vary depending on the currency pair being traded and the size of the trade. In most cases, a single pip is equivalent to 0.0001 of the quote currency. For example, if the EUR/USD exchange rate moves from 1.2050 to 1.2051, this would be a one-pip change. The value of a pip can be calculated by using the size of the trade, the lot size, and the …

Anthony Giles

Answered 2 years ago

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 numbers of pips e.g. 200-400 pips per day.The recommended equity level is to risk 2% as a maximum so you are less exposed to Market fluctuations. A lot size of .05 would imply an equity level of 2,500 in your trading currency.

David Hunter

Answered 1 year, 10 months ago

The number of pips that is okay depends on your trading strategy and risk tolerance. Some traders may be happy with a profit of 10 pips per trade, while others may look for 50 pips or more.Here are some factors to consider when deciding how many pips are okay for you:<ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Your trading strategy: Some trading strategies are designed to generate small, frequent profits, while others are designed to generate larger, less frequent profits. If you are using a strategy that targets small profits, then 10 pips per trade may be okay for you. However, if you are using a strategy that targets larger profits, then you may need to aim for more pips per trade.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Your risk tolerance: How much money are you willing to lose on a trade? If you are risk-averse, then you may want to target smaller profits per trade. However, if you are more risk-tolerant, then you may be comfortable targeting larger profits per trade.</li></ul>It is also important to remember that trading is a risky activity, and there is no guarantee that you will make money. Even if you have a good trading strategy, there will be times when you lose money. This is why it is important to have a risk management plan in place and to only risk money that you can afford to lose.Here are some tips for managing your risk:<ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Use stop-loss orders: A stop-loss order is an order to sell a security if it falls to a certain price. This can help you to limit your losses on a trade.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Use position sizing: Position sizing is the process of determining how much money to risk on a trade. A good rule of thumb is to risk no more than 2% of your trading capital on any one trade.</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;color:#1F1F1F;background:white;">Have a trading plan: A trading plan is a document that outlines your trading goals, strategy, and risk management rules. Having a trading plan can help you to stay disciplined and to avoid making emotional trading decisions.</li></ul>If you are new to trading, it is important to start small and learn the basics of trading before risking a lot of money. You should also consider working with a financial advisor to develop a trading plan that meets your needs and risk tolerance.

How many pips is ok?

8 Answers

8 Answers

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