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Originally Posted by harold4x
what is so terrible about making 20 pips a day? i dont understand it if you cant make 20 a day you shouldnt be trading period
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Yeah that's true.
Pips is just another unit measure for me (my point of view). I always think about % and $, obviously one of you would think: "alright, depends on the leverage your using".
I say: Not at all my friend.
See my case, I've quit my daily job in a bank (I had a senior position) about 3 months ago to trade Forex full-time.
Do you want to know how many pips I've to do to get almost double of my former salary a month? "Only" 4.
What I'm talking about here is capital, doesn't matter if a guy makes 50 pips a day and the other do 4 pips a day, the difference between these two could be their capital invested.
4 pips a day. Is it easy? Is it achiavable? Is it worthy?
I say yes and no. Depends on your capital.
How does €140-150 euros per pip sounds to you?
Think about it.
Cheers,