who know how many pips he/she will make in profit daily , if i set any target then it would be only extra burden for trading plan , because their is lots of potential for gaining profit same as losing money so if i limit my target in 20-30 pips may be i will earn more or can not achieve such target so i don't like to take this point seriously into my recognition and like to trade in free mental attitude without abide by any daily profit target .
why do i need to lead my self to losing every day without any take profit, if it like that no need to trading in forex when i lose every day, so when you trade every day you must se one or two strategy that can earn you and take profit every day or every tow days,
I do have a daily target of about 0.5% of the capital.
but if my analysis is not possible to get a target, I did not force myself to pursue that goal, there is still another day
Don't be a Maybe...
if we trade but without knowing market condition and we trade like 100 pips but if the market's position is negative movement then obviously this target could lead us to see more loses
I think daily target can lead us to not over trading as well. I think every movement or action that we take its will have positive and negative side effect. only we need to focus on positive side.
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I don't agree with you..
Set Daily Target with Reasonable Target and you can effort to Achieve it, such as 10 Pips..
If you think 20 Pips is easy then Set it to 20, but if you think 20 Pips is not Possible for you, then
set it to 10 Pips, if you still can't do that than set it to 5 Pips.. 5 X 20 Days Trading = 100 Pips/Month..
1 Pips is 1% of your account and you risk only 5% of your account and you can get 100% Growth of your account
in 1 Month.. you can be discipline with Daily Target and surely Prevent you From Greed..
"Forex has no Brain, Use Yours"