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    Thread: Learn to earn pips not profit (2)

    1. #1
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      Default Learn to earn pips not profit (2)

      Original thread: Learn to earn pips not profit
      Learn to earn pips not profit (2)
      Quote Originally Posted by eTraderState View Post
      in my trading experience i have concluded it that to success in FOREX market is only in that condition that we have to not focus on profit, we just learn to earn 10 pips on daily basis and this should be 100%. when you will learn this, you will trade 10% lot daily of your equity and can grow in short time.
      EXAMPLE: your equity 100$,
      daily trade 1$ lot and daily profit will be 10$ after 10 says you have 200$ equity, now your lot will be doubled but target pips 10 will remain same forever,
      after every 10 days money will be doubled.
      yes you have gave a good lesson. it is true that to earn profit we have to earn pips. lot size depends on capital. if you can conform 10 pips per day it will be a good amount and end of the month you will have 300% of your capital. with loss and profit if you are able to get this money then you will be a professional trader soon.
      Last edited by MT5 bozZdeviL; 09-26-2016 at 11:14 PM. Reason: Add Original Thread

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      Whether one is trying to earn pips or profits they are all the same thing to me, that way what matters is that one makes good sure that he has got the good trading knowledge and skills on trading, that is what that matters the most. That way discipline is also needed to ensure that one is been able to keep to make constant income and winning.

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      Learn to earn pips mean you should have skills to analyze the market technically and you should have in idea after technical analysis that how much market will move if you place an order, basically when you learn to earn pips profit is automatically earned, you should use indicators to analyze technically.

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      There are big differences between pips and profit. All are same. Pips converted into profit that is the difference. I think about pips. At the end of the day i calculate how much I have gained pips of lost. That is how I trade. Trade what ever you like but please ensure profit at any cost.

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      you are right and i think that thinking about pips is more important as when you earn 100 $ from a lot size of 1 $ is better than earning them from a lot size of 10 $ so you should consider the analysis for making pips not money

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      Even if we learn to earn pips, it is still profit that we get when we earn. I believe that both to earn pips and to earn profit is the same thing. What we should guard against doing is trying to earn pips with huge risk. If we earn 40 pips and we are taking .40 cents per pip it is $16 profit. If we target $16 profit from our trade, is it not the same thing?

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      It is safer to count the pips and not the dollar, especially if you are trading with a small lot size. The amount of dollar you will be making per trade or even per day may be small but if you look at the number of pips that generate that dollar for you, then you would know that you are making progress. But if you are counting the dollar with a small lot size, then you might become discouraged and this may lead to greed.

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      Pips earning is the main key to success in forex market. No one can earn money from forex witwithout earning pips. Pips earning is depend on knowledge and learning about market. Who can earn pips can also income from forex market.

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      A good idea.Although almost the same thing because when you learn to make pips invariably you are making profits.What you are trying yo inform us is to ensure that when we are learning a method or strategy it is number of pips that matters and once this is solidified then we turn the pips to money/money.

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      Quote Originally Posted by eTraderState View Post
      in my trading experience i have concluded it that to success in FOREX market is only in that condition that we have to not focus on profit, we just learn to earn 10 pips on daily basis and this should be 100%. when you will learn this, you will trade 10% lot daily of your equity and can grow in short time.
      EXAMPLE: your equity 100$,
      daily trade 1$ lot and daily profit will be 10$ after 10 says you have 200$ equity, now your lot will be doubled but target pips 10 will remain same forever,
      after every 10 days money will be doubled.
      okay but what would happened if we lose 1 trade? how much money does it cost us in single trade according to your method? I am asking this because you mentioned 100$ capital with 1$ lot size which is not according to the money management at all. you should not use lot size more that 0.10 if you really want to survive in the long run.
      i'm not RANDOM you just can't think as FAST as me


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