Extra income, low pips/ high £ X point ?

This is a discussion on Extra income, low pips/ high £ X point ? within the First Steps forums, part of the New Traders category; Hello guys, I did research, read a very good book and am currently reading more. I traded a couple of ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Oct 5, 2010, 12:27pm   #1
Newbie
 
T.O.M's Avatar
 
Member Since Oct 2010
Question Extra income, low pips/ high £ X point ?

Hello guys,
I did research, read a very good book and am currently reading more.
I traded a couple of weeks on a demo account and decided to go for it. I'm really enjoying it. Im not actually calculating and planning that much before trading, I am though, placing stop losses carefully and evaluating my position/ market data and charts.

Now I have a small amount available to play with and right now forex is just an extra income. I am Trading low for now to check it out (£1 / pip) but was wondering if any of you on the same situation that trade as a second / extra income trade aiming for say like 10- 40 pips a day at anywhere between £5 - £10 /pip looking for £50.00 to £200.00 profit a day ?

my aim is to turn £200.00 into £2000.00 ....insights ?

cheers
T.O.M is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Forex-Calculating risk/pips per point cr6196 First Steps 6 Mar 13, 2009 8:46am
low point & end of week InReality Indices 2 Mar 3, 2009 2:22pm
High/Low Pivot Point Equation? jmzjc Technical Analysis 4 Jan 19, 2004 8:08am