How many pips does a pro rake in per week on average?

[arabianights]

I'm still with the risk = ??????????????????????????????? crowd, gentlemen.

I'll put this into equities terms

You're long YM. Then Russia Nukes, pretty much instantaneously, Chicago, New York, and San Fransisco.

So a) The exchange goes down and so you can't exit... but the stock market halves instantaniously, where does your account go? although b) what does a dollar become worth? Can you weather it anyway as the money lost becomes meaningless?

The reality is that NO TRADE has a decently defined risk, and one is stupid to assume that it does.

 

[jiggly]

is there any1 going long on eurovs dollar

not yet

 

[Igat]

You made me read 16 pages and I still cant find how many pips a pro rakes in a week on average. That sucks

But in all seriousness I can understand why a newbie would ask the question but really its a question that cant (already explained I like the roulette analogy) and even if it could, it should not be the focus for a new trader.

If it were possible to give an answer I believe it better the newbie didn't focus on it. Trading is no different from anything else you have learnt in the past. When you learn to swim the focus is on survival and not on how many lengths the average professional swimmer can swim. The same for walking you concern yourself not a jot with how far the average professional hiker walks in a day but standing up without falling.

The first question a trader should ask new to the field is How do I prevent myself from losing all my money when that's mastered then you will know the answer to your own question because you will be in the top 10% of all traders (apparently). The fact that it isn't the focus is probably why 90% fail.

If you are looking for what is possible hows this grab you

Top 25 Highest-Earning Hedge Fund Managers

Personally I couldn't afford the pay cut.

 

[Jumpinjack]

Eur/usd

is there any1 going long on eurovs dollar

I`m short now 1.4039 looking for 1.3400 target. We shall see!

 

[Jumpinjack]

Having a Strategy

50 pips STOP? That is very optimistic view if you notice that forex market can reverse/retrace by 70% during the day. If shooting for 350 pips I would never put my initial stop closer than 100 pips. And that is very, very risky still.

Really depends on how you trade. But basically if you are willing to risk 100 pips in the HOPE that the market will turn in your favour why not risk 50 pips or 25 pips. That way you can try 4 times to get into the market!

But this morning I am short EUR/USD 1.4039. My stop (the risk) on this position is near the highs of Friday in this case 60 pips away. My reward? I planning to add to this one and am looking for 1.3400 in the coming weeks. Its a plan, if it goes wrong I know what to do!

 

[Vaco]

This question is meaningless but not because of the difficulty in answering it. Below is why I think so in the form of another just as pointless question.

Q. how big is a porn stars c*ck

A.doesn't matter,

-you are not and probably will never be a porn star

-No two c*cks are the same

-knowing how big they are will have no impact on the size of yours now or in the future.

 

[Jumpinjack]

EUR/USD Short

My Stop is now at 1.4044! Just above entry at 1.4039.Price currently at 1.3992.

 

[Jumpinjack]

EUR/USD short

Now bringing my stop to entry 1.4039, after this last attempt higher. Risk now = 0

 

[magestic]

eurovs dollar

hi jumpin jack, do youthink the euro has reached its peak against dollar because i was about to go long as there still might be an increase do you think i shoukd go short now.

 

[Jumpinjack]

Eur/usd

hi jumpin jack, do youthink the euro has reached its peak against dollar because i was about to go long as there still might be an increase do you think i shoukd go short now.

I am short EUR/USD and short GBP/USD which now has a bearish outside day, i.e., higher high, lower low and looking like a lower close.

There are three choice right now. a) wait for moves higher to short at, i.e., around 1.4055 which seem unlikely now, b) short now at 1.4018, or c) short below 1.4000 once the price is convincingly below that level which is also where I am waiting to add to my position. I think we go down to 1.3400 area on eur/usd. Good Luck.

 

[Jumpinjack]

Eur/usd

I`m flat now. Think there is sideways action and that eventually eur/usd goes down but these sharp moves higher are a bit too disconcerting. Sidelines and patience for now.

 

[Jumpinjack]

EUR/USD Short

I`m flat now. Think there is sideways action and that eventually eur/usd goes down but these sharp moves higher are a bit too disconcerting. Sidelines and patience for now.

Short again from 1.4030 level adding again now at 1.3888. Still looking for 1.34 further out!