How many pips does the average retail forex trader make?
November 20, 2009 by admin
Filed under Fx Forex Trading Strategies
I’m trying to trade forex on my own, with 3 strategies based primarily on technical analysis, supplemented by fundamental analysis. I’ve developed these strategies through homework, lots of reading and just a bunch of research. I bought a system in the past and got burned. Now I’m doing it myself. Does anyone know the honest average range of pips professional retail traders make every month? My impression was that they make an average 250-500 pips a month. Not to say they do that every month, it’s just the result when averaged out. Right now, after 2 months of trading, I’ve made a little over 200 pips and I’m hoping to maintain that and improve to the 250-500 pip average a month range. Is that realistic? Ideal? What should be my target monthly average to be a truly successful forex trader.
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Is There A Simple Fx Moving Average Based Strategy That I Could Stick To That Has Proven Efficient?
November 16, 2009 by admin
Filed under Fx Forex Trading Charts
I’m looking for that kind of strategy: 1/2 hour candlestick chart, MA20 crosses MA5, wait 3 candlestick, if still crossed, enter trade, stop loss: 100 pips take profit: 10 pips…. But I’m no IT genius and have no clue how to backtest!!!
I suggest researching www.BabyPips.com
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