Power of 20 pips a Day - 20 Pips Compounded



http://www.forexmalibu.com/20pips.php - In this next Chapter, Sam explains the Power of 20 Pips when compounded over the course of a year. This is a live excerpt from our live forex trading training course in our online trade room. We utilize Tiger Time Lanes Forex Trading Software

Comments

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  2. 100 pips a week with what lot sizes? What leverage?
  3. What if I start with 100k on compounding interest 100k 200k 500k trades ( whatever I have available) and playing for 1% profits each day. 1% is easyyyyy to make and 1% of 100k is 1k. 1k is way to weak for trades on big name stocks
  4. 100 dollars starting out with 1000 trades with 1% return on top of eachother compounded looks like this. 100X1.01^1000= 2,095,915.56. 
  5. Hi Smokeee, If you are trading 1 standard lot, each pip is worth roughly $10 (every pair is different). so if you are trading $1 per pip, you are trading 1 mini lot. that is acceptable on a $1000 account if you are not risking more than 20 pips. hope that helps
  6. New to trading, I thought 1 pip on 1000 is only 10 cents?
  7. Hey Sam, how much is the trading room? I'd like to trade with you guys
  8. Yes, great response zeejayr!
  9. no, because the risk per trade is around the 2% mark -- never losing more than 20 pips, ideally much less. So, trading $1 per pip on a $1,000 account is ok, AS LONG AS you never allowed it to go against you more than 20 pips. The way I do it is : Put a hard stop-loss at 20 pips.... but I will cut my loses long before my stop is hit if I think I shouldn't be in that particular trade.
  10. the idea is to not lose more than 20 pips in a day either.. Once you have stabilized your trading to be within -20 to +20 pips per day (not having -50 pip days) and are getting close to +20 per session 4 out of 5 sessions, then you can start using a live account.
  11. In making those hypothetical 20 pips per day (or 10 pips per day), what is the stop loss amount would you be using?


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