Forex Trading - The Science of production 20 Pips Per Day Consistently ~ Forex trading pip

Friday, June 10, 2011

Forex Trading - The Science of production 20 Pips Per Day Consistently

5:41 AM

Forex Bond

There is a certainly way to make 20 pips per day in forex trading. Yes, there is a exact way, and there is a very wrong way. Wouldn't you know it? almost every forex trader tries to do it the wrong way.

The wrong way is to try to make 20 pips per day. Yes, that is the wrong way. Now, I know that's exactly what you want to do, but trying to do it that way is all wrong.

Forex Trading Pip

You've put a ceiling or cap on yourself. You need to open your mind. You need to step surface of the box, so to speak. It's only when you target more than 20 pips per day that you can well achieve that target.

Why is that? It is for the straightforward fancy that forex trading isn't an exact science. You cannot win every trade. The unexpected will happen.

Given that fact, you need to give yourself leeway. You've got to have room.

This is the science of development 20 pips per day. You must target a weekly amount and it must be more than what you well want. So, if you want 20 pips per day, you should well target 150 pips per week.

At the conclusion of the week, you'll find yourself very close to 20 pips per day (perhaps slightly over or under target). If, however, you try just to make 20 pips per day, I know from taste that it won't work.

Last point, to make more pips per week, the simplest way is to add someone else currency pair to your trading repertoire.

Forex Trading - The Science of production 20 Pips Per Day Consistently