This answer is very form person to person.My personal views it is dependent on market position and my need.
Yes, there is no fixed answer! But how it depends on your need when you can’t control the market? Explain please…………
Please take a look around, and feel free to .
This answer is very form person to person.My personal views it is dependent on market position and my need.
My trading style is somewhat extraordinary. Everything relies upon trade set up. I mean on market. I just open trade on the off chance that it satisfy every one of the criteria I take after.
It depends on the liquidity of the market and your predictions. A successful trader do not plan on daily basis as it is a place for long-term goals and achievements. Intraday trading is much risky and adooted by the people who are not well aware of the market facts or the people who take Forex as a part time job.
Yes Trading techniques and strategy is very important for success. But along with this our mind plays a big role in the trading. At the end it's our trading psychology that define our trading career.It depends on your trading style and strategy.
Yes, you are absolutely right buddy. And this happens because of lack of knowledge, discipline, risk management and emotional management.Earning is unlimited in the market. But many fail to earn decent money.
A realistic daily target in forex depends on your strategy, risk management, and market conditions. Aiming for 30-50 pips is achievable, especially with disciplined risk control and consistent execution. On average, targeting 1-2% return per day is feasible, but consistency matters more than high targets in the long run.While trading one has to have some clear vision. That vision must be about how much should one earn every day. Its true that every day is not going to be a profitable day always. There will be lean days. That is a part of forex trading and one must accept it.
I personally looking for a target of about 30-50 pips as I find it more realistic and achievable target per day. this will be the average earnings. I trade between 6-20 trades, depending on opportunities available during the day. I take between 10-15 pips on normal trades and 4-6 pips on scalping. Very rarely I carry a position overnight.
How much do you think to is achievable daily from trading in forex. Lets have a realistic talk.