my target in playing Forex for a day is just 15 dollars, the important thing is smooth and growing, instead of getting worse, thank you
just a realistic target for 20-30 pips 1 day is also good. as long as the consistency is definitely accumulated 1 month
indeed, the most important part is consistency, and not mc hahaa
The target should not be determined based on pip acquisition per day, because market conditions are inconsistent; but based on the probability of profit from the overall trading which is commonly called the expectation of profit or expectancy. The profit expectation is calculated from the amount of the average profit in the times of trade and loss on average in the number of trade times. It is also important to note: usually, targets are determined after a long trading period (for example 6 months or a year), not a very short trading period such as a day or 2 days.
The target must be specific and measurable, if the daily target in my opinion is only as a controller, the target must still be in the right period for example 1 month.
yes I agree with you, but here we are talking about daily targets. If for a monthly target I think it's too little if we only chase 50 pips per month, if for a monthly target I think it should be more than 200 pips.
it will be a very difficult target. is the target daily? and how do you get the tag, if you may know what indicators and strategies are used? thanks
The target should not be determined based on pip acquisition per day, because market conditions are inconsistent; but based on the probability of profit from the overall trading which is commonly called the expectation of profit or expectancy. The profit
my target is only 30 pips per day because I trade with the scalping method
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