Do you earn 300 pips in 1 month?

[lamode]

Originally Posted by KPcurrency

Please explain. I can't see how one can have positive pips month after month and be in the red. I can see how a trader can have a winning percentage and still be in the red: 7 winners for 20 pips each. 3 losers for 60 pips each. But how do you mean positive pips and negative balance?

difference trading size, probably the positions size for loser trades is bigger than the winner one.

[Coder]

Pips can be misleading without taking into consideration position sizing.

For example, last month I made over 5000pips (live account). The downside is that my position sizing only allows me to trade 10cents/pip for each $1500 equity.

The more money in my account, the larger the pip size I can trade without blowing up my account.

Coder

[fxfree]

The orignial question to this thread was....................................

........."I'm forex novice and I would like to ask you, if there is somebody, who is making on average for example 300 pips in 1 month for at least 1 year?"

I am new to forex and this board and after reading the replies from over 15 months I have to say that except for a couple replies here I have never seen such dancing around the truth in my life.

Everyone has an opinion but hardly no one will just step up to the plate and simply answer the question.


I am sorry if I have offended some of you but after looking at 12 pages of this I am a little frustrated.

[initialsBB]

Maybe it's somewhat funny that beginner's brass question is "how much pips you make per month?". They have still to learn that there is much, much more then the number of pips. What i'd look for is profit factor and equity curve. I've seen neural nets that make 800-1000 pips per month, but their worst DD was 800 pips. I would defintely prefer system that makes 150 pips per month with 50 pips worst DD.

[bobnat]

The bottom line in trading is simply how much money do you make. Everything else is superfluous.

Nat

[June]

Originally Posted by rattamahatta

Also I would like to know, if somebody makes money only by trading on FOREX and has no another job.

Here's another question Rattamahatta asked that somehow didn't get answered in the first 12 pages of this thread. And that would be the question about wether or not anyone here makes a living trading FOREX.

I think the lawyer named "Comenow" mentioned that he quit practicing law and is now a full time trader.

Except for the ex-lawyer, one gets the impression that most of the posters in this thread are not able to make a living at it, because, well, no one else claimed to do it full time. Ya think?

[equityraiser]

300 pips is a little bit too much. Really hard to obtain.

100 pips seems to be achievable.

Watch out EURUSD crazy train system on :http://www..com

That's stable performance.

Good luck.

[Jack_Jones]

I have a carry trade basket that effectively earns 12 pips in interest a day so 336 a month. However draw down is another issue but it's a long term thing so i'm not so worried.