chintu Posted March 16, 2013 Share Posted March 16, 2013 I don't go for any specific target in forex , i will be really happy with what i get because i am still a forex newbie so its not good to expect more in this situations . and if i get some $2 a days also i will be really very happy . And i am just planing to do more and more trading to earn good profits in the cumming day in forex . Quote Link to comment Share on other sites More sharing options...
mesbakh Posted March 19, 2013 Share Posted March 19, 2013 i think i have no dialy target now, the most important think is i minimize my lost in forex and then i can make good profit. profit takes long time to benefit us Quote Link to comment Share on other sites More sharing options...
budado Posted March 19, 2013 Share Posted March 19, 2013 Each order I have has either 30 pips TP or 55 pips TP and its depends on market volatility. If the market is volatile so I will going to trade with big TP but if the market is not that volatile so I just settle down to 30 pips TP. Sometime I don't get TP and sometimes I also got multiple TP. I don't get SL as I don't use SL I trade using averaging and hedging strategy. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 19, 2013 Share Posted March 19, 2013 You mean each trade you have this long term target pips. Somehow, I wonder how much per pips you have set if this is in a cent or few cents. While I think it will be not difficult to handle our trades if we have set already the TP and SL. It's also advisable to have our target low only and not to always expect daily profits because, we can't be always consistent. Quote Link to comment Share on other sites More sharing options...
chintu Posted March 20, 2013 Share Posted March 20, 2013 I never have any daily targets in forex and i will be really happy if i get some $2 to $5 a day and that will be more than sufficient for me to have a better forex future . no one earned huge profits at there starting forex carrier so i am also one amount them . so just trying to get some money so that i can be with forex for ever . Quote Link to comment Share on other sites More sharing options...
Achiever2015 Posted March 21, 2013 Share Posted March 21, 2013 Having a daily target really does put our hearts and mind towards a fixed purpose. Because of the market fluctuations, a definite daily target may not be realizable, but we can make do with a range i.e 10 - 20% of invested capital. Quote Link to comment Share on other sites More sharing options...
pepy Posted March 23, 2013 Share Posted March 23, 2013 having a lot of daily target is good too but we must know when to apply that thing, as for me i don't have much daily target, as long as i can make profits from each trading that i do then i am satisfied with my own trading, but some person seems have their own target for each trading Quote Link to comment Share on other sites More sharing options...
riddick09 Posted March 24, 2013 Share Posted March 24, 2013 Or to check it in our trading strategy. We need to find out the strategy that works well on our trading plans not only that we wanted or that is our goal but to have the appropriate trading. Think that we have small capital and yet, we will use of long term trading and have goal of huge profits. It's really not appropriate and that meant of unsuccessful trades. Quote Link to comment Share on other sites More sharing options...
takiya_ Posted April 3, 2013 Share Posted April 3, 2013 if I myself do not have a target profit sometimes sometimes not trading at all. even once a month no profit and no open position. but if annually may be roughly around 80-100% per year. Feedback forex as an investment again also made ​​a side. Quote Link to comment Share on other sites More sharing options...
pepy Posted April 10, 2013 Share Posted April 10, 2013 Daily target fo every trader is different, and also that is depend on the condition that every trader must face, From what i see there are so many kind of profit but usually try to reach BEP from what they spend at most in 1 year. So far, that is truly make a sense and also reasonable enough for many traders Quote Link to comment Share on other sites More sharing options...
savehouse Posted April 10, 2013 Share Posted April 10, 2013 personally i don't like the idea of daily target because i see it as a kinda burden when trading but with the monthly target,i have being able to break it down to level that i don't even have to trade on ever trading days.but personally according to my trading skills and money management,my daily target is 1.8% of my total account but i only trade with 25% of my total account. Quote Link to comment Share on other sites More sharing options...
pepy Posted April 16, 2013 Share Posted April 16, 2013 i think i have no dialy target now, the most important think is i minimize my lost in forex and then i can make good profit. profit takes long time to benefit us Mostly newbie that i find usually have answer like that, minimize the risk, but actually we also need to set some target profit that we want to reach each time we trade or take an action, it will motivate us to make a better analyzation and wait for the right time to execute our own order. Quote Link to comment Share on other sites More sharing options...
rexway Posted April 18, 2013 Share Posted April 18, 2013 Well that is true holding the amount and the target which the trader want is always the key so any trader who really want success need to learn very hard and make much more here from the stoploss placement method Quote Link to comment Share on other sites More sharing options...
rexway Posted April 18, 2013 Share Posted April 18, 2013 Well that is true holding the amount and the target which the trader want is always the key so any trader who really want success need to learn very hard and make much more here from the stoploss placement method Quote Link to comment Share on other sites More sharing options...
standart Posted April 18, 2013 Share Posted April 18, 2013 I am not set specific target because it cause me burden in trading. I need to become flexible and as far as I am profit, I will take it no matter what percentage can I get in particular period. maybe for some trader, set specific target is important and keep them self become motivated. but for me, target only make me become rush in trading. Quote Link to comment Share on other sites More sharing options...
rexway Posted April 19, 2013 Share Posted April 19, 2013 Well if you said that you dont have a specific target of amount dailly then you are on the wrong side because in as much as I know forex need us to have a good dailly target Quote Link to comment Share on other sites More sharing options...
arhabib Posted April 20, 2013 Share Posted April 20, 2013 My daily profit target is 6%. I need to earn at least $10 daily. Quote Link to comment Share on other sites More sharing options...
rexway Posted April 20, 2013 Share Posted April 20, 2013 Well your post is very short its like you are just a newbie but never mind . If your target is about 10dollars its not that hard to get this amount all you need to do is put more effort. Quote Link to comment Share on other sites More sharing options...
budado Posted April 20, 2013 Share Posted April 20, 2013 I just let my position float. Usually I put 20 to 80 pips target depends on the result of my analysis. If the pair that I'm trading is going side way then I will going to trade and use 20 pips only as TP hoping to get some fill. But if the market is volatile then I will going to increase my TP to 80 pips hoping to take advantage of this volatility. So far so good that I'm earning doing this and I'm hoping that in two to three years time I can earn 1,000 dollars a month by just doing this. Quote Link to comment Share on other sites More sharing options...
indieover Posted April 20, 2013 Share Posted April 20, 2013 oh well i do try to let my fund or trade float also. but i just observed for now what would happen. since i am still learning but i am just using a cent account. up to now it has not reached MC because of the trade is using one cent only . for now i don't earn yet but still losing. Quote Link to comment Share on other sites More sharing options...
savehouse Posted April 28, 2013 Share Posted April 28, 2013 well personally for me,i don't like to set a daily target,because it doesn't make me safe as a trader,i like the idea of having a monthly target and that is what i work toward to as a trader.so i don't think having daily target is safe because if one did hit a stick of bad luck atimes,that mean one can lose all his investment trying to reach target. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted April 29, 2013 Share Posted April 29, 2013 My dailly only 1-2%. We can get more than 100% a month or even a day... In forex trading thats is possible, but of course the risk will be more higher. For me get 20-40% each month is a great achievement, the most important is we can doing that consistent. Quote Link to comment Share on other sites More sharing options...
budado Posted April 29, 2013 Share Posted April 29, 2013 My daily target will always now depends on the market volatility. I know its really hard to make good income in forex so I tried to make sure that I can earn in forex without any problem at all. I'm sure in two to three months time I can find a new approach toward forex trading and who knows I can improve my trade again. I do hope that every month I can increase my earnings more and more to the point that I can say I'm really earning good. Quote Link to comment Share on other sites More sharing options...
luke1 Posted May 4, 2013 Share Posted May 4, 2013 Well, at least making 1% daily RoI in the market will be very good. And of course we have to be so careful. We put the stop loss as well, so when we make the wrong direction in the market, we will not lose the profit we have collected before. If not, we will work for nothing. This is the case we have to deal Quote Link to comment Share on other sites More sharing options...
davils9 Posted May 26, 2013 Share Posted May 26, 2013 i have a dream . i wan to earn more and more by the honesty and hard working. so i want to stay here at a large time. i also want to learn more and more about it so that i can earn more money Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.