Pips Count

When i just entered forex world, i think that the more pips i got in a day, the more i earn. It took me more than 6months to realise the hard truth, but actually no.

In the beginning, my targeting pips/day is very high, i'll try to hit as many pips as possible in a day. However, it always turn out the other way. So i started to trim down the targeting pips, and re-do the math... After a year, i trimmed down my target to 25pips/day, just to make it easy to hit. But i know, all i need is 10pips/day. With proper money management and a little bit knownledge of Risk Reward Ratio, 10pips/day can make you reasonable money. Every human being wants to rich, but be reasonable.

Of course, targeting tiny pips will always have problem with Stop Loss, which is very important in forex trading. It is really up to the traders how to set the Target Profit (TP) and Stop Loss (SL), everyone has their own way. We welcome you to share your thought here, how you manage your money, how u set TP and SL, or anything else, just leave a comment.