Quote:
Originally Posted by aris
Trading for a living......very intersting topic...
I think in addition to having good strategy, good indicator etc traders need to have a realistic target on a daily or weekly target.
Just want to share my idea and expecting some comment, critic etc..
I have tabulated a table... look at how 10 pip a day (50 pip a day) and trade 30% max at one time can produce good results in long run if we can follow it with discipline. The end weekend balance is the real target. Attach is the table.
Do you think the target of 10 pip a day (50 pip perweek) is too optimistic or reasonable?
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I have written about that in the past. 1 pip per day is great! Forex is very powerful because of leverage. If you can make 1 pip per day guarnateed, then you will acheive trading for a living.
