What is going on guys in this video I'm going to answer a common question that I get very
very very frequent
Question is how many pips?
Should I expect to make per week per month?
How can I become a full-time Forex trader how many pips should I be aiming for first of all a lot of people are wondering?
how many people need to make to be a consistent profitable trader and the thing is if you're setting yourself up for a
Constant number like you have to make 250 pips per month for example
You're setting yourself up for failure you do not want to do that because the markets are inconsistent
So therefore for example if you're only aiming for 50 pips and the market are
Handing out more than 50 pips. You're going to cut your gains short
But if the markets aren't moving the market trend going your way
They're not going following your ideal trading strategy that you created as we're teaching the course
Then you're going to be over trading trying to make those 250 pips per month for example
When in reality the markets just not moving it's not there
December a lot of times the market in December during the holidays it doesn't move as much
So you have traders that are aiming. I have to make 200 pips per month because that's my goal
It's like you're trying to put a constraint they set limit on something
That's extremely inconsistent and Barry's all the time
The the volatility in the market is various depending on what's going on with global events just the news
the economy this and that
sometimes the market just randomly jumps on like a Sunday night and
The same amount of pips no one has no idea
why in the media says the banker fat-finger the trade and cost is the net a
Lot of times people don't know what causes these moves so you're setting yourself up for failure if you have a consistent
Goal that you need a reach
that really depends on what the market is doing and
your trading plan overall
So what should you really do is worry about being?
Profitable whether you make five pips a week
Or you make 50 pips a week you can't that's like you're trying to tell
Okay, let me give us a little example. That's like a little third grader telling the
elementary school principal on what to do
You're the little third grader
You can't tell the market which happens to be the principal in this case
how many pips would give you this does not the way it works you have to follow the market and
obviously try to make pips
But whether you make a little bit or a lot that all depends on what the market is doing at that time your training?
you can't
And I repeat you cannot control the market in any way not as a retail trader. There's it's impossible
That's a beauty of the forex market. You don't have some rich guy down in like, Hawaii
Controlling the market where liquidity is slow
It's just impossible because the retail trader doesn't have enough capital do that the markets of five trillion dollar markets
Ridiculously huge you it doesn't matter how much money has a regional trader you have
You still can't move the market
So with that being said how many pictures you aim for obviously you want to be profitable get an idea
again, this is going to depend on your trading plan some people might have a
My head long-term goals. They might want to aim for 500 hips for every like two. Let's say every quarter every two to three
three to four months
Some people might be happy with let's say it all depends it all depends on your trading plan, okay?
So summarize how many picture you've been making for result
if you want to make
time
You don't have a number
Point of this is to be profitable to make as many pips in the long term and to continue doing this as a full-time business
So with that being said do not have set limits because you're setting yourself up for failure, so that's that's definitely a bad thing
In regards to me personally I tried to as long as I'm profitable. That's all that matters. I could care less about any anything else
If I make two pips in one day, but I make 200 pips in one day
I don't care as long as I'm not losing money
That's my main goal at the end of the at the end of the day do not do not sit constant goals for yourself
That might be good another in other aspects of life where you can control certain situations like going to the gym
Gaining weight this and that but we're talking about the beast like the market
That's way out of your league. You can't control that so do not set goals for something you can't control
Because you're setting yourself up or doom
Do not do that. Let's see, this is the weird thing about Forex. You can because it sounds dumb like why wouldn't I set goals?
Everyone tells these cycles and media tells you to set goals the gurus tell you to set goals
But in the forest mark anything in general. You can't control you shouldn't set goals
because
How do you reach no matter how hard you try
You don't know if you're gonna get a while swinging, so you're gonna turn off the market feeling to be
It's just you can't control it so therefore you shouldn't try to set goals which
Directly is trying to control you if you set goals so to summarize all
You have to do it worry about the end of the day is one don't lose money. That's one number one
Rule number two is see rule number one. That's we have to worry about so whether you break even during the day
I call that a successful date because one you didn't lose money and two I
Could have been a lot worse sure you didn't gain anything, but at the same time
You didn't lose anything and actually you did gain something, which is the most important thing which happens to be experienced knowledge education
Like I said in other videos
That's the most important thing you're learning you took another day you succeeded in their day in the market. That's all that matters being consistent
Keeping added and then a long term. It will eventually pay off
Remember like I said you want to
Not every training to be a winner you're gonna win seven traits lose one trait as long as your lot sizes in there consistent
Matter it's like I'm making
seven bets of 100 bucks
I went seven and lose one, so I'm you guys. Don't get one saying so but that being said guys
I hope this answered any of the common questions. I've been getting a lot
If you guys have any other questions send them to me
Through a message or whatever I am always in the computer trading so if you guys
Have anything I would I'll respond to that question immediately. I'm always on a computer
But with that said make sure to subscribe stay tuned for the next videos. I'll talk to you guys later
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