200 pips traders

Discussion in 'Forex' started by drasfs, Jan 28, 2006.

  1. drasfs


    There are a couple of things that puzzle me. For instance, if you average 200 pips a month using 100:1 leverage and have 20 000 dollar in your account, and only use 5% of you account worth on every trade, you would earn 2000 dollar a month.

    There are lots of people out there that achieve 200 pips a month, and even more and with a bigger account too. Are these people just secretive about their profits, or are these traders just rare, as many people who gain 200 pips a month fail to employ proper risk and money management. Or because they don’t have consistent results and fail to survive in the longer run?
  2. gkishot


    Those people are rare & they do not like to brag about their profits.
  3. drasfs


    Well ive got the impression that there are lots of people that get 200 pips or more a month and just smiling secretly.
  5. Never met any ET posters earning less than 200 pips a month! :D