Discussion in 'Forex' started by Bickz, Nov 15, 2007.
Forex Day Traders: How many pips do you glean on average per trading day?
Your numbers seem a bit high... averaging 50 ticks/day, least of all 200, with losing days, seems absurd... but what do I know.
Pips don't tell the story, $'s do.
Someone may boast of making 50+ pips a day but is only trading 1 mini (or smaller).
Well, he did say "glean," heh.
glean -verb (used with object)
1. to gather slowly and laboriously, bit by bit.
Of course, the poll categories are absurd. Asking how many forex day traders glean 50 / 100 / 200+ pips a day, on average, is roughly the same as asking how many ES day traders glean 7.5 / 15 / 30+ points a day per contract.
It's neither pips nor $.
% return is what really matters.
It isn't: you need both % return and abolute $ return ! one without the other means nothing ...
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