Reducing the risk by 50% would mean that I need twice as many deals a week to reach the same profit level (ceteris paribus) => 7 deals a week.
What is reasonable SL and TP levels (per time frame)?
(let's stick to EURUSD in this exercise)
And I would love to get some feedback from the people...
I would not open 5 trades on the same pair at the same time as that would obviously equal to 5 standard lots and thus increasing risk. Would need to work with 3-4 pairs and timing to spread the risk.
But, your point about practice rather than theory is taken. I will test this but need to study...
I have taken my calculations on this a bit further, bear with me...
With a conservative risk profile I am willing to risk up to 2% of my account per trade (+/- to get to lot sizes). Starting with a €10 000 account I am willing to risk €200.
Let's say I set me Stop Loss (SL) to 30 pips and my...
Ok. So 150 pips a week is unrealistic.
The signals have many followers, what do you (followers) say?
Can you trade on the signals to get towards the 150 pip per week average?
(according to FPA they've held this for 2 years now)
And Stony and anybody else saying it's unrealistic - how many pips...
Help me to straight this out please..
FPA signals average 150 pips per week according to this site's ad for Elite membership (for which I have signed up btw).
If trading standard lots on the EUR/USD the pip value is 6.73 EUR / 10 USD.
150 pips per week is 600 pips per month and with above pip...
Hi all,
I got interested in exploring the world of Forex trading about 3 weeks ago. I have a background of fairly successful stock trading based on fundamental analysis but forex and technical analysis is completely new to me.
I have spent 3 weeks now reading, learning technical indicators...
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