Being a successful trader has a lot of factors that go into your day to day routine. A lot of traders have certain pip goals they make for themselves or that their strategy offers. But you honestly cannot predict the market. You cannot make the market more volatile and request more movement. I caution you to not give yourself too high of expectations because if by the end of the day you find that you haven’t met that goal, you will sabotage yourself by over-trading and making poor impulsive decisions.
The amount of pips a trader can make really depends on the market conditions. If you focus on the pips rather then the dollar amount that is better for you because you will get overwhelmed when you think of the dollar amount you are making. I am all about setting goals for yourself and your journey so you have something to work towards. If you set reasonable goals that you feel are definitely achievable, then you are not setting yourself up for failure. You want to stay away from putting yourself in tough situations.
Learning about the Forex industry from The Apiary Fund, I can say I am still growing and expanding my personal trading experience with their guidance. I am lucky to say that the head trader at The Apiary Fund is Shawn Lucas, and the reason I say I’m lucky is that Shawn Lucas knows so much about the Forex industry, and I can’t complain about how he spreads his knowledge and experience to eager beginner traders like myself. He has such a way when it comes to explaining the market, that it sticks and if you take his advice and experience and put it to good use, you will be profitable. I know he has touched on having a personal goal for daily pips but also shares that you don’t want to overwhelm yourself and set yourself up for disaster. Which is really exactly what I have been saying, and know that if you take this to heart you will have a better outcome in your profits. I can point out that having a solid strategy and sticking to it is your best chance at succeeding in the markets. When you have a solid strategy and you follow through with what your strategy teaches you, you will be successful. Trading is hard, but when you follow the guidelines, you will be profitable.