How many pips per month do you need to really build a bankroll

[Morpheus]

would about 20 pips per week or 80 pips per month be enough to build a roll? Low drawdown trading is what we are after, right?

[techno791]

Sometimes I sit here and think...what if I had 5 lots to trade. 5 lots at 5 pips is $250.
Doing that with one mini lot is 250 pips instead of 5 pips.

I like the concept of a standard pip, but i fantasize about using higher leverage for more sure fire trades.

[Jonathan]

I'm going for 40 pips a week with a 95% success rate so I can use 50:1 leverage. So far it's working on a demo account. I'll need to continue to test it for a while though.

That being said, there are a lot of ways to make cash in Forex. It's really related to your personality and what you feel comfortable with and like doing.

[tomhunter]

Originally Posted by techno791

Sometimes I sit here and think...what if I had 5 lots to trade. 5 lots at 5 pips is $250.
Doing that with one mini lot is 250 pips instead of 5 pips.

I like the concept of a standard pip, but i fantasize about using higher leverage for more sure fire trades.

Do you find being profitable in forex harder than in stocks?

Thanks

[Sheldon]

Originally Posted by tomhunter

Do you find being profitable in forex harder than in stocks?

Thanks

For me, yes. There is a lot more volatility in Forex then the stock markets, and I get whipsawed...Still got lots to learn.

[Morpheus]

if you know what you are doing, Forex is like an ATM machine. You can get rich quick in it. I'm still learning, too but I've heard of people making a million dollars off of it in one year.

[Jonathan]

Originally Posted by Morpheus

if you know what you are doing, Forex is like an ATM machine. You can get rich quick in it. I'm still learning, too but I've heard of people making a million dollars off of it in one year.

Knowing what you're doing is an understatement... but yes, every Forex trader is given the necessary market movement and enough leverage to make a story like that possible. It just takes more than most realize.

[Sheldon]

Originally Posted by Morpheus

if you know what you are doing, Forex is like an ATM machine. You can get rich quick in it. I'm still learning, too but I've heard of people making a million dollars off of it in one year.

I don't think the words 'get rich quick' and 'Forex' should be used in the same sentence. Its just as easy to turn around give back all your gains.

[wolf825]

Originally Posted by tomhunter

Do you find being profitable in forex harder than in stocks?

Thanks

Not really...just the opposite is how I see it...unless you are a daytrader and then I would say its comperable but not when it comes to leverage and trade sizes you can do in Forex.. Forex and get rich quick are a pipe dream--Forex takes a lot more practice and study and discipline--because its so volitle and dangerous you MUST be a Trader and you MUST be disciplined and make good solid decisions & plans--once you master your trading---then yes you can do VERY well in Forex. The time you have to spend learning Forex trading is in my view an education worth while for what you can potentially do afterwards.

I enjoy Forex immensely more than I ever liked stocks, because I feel I am more actively participating and in control of my trading and my gains and losses..I feel I am in more control of my trading and commitments...and the results I can get in a Forex trade are more definitive and foreseeable and substantial at least to me. Its building that consistancy and trading methods til they are like breathing is what Forex trading is all about.. Once you get that down and can handle and manage and make your trades safely and smartly no matter the Lots or leverage--the $$$$ follows... It really is mastering the art of trading in the big picture...then days like yesterday won't even make you raise an eyebrow and you can make $$ while others are freaking out...

-w

[StockJock-e]

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