Forex Strategy : Management: Pips/Money/Methods

There are many obstacles in the forex

 

a) There is only 1 way to success, is to be a professional trader.

 

b) Forex requires your time to study rather than trading.

 

c) Forex requires more pips rather than more money per trade.

 

d) Forex requires consistent making money before becoming an

expert in making a lot of money.

 

e) There are 3 types of Professional trader, there are

    1 skill 1 tool, 1 skill many tools, many skills many tools.

 

 

 

Pips management is pips expectation for a timeframe, the lower the timeframe, the pips expectation is lower but a lot of trades need to be done in order to generate a plentiful pips.

For scalpers, they prefer hitting lower pips, but with more $ into each trade. For example, $1 for 1 pip, instead of $0.01 for 1 pip. Failure to identify your playing style, your pressure, your available time to play will ruin your whole trading plan not instantly noticable, but 3 months later, or 1 year later that you become realize that you are actually mixing it all up.

 

 

  PIPS MANAGEMENT - LEVEL OF INCREASE YOUR PIPS
Time Frame M5 M30 Remodified H4
1 Currency Pair 1 Many Many
2 How Many Trade Daily Many  Many Few to Many
3 Daily Calculated Pips 50 100 200
4 Bet Per Pips $ Big Very Small Very Small
    0.10 0.01 0.01
5 Focus Very Pressure Nope Nope
6 Strategy Order Instant Instant & Pending Pending
7 Time Used 4 hours Minutes Minutes
8 Opportunity Many  Many Many
9 Study Instant Chart Chart

 

  MONEY MANAGEMENT - LEVEL OF INCREASING MONEY
  M5 M30 H4
1 Daily Capital / 10000 pips. Increase and reduce daily Hard Medium Easy
2 Increase Daily Winning Rate per week Hard Medium Easy
3 Daily Pips Increase Hard Medium Easy
4 Shorten Period Hard Medium Easy
5 Capital / 9000 (reduce) Hard Medium Easy
6 Active Currency Pair Hard Medium Easy
  Eur/Usd Gbp/Usd Eur/Jpy
7 Multiple Currency Pair Hard Medium Easy

 

Method management will be ready soon. stay tuned.