forex @ 10 pips per day?
I started to trade today at fxcm and noticed that my money gained a 2% profit after gaining 10 pips. Is 10 pips a 2% profit or is it just based on how much money you have in your balance? I don’t understand this, all I know is my goal of 10 pips per day. If I can make 2% of my money every 5 days per week, that is more or less 40% per month, am I correct?
If I am correct, then my 100 bucks can become 268 million in just 4 years… is this possible? I made an excel file that add 2% profit per day and the result is 268 million in 4 years. mmm…
I mean 2% per day (5 days per week)
Please don’t suggest to trade using a practice account because I already did. I’ve used
demo account and I’m still confused… I’ve had about 300 bucks of profit everyday
in my 50000 demo account…
I think it’s 1k per lot… that’s something I don’t understand… I have money but I’m new to forex so I just thought 100 bucks is fair enough to start investing in forex, I mean I’m not going to cry for that if I loose all of it.
So, I have 100 bucks, clicked the buy button, lot is 1k, then later on I’ve got more or less 2% profit after gaining 10 pips. Then I stopped, tommorow again… I am not greedy, I am just doing this because I want to learn how to manage and grow my money, and if I become a more knowledgeable person in terms of forex, I might be willing to invest big amount of money.
One more reason why I want to learn forex is because I ain’t got no JOB…
is it hard to understand that I just want to earn a little bit of extra money? of course I want to just work an
by the way, i know how to handle my stop loss and limit myself to 10 pips per day.
all im asking is what is a pip… in my case, 10 pip = more or less 2% of 100 bucks? is this correct?