Profit target?
Tham gia từ May 19, 2020
438bài viết
Aug 02, 2021 at 11:19
The profit target depends on:
market situation
analysis results (predictions and possible scenarios)
fundamental parameters
risk/reward ratio (if you have a strict one)
market situation
analysis results (predictions and possible scenarios)
fundamental parameters
risk/reward ratio (if you have a strict one)
@Marcellus8610
Tham gia từ Jul 29, 2021
8bài viết
Aug 02, 2021 at 11:38
MarcellusLux posted:
The profit target depends on:
market situation
analysis results (predictions and possible scenarios)
fundamental parameters
risk/reward ratio (if you have a strict one)
That is a lot information to analyse. How do you process all that and come up with an actual price for the TP
Tham gia từ Jul 07, 2021
41bài viết
Aug 02, 2021 at 12:28
Michihito posted:The target will depend on how much you can stand to lose. This obvioulsy varies from one trader to another. Besides the capital, it also reflects on the expereince of the trader too.
Actually everyone's expectation is different. Understanding, knowledge and strategy are also different. Yes 10 to 20 pips per day can be good enough if you can consistently make it. And when your target is 10 pips daily you may be need to increase your lot size. Hence risk comes. You have to be skilled and disciplined.
Tham gia từ Mar 28, 2021
617bài viết
Aug 02, 2021 at 13:26
Profit depends on trading strategy and plans. It also depends on your skills. I can't target 200 pips if my skills do not permit it.
Tham gia từ May 04, 2019
23bài viết
Aug 04, 2021 at 16:22
Profit target depends on many different factors like trading strategy you use, your risk portfolio, the amount of time you devote to trading, risk/reward ratio and so on. So, it is next to impossible to give the absolute answer to this question as it mainly depends on a person and the way he/she trades.
Tham gia từ Mar 16, 2021
477bài viết
Aug 04, 2021 at 18:28
There needs to be a target to meet the goal. Similarly, after doing a trading analysis, it is necessary to have a profit target. This makes it easier to make a plan.
Tham gia từ Jul 19, 2020
751bài viết
Aug 05, 2021 at 07:34
@LukeRachel Yes profit target is needed. But many traders have unrealistic profit target. Profit target should match our skills and experience.
Tham gia từ May 19, 2020
438bài viết
Sep 14, 2021 at 11:05
islandrock posted:
That is a lot information to analyse. How do you process all that and come up with an actual price for the TP
I rarely trade short-term, and rarely enter trades during news moves. Therefore, I have time to do the necessary analysis. I have a trading system that works clearly and most of the analysis I perform long before the trade opening, during the preparation and determination of probable entry points.
@Marcellus8610
Tham gia từ Nov 04, 2020
13bài viết
Sep 15, 2021 at 20:13
Profit target is a sheer subjective thing and it depends on many different factors like trading strategy, trader's activity and their approach to the markets and trading, it also depends on the lot size and trading budget. Like people with huge budget can afford making 10 pips per day and feel fine with that, while others, whose deposit sizes are small, need to make more deals and thus risk more in order to make more pips.
Tham gia từ Apr 03, 2021
470bài viết
Sep 15, 2021 at 23:43
Usually, you will felt regret if set too large a target, in analysis maybe will face where your confidence leading to set larger target due to support and resistance zone level still far, but actually, the market is dynamic and a small target will easier to reach than the large target, so trader also need to learn how to set best target profit
Tham gia từ Jun 09, 2021
44bài viết
Sep 18, 2021 at 08:27
@BookZerp people with smaller deposits can always go for leverage and make a good money out of it.I have come across many traders who had limited money but through leverage they were able to increase their portfolio’s value . Yes there is doubt that using high leverage in forex is very risky but the rewards are also huge.
Tham gia từ Aug 05, 2021
401bài viết
Sep 20, 2021 at 14:31
I don’t exactly give myself goals to make x amount of money. I try to focus more on self-improvement and it seems like that helps to improve my profits over time. Also don’t rely on trading as a main source of income, so everything I make is looked at as extra money.
Tham gia từ Jun 06, 2020
18bài viết
Sep 27, 2021 at 20:27
Profit targets are quite subjective and depend on your trading strategy. I mean that scalpers can use very low profit targets like several pips, but I don't see fit in trading with so little profits. Swing traders' targets are bigger and I think that profit objectives should be connected to support and resistance levels.
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