20 pips a day is really not a big deal. forex is a profit rocket sometimes. but it can also be a skydiver jump out of a nice private jet. but if u are not greedy and disciplined, 20% per month or more are realistic.

@UKKarsten
Yes it is difficult to get less than 20 PIPS per day if you are actually trading and winning and trade for more than 5 minutes. Beliefs control every aspect of our lives not just in the church. Most successful people work on reprogramming their beliefs constantly using NLP, hypnosis, etc. Its ok if you don’t “believe” that. Your results will depend on what you believe either way.

@alisis223
Sure that will work. Open and account with $3000 and trade for only 3 months. Another option would be to learn to trade. Then trade keep trading because you will earn profit continuously. But it is understandable why some people would want to stop after 3 months and not make any more money.

@malthus101
yes you would think so. But some brokers operate by keeping trades “in house” so that they make the majority of their income when traders lose rather than from the spreads or any interest they may earn by having the capital in their account.

@currencytradingg
please explain that to the many of us who are making money. Many people misunderstand what is meant by “trading against” you. It is not possible for a broker to prevent you from entering and closing winning trade. Some brokers operate by assuming the opposite postion as a hedge but they cannot prevent you from winning.

@oldguitardude
yes, that is what I try to explain to many people who ask how much capital is needed. I’m glad that you see that you can start with any amount but the time to build it will be different.

I have to agree. I have been with a practice account for about 1 month and I have made more than 60% return. At that rate, you can make more than a million in less than 2 years. A start-up capital of USD250 compared to USD1,000 will have a delay of about 5 months to achieve the same result.

If the broker has a deal desk and you open a mini account, you will not make money, I repeat you will not make money. They will trade against you, they even state it in the paper work you sign when you open account. Only a few that do not take the other side of your trade.

Surely it’s in the Broker’s interest that your account becomes larger? After all, it’s sat in their account earning them interest, no?

i want to do this wit $3000 and just for 3months?? is it possible and wat do u have to say bout it?? Someone help

Very well said…. I agree 100%

You can get more than 20 pips a day. I get more, eventhough I do forex part time only… Unfortunately. I would love to do it full time.
And – the word “believe” belongs into the church. I am desperately exercising to get more feeling for reading my indicators properly.

Where can I get a copy of that compounding Calc that you have?

Cool. What broker do you use? Might be time for a change. Seems like the best brokers are the “lessor of evils” . In our community I have heard mostly no complaints from traders using FXCM, ODL, AC Markets, Alpari UK, and Interactive Brokers. I’m interested to learn of any other good ones.

I do believe you can win, and I should know , however brokers with dealing desks, are notoriously known, of messing with your accouint, like slippage, chasing losses, and requotes. My particular broker, must be the champion of “requotes”, specially if you are in big wins. So summarizing I do know you can win and I can vow for that, but I also know lots of 300+ pips perday winners and they would confirm what I just wrote.

A lot of people make more than 300 PIPS per day and have not had anyone “mess with their account”. But if you believe that it is not really possible to win in Forex it is best to stop watching these Forex videos and do something that you do believ in.

Sorry to everyone, but this is true. I bought the JPY 2 Lots on 1/9/2009 @ 90.852 and now it’s at 90.842 so thats about 31%. I won’t get out until I make 50% on my account or $5,000. Did I mention that this was done in a span of 2 days?

just contact some brokers and make sure they have super mini lots or maybe called micro mini. As long as the lot size is small enough you can manage a small account with proper risk management.

This is very possible with a large investment & some trading experience. Congrats on your earnings!

The problem would be that your broker would mess with your account, if he sees that you consistently wiining 20 pips per day.

Is it true that you need trade at least 2500€?
I want to start small with around 500€ first, anyone an idea how i can do that?

“…stop watching these Forex trading videos and go do something that you do believe in.”

This video is really great.

These videos are the BEST! No one on this site has better. Thanks for sharing!

brokers or to lose their money on scams. But i feel happy you put some millions at the result because is where I want to be.Good job again.

This is cool that I have already gotten comments from people saying that this is impossible while some people in our community are doing it consistently and have shared their account statements.