what is the number of pips in order for your account to double?
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what is the number of pips in order for your account to double?
Its not pips matter, matter is your per pips value and some good money management.Quote:
Originally Posted by deep thought
If you want to double your investment make sure trade wisely according of your account type and leverage. Many people think about doubling their investment,but they don't care about loss and in the end they faced it weather they have double or not.
Few things you need for double your money,
---Bigger funds for trading.
---Patience for earning.
---Good trading system.
and slow earning.
it depends on you lot size and the leverage you use. if you use high leverage and big lots the number of pips to double you account will go down and you will require more pips if you use low leverawge and small lot sizeQuote:
Originally Posted by deep thought
hello that depend on lotsize you are trading and also with leverage for ex:if you have $100 and if you open 5lotsize(instaforexlots) then it take 20pips to double your money but it will also have same disadvantage of blowing your account with 20pips if price goes against you
you can double your money in only 10 pip and that may happen in 1 munite but you have to knwo that you may lose capital in 7 pip and you have to maximize the profit and the loss and the risk.Quote:
Originally Posted by deep thought
i need only 40 pips to make my investment double using the leverage of 1:100 . But i short i just take 5 to 8 pips in one trade and take the profit immediately without waiting for more . for doing this i almost everyday make my investment double.
nahi yar mere khiyal main to pips ka koi involve nahi ha es main ye to app ki lot size par he depend karta ha k app ne pip ko kiyni value di ha esi liye main to app yahi kahoun ga k ager app apne account balnce ko double karna chatey ho to phr app ko chiye k app lot size ziyada use karin es taran app ka profit ziyada hogaQuote:
Originally Posted by deep thought
yes, I agree with you. little pips can change your account becomes larger. the important thing is consistency in gaining profit. if it can consistently earn a profit, I sure do not need the time to double your account.Quote:
Originally Posted by kitt
Is depending on the lot size used in the trading. If use big lot size the you will require little number of pips to double account, but if you small lot size, then will require large number of pips to double account.Quote:
Originally Posted by deep thought
that depends on your lotQuote:
Originally Posted by deep thought
if you deposited 100 $, and use 1 lot, it require 100 pips (plus spread)
but beware, - 100 pips (plus spread) will reduce your capital to nothing
use 2 lots and gain 50 pips (plus spread) also will double the money
and - 50 pips (plus spread) is enough to burn it down
wise trader will manage the risk, and trade by that risk
if the target is the same as risk, and the risk is 1% per trade, so it takes 100 profit trades to double his money