Recent content by Wings

Well my first post may have sounded pretty socially inept, but I don't trade using a system thats been developed by someone else. It's just the way I've conditioned myself to think after reading countless wealth building books, plus I just love the concept of compound interest. The logic in your...

I usually have a stop of 10 pips when im scalping and 20 when im taking on larger trades. I've been most successful using bollinger bands, and I pretty much just look for a trend reversal, if I can get anything around 5 pips profit in a trade then I take that trade, although looking back I have...

So you're saying that it is impossible to consistently get 2 - 3 pips per day. Resulting in 10% profit per month? Ok, I admit I may have put things bluntly, but I'm confident that, that's entirely possible, even for someone who's just beginning to learn to trade forex. 25 pips on the other hand...

Ok, well my goal is to make 20 million in 16 months, and im already 4 months in. Starting at 10k, and then doubling as soon as possible, hopefully every month. Using the ratio of 1 lot traded per 5k in my account, all i need per month is 500 pips, or 25 pips per day. Seeing as some of the...