yes, but in terms of money, there is quite a big difference between 30 pips and 30 cents, due to the crazy margin most forex traders are on.Quote from VinMan:
Would you people sort of equate pips to cents per share?
I look for 30-50 pips. If the pair doesnt have 30 pip in the trade that I see I cant enter.
I do the same with stocks. I need 30-50c as a target or the R/R is not there.
Quote from MasterGambler:
What is everyone's goals in minimum number of pips per day green in the EUR/USD before you can call it a day? I set my goal at approx 1/3rd average daily range which is 40 pips lately.