Forex Trading: How Many Pips You Need To Be Rich?

Winning Pips

If you know about forex, you would probably know what all the traders are focusing on is winning pips. The pips are points that calculate our profits. It comes in different lot sizes or contracts.

In forex, forex traders use make use of leverage in order to trade and make big bucks.

How you ask?

The answer is to win as many pips as possible.

In order to do that, you must know how to trade forex of course.

And this is not easy because there is a lot to learn.

But put that aside.

I am here too share how powerful Forex can be if you can trade consistently with more wins than loss.

How many Pips You Need To Win? 

So how many pips do you need to make big bucks.

This will depend on the lot sizes on your trades.

Say that you can easily make 20 pips a day from the EURUSD.
Your lot size is 1.0 which is $10 per pip.
20 pips would bring you $200.

Easy right?

If you trade 3 currency pairs, you would have been able to make $200 x 3= $600 in a day.

If you take an average trades of 3 trades a week, you  would have made 3 trades per currency pair and a total of 9 trades in a week.

So, your potential profits for that week could be
$200 x 3 x 3 =  $1800

That is  $7200 a month.

 I know that is not much but remember that your lot size is only 1.0.
If you double that the following month to 2.0 per lot.

Your profits will double to $14400 a month.

That is a nice pay rise isn't it?

But we all know that it is hardly impossible to be correct 100% and there will bound to be some trades that we lose.

That is where your trading system or method comes in.

You don't need a trading method that can win you 100 pips every trade.

Instead, you need a trading method that can let you win 8 out of 10 trades that you make in order to make it in Forex.

Only with that type of accuracy, you will dare to enter trades with big lot sizes.

When you eventually reach 10 lot per trade, you will be making $18000 in a week based on the calculations above.

That is $72000 a month.

And this is only a 20 pip win in all of your trades.

See the power? I certainly did.


Yours sincerely,




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