Let me share some of my experiences and try to place that in context relative to other types of t. But putting in 20 30 forex trades per week using only higher timeframe charts almost sounds impossible.
how many forex trades per day
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Many people like trading foreign currencies on the foreign exchange forex market because it requires the least amount of capital to start day tradingforex trades 24 hours a day during the week and offers a lot of profit potential due to the leverage provided by forex brokers.
How many forex trades per day. If you are making a profit then who cares how many trades you put in a week. How many trades you might typically expect to trade per month in summary an intraday trader can expect to trade between 20 60 trades a month and a swing trader somewhere between 4 and 15 trades. How many pips should be targeted per day.
Trading with pips talking points. I called it pyramide scheme. Smaller timeframes would offer you more setups per day than larger ones.
I trade only the 4 hour charts and im lucky if i can get 2 or 3 trades to trigger. And if i look and look but i dont find any trades that meet my criteria zero is perfectly fine too most of y. It depends on many factors so there is no define answer.
For me one is fine two is plenty and three is stretching it. I open first position at 14385 1 lot with sl 14410 second with 1 lot at 14388 third at 14392 with 2 lots fourth at 14395 with 4 lots fifth at 14400 with 7 lots and still sl 14410. But guessing from the tone of your question that probably is not the case.
First of all it depends on the nubmer of entry signals generated by your strategy. Another point is timefrime. Is there a sweet spot for how much to trade.
The simple answer is to trade exactly as much as your proven strategy tells you to trade. The answer is both simple and complex. Forex traders should instead focus on diligently following a set strategy.
No i was at 300 pips profit. As a new day trader you may worry about overtrading or undertrading so how many trades should you make in a day. Targeting x amount of pips per day is unrealistic.
You only have bandwidth for evaluating so many trades in a day. I have worked as a professional trader for about a decade and am fairly active turning over hundreds of millions of dollars worth of stock per year. The setups you are looking for may appear one a day or each half an hour.
I use 5 20 pips sl different lot size for each position.