Achievable End Of Year Target For Newbies

The achievable end of year profit target is analyzed in this article for new traders. Money management is one of the critical areas in Forex Trading that beginners should look seriously at when starting a trading career.

Factors such as selection of the right lot size when trading is very important to a professional trader. The standard lot size is 100,000 units of currency. Mini lots, micro lots and nano lots have their units in the following order; 10,000 units, 1,000 units, and 100 units.

 

 


Technically,  the pip value of a standard lot (at 1 lot size) is $10, the pip value of a mini lot (at 0.10 lot size) is $1, pip value for a micro lot (at 0.01 lot size) is $0.1, and the pip value for a nano lot (at 0.001 lot size) is $0.01.

The tables below show what can be achieved at the end of the year depending on the amount of start-up capital invested. The maximum daily target amount of pips is 30pips. The recommended lot size is 0.01 lot for $100 start-up amount, 0.05 lot for $500, and 0.10 lot for $1,000 respectively.

With consistency and discipline, this target is achievable. There will be losses, no doubt. However, the trading strategy adopted should be a good one such that profits made will be far more than the losses incurred. A maximum of 10% loss provision may be deducted from the year-end account balance for us to be on a realistic side.

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Support and Resistance

LONDON BREAKOUT STRATEGY FOR GBP PAIRS

ELLIOTT WAVE PRINCIPLE

Introducing The Beandicator Signal!

Introducing the Pips-Beantrapper Indicator!

Bollinger Bands and Scalping Strategy

 

There is no doubt that, if water consistently drops every 2 secs into a 20 litre bucket, in less than a day, that very bucket will get filled up.

Imagine you have a $100 account that you intend to trade with. Having a daily profit target of $1 on that very account may possibly give you an extra $100 in another 100 days (excluding weekends).

To achieve this $100 target in 100 days, you may need some level of discipline for you not to use more than 0.01 lot size everyday.

Booking 10 pips target every day is all you need on just one currency pair, say EURUSD for example.

On the other hand, most fresh or new traders don’t put money management into consideration when trading.

Money management will make you double your account over a period of time, if you have the right skill and strategy that can give you at least 10 to 30 pips a day.

 

Achievable

A maximum of 10% loss provision may be deducted from the above end of year total account balance.

Achievable

The maximum of 10% loss provision may be deducted from the above end of year total account balance.

Achievable

A maximum of 10% loss provision may be deducted from the above end of year total account balance.

 

On the 3rd January, 2022, find below result from trading Forex pairs and XAUUSD on a hundred dollar account in line with the above plan:

Join us on telegram as we try to achieve this project for the year 2022…. https://t.me/+fEILQbmAZzI3M2I0

 

achievable Forex and XAUUSD target day one 3rd Jan 2022

On the 4th January, 2022, find below result from trading Forex pairs and XAUUSD on a hundred dollar account in line with the above plan:

Join us on telegram as we try to achieve this project for the year 2022…. https://t.me/+fEILQbmAZzI3M2I0

achievable Forex and XAUUSD target day one 4TH Jan 2022

On the 5th January, 2022, find below result from trading Forex pairs and XAUUSD on a hundred dollar account in line with the above plan:

Join us on telegram as we try to achieve this project for the year 2022…. https://t.me/+fEILQbmAZzI3M2I0

achievable Forex and XAUUSD target day one 5TH Jan 2022

On the 6th January, 2022, find below result from trading Forex pairs and XAUUSD on a hundred dollar account in line with the above plan:

Join us on telegram as we try to achieve this project for the year 2022…. https://t.me/+fEILQbmAZzI3M2I0

achievable Forex and XAUUSD target day one 6TH Jan 2022

On the 7th January, 2022, find below result from trading Forex pairs and XAUUSD on a hundred dollar account in line with the above plan:

Join us on telegram as we try to achieve this project for the year 2022…. https://t.me/+fEILQbmAZzI3M2I0

achievable Forex and XAUUSD target day one 7TH Jan 2022

 

 

achievable

Referral links;

(Broker: Binary…https://record.binary.com/_WxWzztorkVi6tyDIijdDK2Nd7ZgqdRLk/1/)

(Broker: Alpari …   https://alpari.com/en/?partner_id=1244646)

(Broker: Exness … https://www.exness.com/a/t0q1u0q1)

(Broker: FXTM… http://forextime.com/?partner_id=4806145)

(Email: beanfxtrader@gmail.com)

(Telegram:  https://t.me/joinchat/KWBvKBDyn1nFB_3JQkR6GQ)

33 Replies to “Achievable End Of Year Target For Newbies”

    1. Thank you once again for the great information! As a newbie trader myself it’s always nice to see the goal on “paper” to keep you on track.

    1. Since last night I’ve followed your instructions on every platform and I’m a happy man. Thanks it fantastic knowing someone like you.

    2. I think this is achievable,with this strategy even with $1000 and the target is $30 daily is much achievable but we fall by saying $30 daily with $1000 Account is too small,by them we can make much someday but later on we blow the account.

      I see this is workable,I have be planning this since this month against 2020jan- Dec plan already.
      Thank you so much,mine was even higher but I will make use of your.

  1. Thanks for the take-home message sir. I’m still demo trading using mt4 app . I can’t find volatility index 75 on it. Which app can I find it for live trading

  2. Thanks sir and more elbow to you for this free information. Which strategy can be the best to achieve this goal?

  3. tôi là người vietnam tôi muốn biết nên chọn cặp tiền tệ nào để trade trong ngày
    i am vietnamese i want to know which currency pair to trade during the day

  4. I feel like this is the piece to the puzzle I’ve been missing!!! Thank you for putting this so it got through my thick skull 🙂

  5. it is not a bad idea but what if someone has got a stop loss and than he tries again get his lost money and than again to get 3$ on top of that… And if he hits the second stop loss than he might start panic which is the worst what can happen when it comes to trading .. especially when you see that someone is on track and you not.. There should be first of all a strategy.. than to follow strictly the rules of the strategy and after showing your account with the result and compare with other people results. So when someone see that he has gained less that would mean for him that he hasn’t followed the strategy strictly and will develop in him some sort of discipline in trading rather than the feeling of a looser that someone can make 30 pips a day and he can not .. if that make sense .. Anyway thank for the effort and sharing this goals..

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