Many ask between which a number of pips and total value in USD should be given first? Which needs to be hunted by forex traders in Malaysia? This question is indeed many in our inbox, ask on Facebook. Try to guess, what is the correct answer to this question?
In our view, it depends on what your goals are in the forex. In fact, it makes no difference whether you are a pip hunter or USD because it can be adjusted to meet your goals in forex. It depends on your technique. How many pips you can get through such a technique.
Many forex traders who hunt pip are associated with forex traders having small capital. But no, there are traders who hunt for USD but have small capital as well. It actually counts how many pips according to your technique you can get. Some people are used to getting 100 pips a day. Some are looking for 20 pips a day. And some are looking for 100 pips a month. It 's actually how much profit you can make by adjusting the pip value and it has to do with actual CAPITAL.
For example, there are traders who are used to trading 1 pip equals 10 cents. Every day he can earn 20 pips equivalent to 2 dollars. With a capital of USD100, he earns 2% a day.
One day due to his tiredness facing the forex chart all day, he felt it was not worth a day to get only 2 dollars. So he also changed his trading strategy to the habit of getting 20 pips to want more than 20 pips. The passion for pip hunting finally ensnared him when the greed for pip hunting led to the small Margin Call forex account. He became the wrong pip hunter in this situation.
The experiment was performed again. He also changed the value of 10 cents to 1 dollar per pip. The desire to earn 20 dollars a day. But this time he panicked while trading forex, everything went wrong, because the value of a pip is big, and he is anxious and afraid of the same capital as before quickly MC. The value of the pip being pursued could not, and invited again to the Margin Call. The account reached the STOP OUT level. Run out of capital again. He became the wrong USD hunter in this situation.
In your opinion, what does it need to change? In fact, his actions are right, just need to change the value of capital to a larger capital so that the percentage of trading is the same as before. If the habit of trading 10 cents with a capital of USD100. This time he needs to change his capital to USD1000 if he needs to trade 1 dollar per pip. So that emotions are calm, it feels the same and it is easier to control Money Management in forex.
So here you can see, no pip or USD issues are being pursued. If your technique has managed to get a fixed pip, you just need to change the pip value of the volume lot you trade and also the capital to proportion. Remember, forex trading is a long term business and not get the rich quick scheme. It is also not like a tail number stab. Take care of MM, trade with knowledge, and one day you will smile despite the efforts you have made over the years.
