How many pips can I make as a full time trader?

Hello audience :) A friend of mine follower of this blog asked me if he could make a living from trading and asked Home many pips should target to accomplish that.

 Well, different traders have a different target depending on their preference, as they trade using different strategies and time frames. This also depends on how much return the trader wants to achieve in a longer period of time,like a month or a year.

That is the way to go. Thinking on monthly or yearly profit. Do not think how much you could make per day because that can harm your account if you over trade or chase the market.

There are days that is better to not trade at all. So you should fix a 10% monthly profit instead 100 pips per day :) .

With good money and risk management you can make 10% a day either you earn 10, 50 or even 100 pips. I know traders that are happy with 20 - 30 pips daily.

They trade 1 lot so those 20 pips equals 200 dollars per day which is good. I personally tend to trade less lots but trying to get more pips over time, at least at this moment.

 To some people, 10% may sound easy. And yes, it is not difficult to reach 10% return, but the difficult part is to be consistent and know when you need stop as people get greedy once they make profits.

 The difference between amateur traders is this: Amateurs are concerned with how much they can make but professionals are more concerned with how much they afford to lose.