What is a good number of pips to aim for in a day when trading cryptocurrencies?

3 answers

• Mustajab AhmedNov 19, 2024 · 8 months ago
  As a professional trader, I would suggest aiming for a target range of 50-100 pips per day when trading cryptocurrencies. This range allows for potential profit while also considering market volatility and risk management. It's important to set realistic goals and not be too greedy in pursuit of higher pip numbers.
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• Bayissa GemechuApr 14, 2023 · 2 years ago
  When it comes to trading cryptocurrencies, there is no one-size-fits-all answer to the number of pips you should aim for in a day. It depends on various factors such as your trading strategy, risk tolerance, and market conditions. It's recommended to analyze historical data, monitor market trends, and set personalized goals based on your individual circumstances.
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• Lane NormanOct 20, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, suggests that traders aim for a target range of 30-50 pips per day. This range takes into account the volatility of cryptocurrencies and aims to provide a balance between potential profit and risk management. However, it's important to note that individual trading styles and preferences may vary, so it's crucial to find a target range that aligns with your own goals and risk tolerance.
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