Do not underestimate 5–10 pips. The mindset of people who truly make money in FX
Do not underestimate 5–10 pips. The mindset of people who really make money in FX
When you’re just starting FX, you tend to think, “I want to take 100 pips in one go” or “I want to win big.”
However, among traders who actually win consistently for a long time, small profits of 5–10 pips are valued highly
Because those who can steadily accumulate small profits become surprisingly wealthy
In fact, those who can consistently take a total of 20–30 pips every day are far fewer than you might think
Many people chase big profits by aiming for a home run, losing profits along the way or taking on large losses
On the other hand, the winning mindset is different
It’s not about home runs; first, you accumulate singles
In the market there are fairly easy price moves to take advantage of on a daily basis. Those small opportunities, if you reliably seize them, are more repeatable than aggressively aiming for large price swings
Of course, 5–10 pips is by no means flashy
But the skill of consistently taking small profits is the most valuable skill for a trader
Interestingly, traders who steadily accumulate small profits can, at times, ride large trends as well
In other words,
“Beyond mastering small profits lies large profits”
The first goal is not to achieve a one-shot reversal
A technique that reliably captures 5–10 pips every day
That accumulation is the quickest path to building substantial wealth in the long term
The method I am currently practicing is here
(I have also added a currency strength filter)
★★ Steady trading of only +10 pips per day (2–5 hours per day) ★★
I’ve taken the best aspects of two methods taught by real pro traders (mentors) and
added a logic that clarifies entry points
A trading method for “earning” rather than “winning”
Trade only with the expectation of going long where the probability of rising is high
Thinking like overseas pro traders (legendary investors Buffett and Soros)
https://www.gogojungle.co.jp/tools/ebooks/76385
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