I’m trying to trade forex on my own, with 3 strategies based primarily on technical analysis, supplemented by fundamental analysis. I’ve developed these strategies through homework, lots of reading and just a bunch of research. I bought a system in the past and got burned. Now I’m doing it myself. Does anyone know the honest average range of pips professional retail traders make every month? My impression was that they make an average 250-500 pips a month. Not to say they do that every month, it’s just the result when averaged out. Right now, after 2 months of trading, I’ve made a little over 200 pips and I’m hoping to maintain that and improve to the 250-500 pip average a month range. Is that realistic? Ideal? What should be my target monthly average to be a truly successful forex trader.

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I am new to FOREX and am considering using HYMARKETS.COM who appear to offer a 3 pip spread. Is this competitive and if not where can this be beaten? Any advice is much appreciated. Thanks

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I am new to trading and I want to generate a least ten pips a day, is that possible or does it take longer. What time should i expect the trade to execute, so that i can put in more trades?

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