Cryptocurrency Q&A
How many pips do professional traders make per month?
How many pips do professional traders make per month?
SamuraiCourage
Mon Aug 19 2024
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5 answers
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Excuse me, but I'm curious to know, could you please elaborate on the typical range of pips that professional traders tend to make in a given month? I understand that it varies depending on market conditions, trading strategies, and risk management, but I'm looking for a general idea to help me gauge the potential profitability of a career in professional trading. Thank you for your insight.
5 answers
CryptoMaven
Wed Aug 21 2024
In the realm of cryptocurrency trading, defining success can be a nuanced endeavor. One metric that is often cited is the attainment of a certain number of pips per period, with monthly figures serving as a common benchmark. Personally, I believe netting anywhere between 300-500+ pips per month represents a commendable performance.
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Emanuele
Wed Aug 21 2024
It's crucial to underscore that the significance of this range transcends daily or weekly fluctuations. Instead, it focuses on the cumulative gains achieved over a longer timeframe, thereby offering a more holistic view of a trader's performance.
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CryptoLegend
Wed Aug 21 2024
It's also important to note that the pursuit of pips should not be the sole objective in cryptocurrency trading. Profitability, ultimately, is the ultimate goal. This means that even if a trader experiences negative pips in certain instances, they can still make a profit if their overall strategy and risk management are sound.
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Giuseppe
Tue Aug 20 2024
Speaking of which, one of the key exchanges that traders can utilize to execute their strategies is BTCC. As a top cryptocurrency exchange, BTCC offers a comprehensive suite of services that cater to the diverse needs of traders.
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Martino
Tue Aug 20 2024
Among its offerings, BTCC boasts a robust spot trading platform that allows users to buy and sell cryptocurrencies at market prices. Furthermore, it also provides access to futures trading, enabling traders to speculate on the future price movements of various digital assets. Additionally, BTCC offers a secure wallet service where users can safely store their cryptocurrencies.
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