CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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ThinkMarkets > Support > FAQs > Trading FAQs > How to get more pips in forex trading?
Trading FAQs
 General
 How are spreads calculated?
 How can I avoid slippage in forex?
 How much do you need to start trading forex?
 How to back test forex trading strategy?
 How to get more pips in forex trading?
 How to read forex chart patterns
 How to trade divergence in forex?
 How to trade forex with MetaTrader 4
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 What are forex charts?
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How to get more pips in forex trading?

This is the crux of forex trading in general. While there are many strategies you can use that can provide reasonable returns, the reality is that there is a small number of elements that make the difference in trading longer term.

The crucial thing that most traders fail at is hanging onto a winning trade. By letting your winners run, you have the ability to increase profits. Conversely, if a trade starts to work against you, you must get out of it immediately. Keeping your losses small is paramount over the longer term. Remember, it’s not just the frequency in which you win, but it’s the amount that you win.

Psychology is crucial when it comes to getting more pips in forex trading. New traders often think it’s easy to hang onto a move that’s profitable, but once they have been burned a couple of times, they quite often will find themselves trying to collect profits as soon as they show up so that they don’t lose them.

You should also keep in mind that getting more pips isn’t necessarily the best way to measure your success. Risk-adjusted returns are crucial, and that is how a professional trader will look at the market. In other words, if you typically risk 1% of your account on a trade, what is the average win?

For example, if you typically risk 1% of your account on a trade, and average a gain of 3%, with a 75% win rate, then that is going to be much more indicative of how you are doing as a trader, not simply counting pips. This is especially true if your pip size isn’t always the same.

Obviously, if you gain 10 pips in a $100,000 position, it’s worth quite a bit more than 50 pips in a $2000 position.

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Risk warning for retail traders: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk warning for qualified professional traders:  Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks associated with a professional trading account. Tax laws depend on individual circumstances and may differ in a jurisdiction other than the UK.
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