I'm interested in forex trading and I'm wondering how I can make a consistent 50 pips profit every day. What strategies or techniques can I use to achieve this goal?
6 answers
GangnamGlitter
Wed Dec 11 2024
When trading, it is crucial to pay attention to the pending order and set a stop-loss.
SamsungShineBrightnessRadiance
Tue Dec 10 2024
In terms of profit-taking, for a buy order, the take-profit level should be set 50 pips above the entry price.
KatanaSharpness
Tue Dec 10 2024
For a buy order, the ideal position for the stop-loss is 5 to 10 pips below the low point of the 7 am candle.
KDramaLegendary
Tue Dec 10 2024
Similarly, for a sell order, the take-profit level should be 50 pips below the entry price.
EnchantedSeeker
Tue Dec 10 2024
Conversely, for a sell order, the stop-loss should be placed 5 to 10 pips above the high point of the same 7 am candle.