Cryptocurrency Q&A How to make 50 pips a day in forex?

How to make 50 pips a day in forex?

KpopHarmonySoul KpopHarmonySoul Mon Dec 09 2024 | 6 answers 1530
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? How to make 50 pips a day in forex?

6 answers

GangnamGlitter GangnamGlitter Wed Dec 11 2024
When trading, it is crucial to pay attention to the pending order and set a stop-loss.

Was this helpful?

236
63
SamsungShineBrightnessRadiance 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.

Was this helpful?

155
74
KatanaSharpness 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.

Was this helpful?

49
27
KDramaLegendary KDramaLegendary Tue Dec 10 2024
Similarly, for a sell order, the take-profit level should be 50 pips below the entry price.

Was this helpful?

391
47
EnchantedSeeker 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.

Was this helpful?

367
84
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts