I'm interested in learning about the 20 pips a day trading strategy. Could you explain what this strategy entails and how it works in the foreign exchange market? I'd like to understand the basics and the key elements of this trading approach.
5 answers
WindRider
Sat Dec 28 2024
The Forex scalping strategy known as "20 pips per day" is designed to provide traders with a consistent daily profit of 20 pips.
Elena
Sat Dec 28 2024
This strategy aims to accumulate these small gains over the course of a week, resulting in a total of at least 400 pips.
Tommaso
Sat Dec 28 2024
For this strategy to be effective, the chosen currency pair must experience significant intraday movement and volatility.
CryptoLord
Sat Dec 28 2024
Active market conditions are crucial for scalping, as they provide numerous opportunities for quick entry and exit from trades.
ShintoSanctum
Fri Dec 27 2024
Among the various currency pairs available, the GBP/USD and USD/CAD are considered to be particularly suitable for this strategy due to their tendency to exhibit high volatility.