Cryptocurrency Q&A What is the 20 pips a day trading strategy?

What is the 20 pips a day trading strategy?

Chiara Chiara Thu Dec 26 2024 | 5 answers 1004
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. What is the 20 pips a day trading strategy?

5 answers

WindRider 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.

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Elena 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.

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Tommaso Tommaso Sat Dec 28 2024
For this strategy to be effective, the chosen currency pair must experience significant intraday movement and volatility.

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CryptoLord CryptoLord Sat Dec 28 2024
Active market conditions are crucial for scalping, as they provide numerous opportunities for quick entry and exit from trades.

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ShintoSanctum 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.

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