Is it possible to make 10 pips a day?
10 Pips is so easy to make in one day. If you follow the market closely, you will find that you can make more than 800 pips in a week. YOu are just looking to make 50 pips in a week (10 pips a day) – which is only 6.2% of the weekly total.
What is the most profitable trading strategy in forex?
“Profit Parabolic” trading strategy based on a Moving Average. The strategy is referred to as a universal one, and it is often recommended as the best Forex strategy for consistent profits. It employs the standard MT4 indicators, EMAs (exponential moving averages), and Parabolic SAR that serves as a confirmation tool.
How many dollars is 10 pips?
|Commodities||Pip value per 1 standard lots||Pip value per 0.01 standard lots|
|XBRUSD||10 USD||0.10 USD|
|XAGUSD||50 USD||0.50 USD|
|XAUUSD||10 USD||0.10 USD|
|XAUEUR||10 EUR||0.10 EUR|
Can scalping be profitable?
Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading. Adhering to the strict exit strategy is the key to making small profits compound into large gains.
What is the easiest forex strategy?
#1 Pin Bar Trading Strategy When it comes to Forex trading for beginners, the pin bar is king. This is because it’s a very obvious pattern, making it easy to identify on a chart. It’s also one of the easier strategies to trade.
What is the most accurate trading strategy?
Trend trading strategy. This strategy describes when a trader uses technical analysis to define a trend, and only enters trades in the direction of the pre-determined trend. The above is a famous trading motto and one of the most accurate in the markets. Following the trend is different from being ‘bullish or bearish’ …