If you are a swing trader, you will want to be extra careful in analyzing your candlesticks to be sure you can make proper financial gains. Not only is this technique designed for day traders, it is also able to work for swing traders based on the execution style. Like many other day trading strategies, it is defined by its simplicity and that allows the strategy to become fairly robust and easy to execute by beginner Forex investors and traders. The 50 pips a day Forex strategy is very simple in design and is considered a day trading strategy. You can use other currency pairs, but to take advantage of this strategy, as it does not require analyzing indicators like some other strategies, you need to ensure that whatever pair chosen has a daily range of 100 pips or more. Buy it once and read it on your Kindle device, PC, Android (phone + tablet) or iOS (iphone + ipad). We know that these two currency pairs move 100-150 pips or more in any given day. This is a forex trading strategy that you can use on the EURUSD and GBPUSD currency pairs. This type of strategy also aims at working with a select few currency pairs. 50 Pips A Day Forex Strategy - Kindle edition by Laurentiu Damir. Disclaimer: I have not tested this 50 pips a day forex trading strategy apart form just a quick back tested results shown below but tell you what It does really look promising. Oh yes, always ride the wave, go with the market trend.The 50 pips a day Forex strategy is an overall strategy that works in single hour intervals and aims at taking advantage of about 50% of a currency pairs’ daily movement.Always remember, if this were a quick way of making money everyone would be doing this, law of large numbers work and 99% of profits go to 1% of the population, so the odds are skewed against you!.Stick to your trading plan, whether your order size, your leverage and your trade odds.Accept losses as a part of the strategy and look to minimise them, so that you don’t need to be glued on to the screen all day, once in the morning to check the orders and once in the night to see how they are doing, unless there is an opportunity to enter into a trade during the day.If you play your RISK : REWARD smart and combine it with your WINRATE, that’s when you will start seeing results. What most traders get wrongis that you don’t have to make money every day to make money over the long term. As a trader, you should start thinking in terms of %, and even better: set your risk in relation to your reward. How to Become A Successful Forex Trader and Make BIG Money With Easy Stochastic Oscillator-RSI Trading System Forex Nihilist Ultra ADX Trading Strategy With Moving Average and BB-MACD Custom Indicator 2 MACD Effortless Forex Swing Trading System and Strategy That Work Forex RSI Evolution Slope Trading System With RenkoStreet Channel IndicatorĪ trader who makes 100 pips can make less money than a trader who just makes 10 pips.
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