Cryptocurrency Q&A
What is 10 pips everyday?
What is 10 pips everyday?
BonsaiLife
Wed Dec 18 2024
|
7 answers
1051
I keep hearing about this phrase '10 pips everyday' in trading circles. I want to understand what it means. Is it a strategy? A goal? How does it work and how can it help me in my trading?
7 answers
TaekwondoMasterStrengthHonor
Fri Dec 20 2024
This high win rate requirement underscores the risk-reward ratio inherent in the “10 pips a day” strategy.
Was this helpful?
174
98
CryptoEnthusiast
Fri Dec 20 2024
This strategy necessitates taking on a substantial risk in terms of pips for the purpose of securing a comparatively modest profit.
Was this helpful?
116
73
Eleonora
Fri Dec 20 2024
To illustrate, consider employing a strategy where the take profit is set at 10 pips and the stop loss is set at 90 pips.
Was this helpful?
145
76
Martino
Fri Dec 20 2024
In order to achieve a break-even point with this particular strategy, it becomes imperative to win a significant majority of the trades.
Was this helpful?
64
86
Carlo
Fri Dec 20 2024
Specifically, to offset the losses from the losing trades, you would need to win approximately 90% of the time.
Was this helpful?
240
30
Load 5 more related questions
