Cryptocurrency Q&A
Is 20 pips a day possible?
Is 20 pips a day possible?
Caterina
Mon Aug 19 2024
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6 answers
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I'm curious, could you elaborate on the feasibility of achieving 20 pips a day in the world of cryptocurrency and finance? I understand that the market is highly volatile, so is such a target realistic for traders, especially considering factors like risk management, market conditions, and individual trading strategies? What are some of the key considerations traders should keep in mind when aiming for such a daily goal?
6 answers
SolitudeSeeker
Tue Aug 20 2024
Achieving a daily profit of 20 pips in the foreign exchange (forex) market is a feasible objective for traders who possess a robust trading strategy.
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SsangyongSpirited
Tue Aug 20 2024
Selecting the right currency pairs to trade is another essential aspect of achieving 20 pips a day. Traders should focus on pairs with high liquidity and volatility, as these tend to offer more opportunities for profit.
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Daniela
Tue Aug 20 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that can be beneficial for traders looking to diversify their portfolios and explore new markets. These services include spot trading, futures trading, and cryptocurrency wallets, among others.
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Enrico
Tue Aug 20 2024
To consistently attain this target, traders must adhere to a well-defined plan that takes into account market conditions, currency pair movements, and personal risk tolerance.
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isabella_taylor_activist
Tue Aug 20 2024
Discipline is paramount in forex trading, as it ensures that traders stick to their strategy even during periods of market volatility or uncertainty.
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