I'm looking for a strategy or method to consistently earn 50 pips per day in the forex market. I want to understand the best practices, tools, or techniques that can help me achieve this daily profit target.
Simultaneously, open a sell stop order. Position this order 2 pips below the low of the candlestick.
Was this helpful?
273
21
BenjaminMooreThu Dec 05 2024
The market will inevitably move in either direction, towards the high or the low. This movement will trigger one of your pending orders.
Was this helpful?
99
55
BlockchainLegendaryThu Dec 05 2024
When employing the 50 pips a day strategy, it is crucial to adhere to specific rules.
Was this helpful?
126
52
WhisperVoyagerThu Dec 05 2024
Begin by waiting for the 7 a.m. GMT candlestick to close. This is a significant time marker for initiating your trades.
Was this helpful?
66
85
MargheritaThu Dec 05 2024
Once one of your orders is executed, you should promptly cancel the other order. This ensures that you do not have an open position in the opposite direction.