Sunday, July 17, 2011

Forex Trading - How to make 20 pips a day No Matter What

Almost every forex trader out there would kill to 20 pips a day, to do anything. This is almost like the Holy Grail. That is, the idea that a seed bank constantly, day after day after day.

So, exactly how? First, recognize the need to expand into more than just a currency pair. A currency pair will not give you the opportunity to make 20 pips a day. In addition, you may end up losing the business, which are supposed to do one of the 20Pips.

Forex Trading Pip

Maybe you have an idea of ​​where I'm going with this now ...

Need more over-target and only 20 pips. Some days you're better than 20 pips, and there are a couple of days a little 'less than 20 pips as possible. However, the idea is to keep these numbers as small as possible.

We want to work in the fourth to six pairs, that correlate with each other a little 'as possible. In other words, do not want to be two of your currency pair EUR / USD and GBP / USD. Thosetwo pairs tend to move more or less in tandem.

If these two are commercial and how they were treated as two separate, you may unknowingly trade plus or minus a couple. If you do not believe me, side by side two graphs and see how they matched each other almost perfectly.

After selecting the pairs, you must take at least 3 trades per day between 6 pairs, and each trade is at least 20 pips. To come along and losseswith semi-positive.

Forex Trading - How to make 20 pips a day No Matter What

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