You don’t need any other forex indicators with the 20 pips a day forex strategy.įorex trading happens 24hrs and follows around the globe. If you only trade the major forex currencies, that is still ok.įor this forex system, it is suggested that you use the daily forex timeframe. So that’s the basic idea of the simple 20 pips a day forex trading strategy.įorex Currency Pairs Can Be Traded With The 20 Pips A Day Forex Trading Strategy?Īny currency pair can be traded. And you then only aim for 20 pips profit.If the price breaks the high, you can take a buy trade. So when the price breaks the last day’s candlestick‘s low, you take a sell trade. To do that, you will have to trade the previous day’s breakout candlestick’s low or high.So why not try to get a small portion of that daily move instead of getting 50 pips or 99 pips plus profit daily, which can be quite hard to get? In addition, it is much easier to make 20 pips profit than a 100 or 150 pips profit. There are currency pairs that travel 99-150 pips in a day.
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