Cryptocurrency Q&A
What is 20 pips rule?
What is 20 pips rule?
Michele
Wed Oct 30 2024
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6 answers
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I've heard about a trading rule called the 20 pips rule, but I'm not sure what it exactly means. Could someone explain to me what the 20 pips rule is and how it applies to trading?
6 answers
BlockProducer
Fri Nov 01 2024
The Forex scalping strategy known as "20 pips per day" is a popular approach among traders aiming for consistent daily profits.
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Valentina
Fri Nov 01 2024
This strategy targets a gain of exactly 20 pips each day, which translates to at least 400 pips weekly if consistently achieved.
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HallyuHeroLegendaryStar
Fri Nov 01 2024
For the strategy to be effective, the chosen currency pair must exhibit significant intraday movement and volatility.
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Giulia
Fri Nov 01 2024
Volatility is crucial as it provides more opportunities for the trader to enter and exit positions within a short timeframe.
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Carlo
Thu Oct 31 2024
Among the various currency pairs, GBP/USD and USD/CAD are considered the most suitable for this scalping strategy.
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