We are going to use the major Forex currency pairs and the first thing you will want to do is open up the daily chart to look for the pair that has a decent daily range. ![]() It is very similar to the London breakout system that is also on this website. The trade setup is quite clear but like any trading strategy, risk management is vital for your overall success. I think this is a great day trading strategy for beginners because you do not need to learn complicated indicators or price patterns. It is a pretty simple day trading strategy but remember that many times, the best day trading strategies that work are actually simple in design which can make them quite robust. ![]() The 50 Pips A Day Forex Trading Strategyis designed to capture the early market move of GBPUSD or EURUSD but you can certainly experiment with other major currency pairs.
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