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If you risk 2% of your account with a 40 pip stop loss and target 80-100 pips, you would be making 4-5% profit a day with just one trade.
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Even if you're a complete beginner in trading, you must have come across the term "scalping" at some point. Scalping in the foreign exchange market is a ...
However, positional traders (also known as long-term Forex traders) are more likely to generate larger profits.
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With this method we would have earned 50 pips compared to the 35 we would have
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As you see, the price moved up about 700 pips so we got what we went in for, as well as those who followed that forex signal.
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The basic concept underlying this strategy is no secret. ADR Exhaustion strategies have been around for decades. This article, however, is not about ...
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