Super profitable pips
If your deposit does not exceed several hundred dollars, the desire to earn more than the fear of losing what you have, then pipsing is your choice.
Piping is the most profitable and riskiest strategy in stock trading; some classify it as scalping on Forex, while others distinguish it as a separate trading strategy.
Profit from pips can reach 500 percent or more in one session, but at the same time this is the most relaxed type of trading on the stock exchange; you can lose your money even faster than you earn.
Features of pipsing in Forex
Earnings are 20-50 points from one transaction with a 5-digit quote, but since the maximum leverage is used, even these couple of points can give a significant profit
Leverage – recommended size is 1:500, but some traders take risks with larger sizes.
Brokers – at the moment I know three brokers that 100% allow piping, these are:
A-Markets – minimum deposit $200, five-digit quote, floating spread from 0.2 points.
Alpari – minimum deposit from 10 dollars, floating spread from 0 points, the lowest average spread size. Both scalping and pipsing are allowed.
RoboForex – deposit from 0 dollars, provided $30 no deposit bonus for new clients narrow spreads from 0.1 points.
Currency pairs for pipsing are EURUSD, USDJPY, USDCAD, GBPUSD, AUDUSD, EURGBP, EURCHF, USDCHF.
The timeframe is M1, the duration of the transaction is rarely more than a few minutes.
Pips strategy
One of the advantages of this strategy is its relative simplicity; all trading is based on repeated fluctuations, which are easy to notice using the following analysis options.
Building a price channel on M1, if a clear price channel is drawn, you can trade in both directions:
Opening a parallel transaction - that is, you open an additional transaction with a minimum volume for the same currency pair, but in a second trading terminal.
By tracking changes in financial results, we seize the moment to enter the market. The stochastic indicator - although it does not provide a 100% guarantee, in most cases it helps to open a deal in the right place.
You can find a detailed description of the strategy for working on M1 at - https://time-forex.com/skalping/st-pips ; in addition, there is a ready-made template thanks to which you can set up a chart in just a few minutes.
Additionally.
- Piping is carried out only in the presence of repeated fluctuations in the exchange rate.
- The deal is closed with a loss of 20-30 points, or a profit of 30-50; in exceptional cases, if profits grow, you can hold the deal a little longer.
- Stop loss is usually not set, since it is quite technically difficult to do this, but if you wish, you can use special scripts for automatic installation.
- After 10 trades there is a mandatory rest break away from the computer.