50 Pips A Day Forex Day Trading Strategy By Alan Powers A PRO Trader!

50 Pips A Day is a forex day trading strategy that grabs around 50 pips daily just as the name suggests. 50 Pips A Day Forex Day Trading Strategy has been developed by Alan Powers. Alan Powers is a professional forex trader. There are many forex products out there. What you need is to stop chasing forex robots. Look for a solid forex strategy that you can practice and master. 50 Pips A Day is one such strategy that you can practice and master RISK FREE for 60 days on your demo account as it comes with no questions asked 8 weeks money back guarantee. Alan Powers has priced his 50 Pips A Day Strategy just $27, so you don’t need a lot of money to try this day trading strategy.

50 Pips A Day Strategy is primarily based on price action. It does not use any complicated indicators other than just the basic ones that are freely available on MT4 to ensure that you are trading in the direction of the trend. There is only one PDF to download and that’s it. No fancy indicators are required. 95% of the decision making will be made by the system. You just need to follow some simple rules while trading with this strategy.

Making 50 Pips A Day Trading On Pullbacks!

The core of the 50 Pips A Day Strategy lies in trading in the direction of the trend. This is the most sensible thing to do as it will reduce the risk plus increase the win rate. Now, the crux of this strategy is to enter into a trade with the lowest risk. This is done when we trade on pullbacks. So trading on pullbacks is the core of this strategy. This ensures that the stop loss that you use is not more than 10-15 pips per trade. Now, 10-15 pips stop loss is extremely small. So making 50 Pips A Day with 10-15 pips stop loss is a pretty good strategy. Using this strategy, you will also know when to stay out of the market and don’t take any trade!

Now the good thing about this 50 Pips A Day Strategy is that it will never stop working as it is purely based on market principles that cannot change. This strategy will always work as there are people trading and the psychology of the buyers and sellers does not change. Making 50 pips daily on a consistent basis means making around 1000 pips per month.

First test this 50 pips a day strategy on your demo account for a period of one month to check whether it does make 50 pips daily or not. Keep a trading journal where you should enter the details of each trade that you make using this strategy. At the end of the month, see whether you were able to make 50 pips daily or not. If you don’t make 50 pips daily with this strategy or this is not an easy strategy to trade with, simply get the refund. And if you do make 50 pips daily with this strategy, open a live account with a deposit of $250.

Trade with 0.02 Lot for the first month. If you happen to make 1000 pips by the end of the month, you will be making $200. So your account equity will grow to $450. In the second month, double the lot size to 0.04 Lot. If you again happen to make 1000 pips by the end of the month, your account will grow to $850. Once again double the lot size to 0.08 Lot. If you again make 1000 pips, by the end of the month, your account equity will be $1650.

You must have noted this that your account is going to double every month if you make 1000 pips per month and use the above money management system. If you consistently make 50 pips daily for the next 12-14 months, you will see that you can grow your account to $1 million by doubling the lot size every month. In order to succeed in forex, you need a rock solid strategy that just makes 50 pips daily and that’s it. If this strategy can make you 50 pips every day and you can do it everyday for the next 12 months, you will see an explosive growth in your account. But first what you need to do is test 50 Pips A Day Strategy by Alan Powers thoroughly on your demo account to see how easy it is and whether it does make 50 pips daily or not!

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