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50 PIPS Strategy

The 50 PIPS Strategy

Here's a trading strategy I created. In theory, you can literally start trading with one dollar and turn it into a million dollars in just one year! The most successful Forex Day Traders don't seek out to make as money as they can in one day. They set attainable daily, weekly and monthly targets and set goals to achieve them. A simple way to do this is to create a realistic daily goal and stop when achieved. I've created a daily goal that was easy for me to follow and reduced the amount of time spent in the trading markets. If you choose to try it, I hope it works for you too.

To minimize my risk of financial loss, I don't overleverage my account. This means, I never use more that one one thousandth (1/1000) of my account in the market at any time. In other words, if I have $1000 in my trading account, I wouldn't use more than one dollar at a time to trade. 
Here's my simple goal: Achieve 50 pips per day, 20 days of each month. That's it! 
With an average of 1000 pips per month, here's what one year of consistency could look like:  

12 Month Strategy

Month 1

Start the month with $1000 in a broker account. Trade with $1 for 20 days and achieve 50 pips each day. $1 trade X 50 pips/day = $50/day. Multiply that by 20 trading days and the monthly profit would be $1000. This would double the balance to $2000.

Month 2

Start the month with $2000 in a broker account. Trade with $2 for 20 days and achieve 50 pips each day. $2 trade X 50 pips/day = $100/day. Multiply that by 20 trading days and the monthly profit would be $2000. This would double the balance to $4000.

Month 3

Start the month with $4000 in a broker account. Trade with $4 for 20 days and achieve 50 pips each day. $4 trade X 50 pips/day = $200/day. Multiply that by 20 trading days and the monthly profit would be $4000. This would double the balance to $8000.

Month 4

Start the month with $8000 in a broker account. Trade with $8 for 20 days and achieve 50 pips each day. $8 trade X 50 pips/day = $400/day. Multiply that by 20 trading days and the monthly profit would be $8000. This would double the balance to $16,000.

Month 5

Start the month with $16,000 in a broker account. Trade with $16 for 20 days and achieve 50 pips each day. $16 trade X 50 pips/day = $800/day. Multiply that by 20 trading days and the monthly profit would be $16,000. This would double the balance to $32,000.

Month 6

Start the month with $32,000 in a broker account. Trade with $32 for 20 days and achieve 50 pips each day. $8 trade X 50 pips/day = $1,600/day. Multiply that by 20 trading days and the monthly profit would be $32,000. This would double the balance to $64,000.

Month 7

Start the month with $64,000 in a broker account. Trade with $64 for 20 days and achieve 50 pips each day. $8 trade X 50 pips/day = $3,200/day. Multiply that by 20 trading days and the monthly profit would be $64,000. This would double the balance to $128,000.

Month 8

Start the month with $128,000 in a broker account. Trade with $128 for 20 days and achieve 50 pips each day. $64 trade X 50 pips/day = $6,400/day. Multiply that by 20 trading days and the monthly profit would be $128,000. This would double the balance to $256,000.

Month 9

Start the month with $256,000 in a broker account. Trade with $256 for 20 days and achieve 50 pips each day. $64 trade X 50 pips/day = $12,800/day. Multiply that by 20 trading days and the monthly profit would be $256,000. This would double the balance to $512,000.

Month 10

Start the month with $512,000 in a broker account. Trade with $512 for 20 days and achieve 50 pips each day. $64 trade X 50 pips/day = $25,600/day. Multiply that by 20 trading days and the monthly profit would be $512,000. This would double the balance to $1,024,000.

Month 11

Start the month with $1,024,000 in a broker account. Trade with $1,024 for 20 days and achieve 50 pips each day. $128 trade X 50 pips/day = $51,200/day. Multiply that by 20 trading days and the monthly profit would be $1,024,000. This would double the balance to $2,048,000.

Month 12

Start the month with $2,048,000 in a broker account. Trade with $2048 for 20 days and achieve 50 pips each day. $128 trade X 50 pips/day = $102,400/day. Multiply that by 20 trading days and the monthly profit would be $2,048,000. This would double the balance to $4,096,000.