How to earn $ 300 a day in the Forex market? There are many ways, you can do it only if you know how to make 30 pips a day. 1 pip in the standard lot equals $ 10, so 30 pips means making $ 300. What you need is a Forex strategy that can generate 30 pips per day.
The simplest Forex strategy that can get you 30 pips a day is scalping. Scalping is the strategy of getting in and out of the market quickly to earn between 15 and 30 pips per trade. You will only need two winning scalps per day to make at least 30 pips.
So what you will need is a good scalping system that has proper entry, exit and stop loss rules. You must master that scalping system on your demo account and make a consistent 30 pips a day. If not, replace the system with another. It is better to look for a scalping system that takes no more than 2 hours to produce 30 pips per day. This way, you don’t have to get glued to your computer monitor.
Whatever it is, manually scalping the market can be a time consuming and exhausting process. There are many traders who have not mastered scalping even after years of trading experience. But, you can use a scalper robot that can do the work for you automatically. You just need to set the proper settings, test them, and then let the scalper robot trade on your real account. Scalping is done when volatility in the market is low. Use a suitable stop loss so that in the event of a loss your account is not damaged.
But suppose you are new to forex trading and you don’t know how to scalp and you have no idea how to make a scalper robot work. What should you do? There is a very simple strategy available for those people who do not have time to learn Forex trading and do not have time to trade Forex.
Subscribe to a good Forex signal service from a professional trader. Today, most of these professional traders sell their signals live via sms and emails. They also provide you with the trading copier software which, when installed on your account, will automatically copy the live trades performed by these professional traders.
Most of these professional traders earn between 30 and 50 pips. So subscribing to these Forex signals by professional traders and using a trade copier software can get you 30 pips a day or $ 300 in dollar terms.