The idea behind trading 10 Pips A Day Forex Trading Strategy is a simple forex trading system for beginners. Below we discuss how to trade 10 pips day forex and its Pros and Cons of trading Pips.

2. 1. 10 Pips a Day Forex Strategy
2. Problems It Creates
3. Trading 10 Pips a Day Forex Strategy
◦ Sell setup
◦ Buy setup
4. Pros of the 10 Pips a Day Forex Trading
Strategy
5. Cons of the 10 Pips a Day Forex Trading
Strategy

4.  The idea behind trading 10 Pips A Day Forex
Trading Strategy is a simple forex trading
system for beginners.
1. Currency Pairs: only the major pairs
2. Indicators Required: 5 ema and 12 ema and
RSI 14 with level 50.
3. Timeframes: 15minutes

5.  If you hit 10 pips profit for the day, you don’t
trade anymore.
 It means that if you take the first trade and it
gives you 10 pips of profit, then you will not
trade anymore because the purpose of this
trading system is to make 10 pips a day.

6.  The problem with this trading system is that:
 What happens if you don’t make 10 pips
during the day?
 What happens if you have 10 losing trades in
a row?
 Will you keep trading till you hit the 10 pips
profit for the day?

7.  In this case, you need to make the profit on
the next 11 trades, and it is the 11th trade
that will give you 10 pips you need for the
day.
 But then, there is the very big problem,
because now you are faced with the problem
of overtrading, and you really don’t know if
the next 10 trades will all be winners.

8.  So with this 10 pips a day forex trading
strategy, my opinion is that, you need to have
a set limit on the number of losing trades in a
row you can take before you say that’s it: "no
more trading for today.”

9. Sell setup
 1. Sell When 5 cross 12 downsides and RSI
cross below 50.
 2. Place stop loss two pips above the high of
the previous candlestick which was closed
before the ema crossover.
 3. Take profit target is 10 pips.

11. Buy setup
 1. Buy when 5 ema cross 12 ema to the
upside and RSI crosses above 50 level.
 2. Place stop loss 2 pips below the low of the
previous candlestick which closed before the
ema crossover.
 3. Take profit target 10 Pips.

13. 1. It is a simple trading system to use for even
beginner forex traders.
2. It Works well in strong trending markets.
3. 10 pips profit target is easily achieved
compared to something like 50 pips profit
target.

14. 1. You can't use the 10 pips a day forex trading
strategy on pairs that have huge spreads, and
you will get stopped out very easily.
2. This is trend trading forex strategy, so if the
market is flat and you will have a lot of false
signals, therefore We suggest that you only
use this strategy during the New York and
London trading sessions.

15. 3. You are only restricting yourself to 10 pips,
but you only got 10 pips profit.
4. The tendency to overtrade if you are keen on
getting your 10 pips a day which means you
can blow your for the trading account simply
if you do that.