What is 20 pips to USD? Many budding traders want to know the answer to this question, especially because of the popular goal to get 20 pips a day on the forex markets. Alternatively, they may be attempting a 20 pip challenge. But what is 20 pips to USD, and how do you convert it? […]
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It’s funny how sometimes, the simpler something is, the more exciting it is. And when it comes to simple, it doesn’t get much simpler than the 20 pips a day forex strategy. Every day, approximately seven trillion dollars worth of foreign currencies change hands. That’s equivalent to $1,000 for every single person on earth, which
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The 20 pip challenge or $20 / 30% challenge is one which captures a huge amount of interest among forex traders. That’s despite its very high level of risk in terms of standard risk management. Nevertheless, it’s a fascinating example of the power of compound interest. Plus, 20 pips a day in forex trading is
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