Therefore, we will calculate the value of pips in USD.įor currency pairs with USD behind (XXX/USD): 1 pip = 0.0001 USDįor currency pairs preceded by USD (USD/XXX): 1 pip = (0.0001/rate) USDįor cross currency pairs (without USD), we have 2 calculation methods: Global traders will often choose USD as the base currency for their trading accounts. Surely this is quite an impressive result worth you learning about this day trading strategy. If you repeat that process 10 times a day, your earnings will be $500. Thus, for every 5 pips of profit, the scalper can make $50 at a time. Try doing a small calculation, with 1 standard lot, the average value of a pip is about $10. The 50 pips a day forex strategy isn't a strategy for everyone, but it's worth a try if you want to start with money markets and make a profit of 5 to 10 pips per trade.
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