The 50 Pips A Day Forex Trading Strategy is designed to capture the early market move of GBPUSD or EURUSD but you can certainly experiment with other major currency pairs. It is a pretty simple day trading strategy but remember that many times, the best day trading strategies that work are actually simple in design which can make them quite robust. I think this is a great day trading strategy for beginners because you do not need to learn complicated indicators or price patterns. The trade setup is quite clear but like any trading strategy, risk management is vital for your overall success. It is very similar to the London breakout system that is also on this website. We are going to use the major Forex currency pairs and the first thing you will want to do is open up the daily chart to look for the pair that has a decent daily range. Our main goal for our trading day is to capture 1/3 – 1/2 of the daily trading range of the currency pair of choice. I will show you more on this book