“Everything should be made as simple as possible, but no simpler”  Albert Einstein

The more time I spend in the forex market the more I subscribe to the 10 to 15 pips trade strategy.  Greed will take down the best of us.

I’ve watched my profits increase and then erode into negative territory time and time again.  Entering a trade with too long of a profit target can obliterate a new trader’s account.  Yet with a 10 to 15 pip trade strategy I have had consistently profitable days.

Of course if there is a rally in the market, I would place a stop order to secure my profits and adjust my stops if the market moves in my favor.

What’s your trading strategy?