The general pipsing strategy involves:

• Short stop order: To achieve the result, you need to set the stop loss as close as possible to the trade opening price (remember that stop loss is necessary to reduce risks if the price moves in the opposite direction). Pipsing provides a minimum profit from each trade because a trader simply cannot afford a long stop. In this case, one deal closed with a long stop order will eliminate ten profitable ones.

• Instant closing of losing trades: It makes no sense to hope that a losing trade will turn into a profitable one in time. "Overholding" does not comply with the principles of pipsing. Losses are inevitable here, and you need to be able to close losing trades without the slightest regret.

The general pipsing strategy is to use pipsing in any direction, but it is better to follow the trend first. Learning to determine the beginning and end of a trend is a topic of a separate review, and if you are interested in this topic, you can search for more resources. Fundamental analysis is a pipser's best friend. Making money during a flat is difficult because price fluctuations in some currencies are so small that they do not cover the spread. Significant fundamental news in most cases is never perceived in one way by all traders. Therefore, the price moves randomly in both directions in the first hour, but with an amplitude that allows traders to earn.

One important thing to keep in mind when practicing pipsing is not to try to cover several tools at once. Traders should learn to feel the market through one pair and analyze how the price behaves throughout different sessions, during various fundamental events, and so on. This approach allows traders to develop a deeper understanding of the market and develop their own trading strategies.

When it comes to the amount of deposit required for pipsing, it should be relatively small - in the range of $100 to $300. Large deposits are not needed for pipsing, as traders catch the slightest price change and use leverage as much as possible.

In conclusion, pipsing can be an effective strategy for traders looking to earn quick profits from small price movements. However, it requires a high level of focus, concentration, and discipline, as well as a deep understanding of the market and its various trends and events. Traders should also be aware of the potential drawbacks of pipsing and take steps to manage their risks and avoid burnout.