The Forex trading strategy enclosed, is one that is proven to make money and many of the world's top traders use it yet, very few new traders consider it but that's of no real worry the bulk of novice traders lose money. Let's look at this simple Forex trading strategy for success.
One of the most obvious things you will see, when studying Forex charts is that, Forex prices trend for many weeks or months, in a sustained direction. If you can lock into these trends and hold them, you can make huge gains but you need to know how they begin and continue to do this. A close look at any currency pair will reveal how they start and continue which is the basis of this strategy:
All big trends start and continue by breaking to new market highs - so if you buy these breakouts, you have high odds of success and can make a lot of money - Simple? Yes it is, so why do most novice traders ignore this way of trading?
The problem they have is mindset, when they see the break occur, they think prices are going higher but think "I better wait for a pullback so I can get in at a "better price" this of course is a huge mistake!
When the best breakouts occur, they don't pullback and the novice trader watches as the price carries on making thousands of dollars and he's simply not in it. These traders want to buy the low but this is impossible and they simply cannot buy a trend in motion but this is the way to make money in Forex trading, as the odds of a continuation in favor of the break are so high.
Forex breakout trading, is easy, all you need to watch for are levels of resistance which have been tested a few times ( the more times the better) and when the level eventually gives way you get on board.
Your stop is obvious and tight, just below the breakout level, giving you low risk and then you wait for the trend to unfold and hold it. To do breakout trading you just need to watch support and resistance and use a couple of momentum indicators, to time your move and you have a simple Forex trading strategy, for triple digit profits.
So learn the strategy the millionaire traders use - trade breakouts and get on the road to a great second income in 30 minutes a day, its easy to learn and is a strategy which will always work.
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