Here we will look at a Forex trading strategy which is not only easy to learn, it can make you big profits in around 30 minutes a day. This Forex trading strategy will always work and is the one most professional traders use and if you use it to, you can enjoy currency trading success.
The strategy is based on a simple fact which is – all the big bullish trends in currencies start the same way which is by breaking an important resistance level and making a new high. Look at any chart of any currency you like and you will see this happen time and time again. If you buy the best breakouts you can make big gains and have low risk at the same time.
This may look an obvious way to make money and it is but most traders don’t do it and miss all the biggest and best trends – so why do most traders not trade breakouts?
The answer lies in the fact they want to buy the low of the market and breakouts don’t allow you to do this, you miss the very first part of the trend. Of course this doesn’t matter to the professional trader, he has missed a small amount of profit but the breakout if it is a good one will make him huge gains.
Forex trading is NOT about buying exact lows because that’s impossible, it’s about getting in when the odds are at their best and making money, from trends that have high odds of continuing.
When looking to buy breakouts, you want to focus on a currency where it has tested resistance a few times (I generally look for 6 tests or more) the more times a resistance level has been tested before the break, the better the odds of success will be when the level finally does break.
Just look at your charts look for good potential breakouts and when they come, buy them as soon as the porice trades above resistance. Stop loss protection is easy and tight, just below the level which has just given way. Even better news is – on the best breakouts the reward can be 10 or 20 times the amount of risk taken.
You will get a few really good breaks each month and if you trade them, you can make a triple digit income in around 30 minutes a day. It’s a simple strategy but it works and will always work so look to buy breakouts and you can enjoy long term currency trading success.
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