Catch Big Trends and Make Profits with the Best Trading Strategy
If you are looking for the best Forex trading strategy then, you should consider the one enclosed. It works and will always work, is simple to understand and easy to apply - Anyone can use this top rated forex strategy to enjoy long term forex trading success so, let�s look at it in more detail.
If you look at any Forex chart you will see long term trends which reflect the underlying economic cycle and they last for many weeks months or in some instances years and if you look closely, you will see that all major bull trends start the same way - they break through resistance to new chart highs and continue doing this as the trend develops.
If you buy high odds breakouts and focus on getting into and holding long term trends you can make a lot of money and while this is obvious very few novice traders bother with this strategy, while many pros do.
The novice trader lacks an understanding of how the markets really work, they think they need to predict to win and try and buy lows and Breakout trading doesn't allow you to do this - to take a breakout trade you have to buy a trend in motion and miss the bottom of the move.
The pro trader knows you can't predict so he doesn't try - he knows as soon as a valid level of resistance gives way, the odds are in favor of the trend unfolding in the direction of the break.
A breakout forex trading strategy can be simple - You just need to understand support and resistance levels and add a few momentum indicators to gauge the velocity of price and your all set to make money. You need to only focus on levels of resistance that are considered important by other traders and this will be a level which has been tested in the past and held firm.
Generally, I like six or more tests of the resistance level before it gives way and at least two of them, should be widely spaced apart - at least a few weeks and preferably a few months.
If you are patient and only trade high odds breakouts, you can trade just a few times a month and make triple digit gains. As long as currency markets trend, breakout trading will work and that will never change.
So if you want to make a lot of money, in 30 minutes a day trade breakouts and follow long term trends and you�re on the road to currency trading success.
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