The biggest profits in the least amount of time and even better news is anyone can understand why it works and then use it to make big profits there are many Forex trading methods you can choose from but the one enclosed is simply the best.
This method of trying to pick a low in advance is doomed to failure many traders think the way to make money in currencies is to predict where prices might go but prediction is really a guess as no one knows what millions and millions of traders will do in advance.
The best way to do is this clear, if you look at any Forex chart the best way to trade Forex is to trade a high odds confirmation of a trend being confirmed. All big bull trends start in the same way, they break through overhead resistance and make a new high furthermore, as the trend progresses the currency continues to breakout to new highs so to get in on all the biggest and best trends, you need to buy breakouts.
The more times the key with buying breakouts is to look for high levels of resistance that have been tested several times and the past and held.
The more tests and the wider apart they are on a chart in terms of time, the better the probability the breakout continuing in the direction of the break will be Ideally you should look for six or more tests and these tests, should also have at least two them six weeks apart or more so in conclusion.
Just under the level of resistance which has broken which now acts as support, breakouts are high reward low risk way of trading and stops are always close.If you only hit high odds breakouts you will trade a few times per month and be able to make triple digit gains in around 30 minutes per day.
You can of course just trade breaks of resistance on a chart but you can add some momentum oscillators, into your trading strategy to time your trading signals better.We will look at the best ones to use and how to use them, in part 2 of this article series on breakouts for profit.
This method of trying to pick a low in advance is doomed to failure many traders think the way to make money in currencies is to predict where prices might go but prediction is really a guess as no one knows what millions and millions of traders will do in advance.
The best way to do is this clear, if you look at any Forex chart the best way to trade Forex is to trade a high odds confirmation of a trend being confirmed. All big bull trends start in the same way, they break through overhead resistance and make a new high furthermore, as the trend progresses the currency continues to breakout to new highs so to get in on all the biggest and best trends, you need to buy breakouts.
The more times the key with buying breakouts is to look for high levels of resistance that have been tested several times and the past and held.
The more tests and the wider apart they are on a chart in terms of time, the better the probability the breakout continuing in the direction of the break will be Ideally you should look for six or more tests and these tests, should also have at least two them six weeks apart or more so in conclusion.
Just under the level of resistance which has broken which now acts as support, breakouts are high reward low risk way of trading and stops are always close.If you only hit high odds breakouts you will trade a few times per month and be able to make triple digit gains in around 30 minutes per day.
You can of course just trade breaks of resistance on a chart but you can add some momentum oscillators, into your trading strategy to time your trading signals better.We will look at the best ones to use and how to use them, in part 2 of this article series on breakouts for profit.
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