If you are looking for a simple method which is easy to understand and always makes big profits then the method enclosed is for you. If you use it, you will be in good company, as many of the world's top traders base their strategies on it, let's look at it in more detail.
Not many new traders use this method but don't let that bother you, most traders lose! We will look at why they don't use it in a moment - but first let's look at why the savvy pros use this method and see how they make huge gains with it and you can too.
The methodology is simple and based on the fact that Forex markets trend for long periods of time and the way ALL these trends start and continue, is by breaking to new market highs in a bull market and new market lows in a bear market.
Look at any chart and you will see this in all currency pairs, so all you need to do is trade breakouts to new highs and lows as they occur and you can make a lot of money It sounds simple and logical but most traders don't trade this way so why don't they?
The answer is most novice traders, see a breakout occur but they won't buy it because they want the price to come back, so they can get in at where prices turned up or down, so they wait and miss the trade. A good breakout, carries on in the direction of the break and these traders have missed a high odds trading opportunity and a great profit.
The pro trader knows, you cannot predict market tops or bottoms - so he doesn't try; he simply goes with breakouts and knows he has the odds on his side and furthermore, he knows that if he is wrong, his stop can be close behind the breakout point making this a low risk high reward form of trading.
In breakout trading, I know traders who lose 50% of the time yet they make triple digit gains because their gains are so much bigger than their losses.
When trading breakouts, the key to success is to make sure the level has been tested several times and really six or more tests is needed to create a good opportunity also, if these tests are wide apart in terms of time, this increases the odds of success even further. Be selective, with the levels you choose and only choose levels, the market participants feel are important.
Breakout trading is at the heart of many of the world's top trading systems and if you make it part of your Forex trading strategy, you can make triple digit profits in around 30 minutes a day.
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