subject: Forex Trading Method - The Method The Pro's Use To Make Huge Fx Gains And You Can Too! [print this page] Here we will look at Forex trading method the pro traders use to make huge gains. This method doesn't require you to work hard or trade a lot which is great news and even better news is - it can make you huge gains in just 30 minutes a day. Let's take a look at the method in more detail.
Most traders simply don't use the methodology we are gong to look at here but that's no problem 95% of all traders lose money. Most traders think the way to win is to predict where prices may go in advance and believe the laughable message of cheap Forex robots but the reason most are so cheap is they lose money - period.
The savvy trader knows he can't predict and he can't catch the exact turn of the market but if he plays the odds he can make a lot of money and that's what this strategy is all about making money.
The method is based on how all long term bull trend start and continue - they break through overhead resistance and make a new high. Look at any chart of any Forex pair and you will see this is true.
So rather than predicting a price change, you wait until it happens and then you jump on board and if the break is a good one, you have huge profit potential and low risk. Of course not all breakouts follow through so how do you pick the ones with the greatest chance of success?
There are two points you need to keep in mind.
You want levels which have been tested several times before the break and have held and the time distance before between the test is also important; you should look for at least four tests or more and at least 2 of these tests should be more than 4 weeks apart. Generally, its the more tests and the wider they are apart the better the odds of success are.
You can use some momentum indicators in your currency trading strategy to help you see of the strength of price is increasing as the breakout occurs but you only need a few - don't use to many or you will get conflicting signals. Keep you Currency trading simple and robust and don't try and be too clever or your strategy will have too many elements to break.
Breakout trading works because markets trend and if you think about it, they always will. The Pro's use this trading strategy and it's easy to learn, understand and have confidence in so learn to trade breakouts and you can enjoy currency trading success.
