subject: Succesful Forex Trading Strategies [print this page] Below we will talk about forex trading strategies that have proved to make profits in a quick manner through an intelligent way of doing things, but the best
thing is that it is easy to understand and it is the one used by large trading companies throughout the whole world.
This process is not popular for new traders, but lets look at the logic so you understand the whole concept.
On any actual market trend chatt you will see big buy and loss price trends and you will also see they have a statistical history which can last for weeks, months
or even years.
This diverse forex trading strategies are based on how the trends start and continues throughout a determined time period, which has the following objective,
The objective is to get into the highest possible market trend, so you have a lot of ressistance and support from the market at that time, for the discontinuity it presents in its way but for that
you need to focus on buying high odds breakouts through strong chart ressistance levels.
This above forex trading strategies are pretty simple and if you look at the currency pair, you will see how profitable it can be however most traders ignore this strategy completely.
Why ?
People who are just starting off with forex and are trying to implement forex trading strategies they have seen and read in different placesl, work on prediction which means they want to know the exact low of a trend change
without even analyzing the ressistance and support of an actual currency pair over the time, which means they will be confirmed to fail 90 % of the times.
The person who wants to get in low and sell high cant take a breakout since he sees the move happen but can't buy it because, he thinks he has missed the start of the move and wants to get in at a better and lower price so what does he do?
He tries to wait for a pull back moment, and the truth is that point wont come back in the complete statistical period since it will have unpredictable movements. The trader has just lost a big forex trading strategy opportunity which would have
resulted in big profits.
The professional trader is interested in having the odds on his odds (the ones the breakout give him) and focuses not on what has happened instead he analyzes the different points and start of market trends ahead of him.
This forex trading strategies we have just outlined, will always work , as long as market trend exist (which will obviously never end) and you can be certain that not many traders trade breakouts since they dont have the professionalism or patience of analyzing and testing the different resistance levels.
