by K Price
The Forex trading system enclosed is easy to learn and will always work and its a great way for novice or pro traders to make huge gains in just 30 minutes per day, lets take a look at it.
Here are two things you can see on any Forex chart:
1. Markets trend for long periods of time in the same direction and these trends can sometimes last years.
2. Any currency that trends will start its trend from breaking overhead resistance and continuing to do so as the trend develops
If you buy breakouts of strong resistance levels, you can therefore make a lot of money. Before we explain how to do this, its worth pointing out that despite the above being a great and way to make money, most traders don't use this strategy to make money.
Most traders want to wait and want the price to come back to a lower level so they can get in at what they see as a lower and better price however but on the best breakouts you will wait in vain because, on good breakouts you simply don't get a pullback.
The traders who won't trade breakouts just can't bring themselves to buy a trend in motion but the old rule applies - a trend in motion is more likely to continue than reverse and in terms of the best breakouts, this statement is very true!
If you go with the breakout,you will still make a huge profit and it doesn't matter you missed the exact low, as you can still make huge profits.
Not all breakouts continue and you need to buy the ones with the highest odds of success. To do this, you need to find levels of resistance that are considered important by traders and that means a lot of tests before the break.
You should look for numerous tests (at least 4 plus) and the more times a level is tested, the higher the odds of the breakout continuing will be.
If you are patient and only go with the best breakouts and hold them, you can make triple digit profits working just thirty minutes per day.
Breakout trading is easy to understand and will continue to be a great way to trade as long as markets trend and that will continue as markets have trended since trading began.
If you want to make bigger profits with less effort, learn to trade breakouts and get on the road to currency trading success.
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