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Forex Trading Tip - A Simple Method to Catch All the Big Trends and Profits

This is a discussion on Forex Trading Tip - A Simple Method to Catch All the Big Trends and Profits within the Forex Beginners forums, part of the Forex University category; Here we will give you a simple Forex trading tip which will help you catch all the big profitable trends ...


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  #1  
Old 12-24-09, 10:58 AM
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Join Date: Dec 2009
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Default Forex Trading Tip - A Simple Method to Catch All the Big Trends and Profits

Here we will give you a simple Forex trading tip which will help you catch all the big profitable trends and ride them for huge gains. Most traders fail to use this tip but don't let that bother you, most traders lose money. Lets take a look at how to make some great Forex profits.

Do you know how every big bullish Forex trend starts and continues? The answer is it breaks to new market highs on a chart and as the trend matures and progresses, it keeps breaking out to new market highs. If you want to get in on the big trends, then buying breakouts is a sensible methodology, to incorporate in your Forex trading strategy but do most traders buy breakouts? No they don't!

So why, if it's such a great way of trading do most traders ignore this timeless way to make money? The reason lies in the fact, they believe that the way to make money in Forex trading is to predict when a low might occur; these traders are always looking to buy into support and try and catch the exact turn and start of a trend. The problem with this of course is - Forex markets cannot be predicted and these traders are simply hoping and guessing and lose.

These traders when they see a breakout, can see a trend in motion but they can't buy the break, because they are fixated with buying the low so their attitude is: Ok the trend has changed but I had better wait for prices to dip back to a lower level so I can get in at a cheaper and better price. The problem is, prices simply carry on in the direction of the break and the trader who wanted to get in on a dip, misses the trade and a great profit opportunity.

Making money in Forex, does not rely on you buying every low, it means making money from a trend and if you caught just 50% of every major trend you would be rich! The winning trader whom buys a breakout doesn't predict, he trades a high odds set up and focuses on the profit potential ahead of him, NOT the little but he has missed.

Breakout trading works and will always work, so look for levels which are considered important by other traders and have been tested a few times before the break then, use one or two momentum indicators to time your entry and you have a robust Forex trading strategy which will always make money. Discover breakout trading, get the odds on your side, focus on the big trends and you are on the way to a triple digit income, in around 30 minutes a day or less.
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  #2  
Old 05-04-10, 09:29 PM
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Join Date: May 2010
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That is very interesting and useful. So do you know any EA's with double or triple indicators that focus upon break-out trading strategy? Thanks!
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