A Forex Trading Strategy - A Simple Method That Makes Big Profits From The Big Moves

This Forex trading strategy is simple to learn, easy to understand and even better, it makes huge profits in 30 minutes a day or less so let's take a look at it.

If you look at any currency pair, you will notice there are trends that last for weeks and months and these trends of course can make big profits and we will focus on them with this strategy; so how do we get in on these trends?

Take a closer look at any currency uptrend and you will see, it starts from breaking to new chart highs and continues its trend, by breaking to new highs.

If we focus our strategy on buying breakouts to new highs, we can get in on and hold the big trends. When buying breakouts you want to only buy the best ones, to increase your odds of success and this means buying breaks of resistance levels which have been tested a number of times.

While the minimum number is two, your better off to buy levels that have been tested at least five or six times, in fact the more times its been tested the better the break tends to be.

When a breakout occurs, stops behind the level are covered which causes a surge in price, then technical traders come in and push the price further from the breakout point and then retail traders come in and buy.

Now it's a fact that most traders don't focus on the big trends, they want to scalp a few pips but all they do is trade the noise of the market, get stopped out and lose.

Most traders also like to buy low and they want to predict market bottoms in advance but breakout trading doesn't do this; you always miss the start of the move (but that's ok as there is normally more profit to come) and the trader who wants to buy low, waits for a pullback but good breakouts don't pull back, they carry on and these traders miss the move.

Breakout trading may be simple but it's very effective and if you only trade the best breakouts, you can aim for triple digit profits. In addition, your stop is always close, as you can put it just behind the breakout point, so this Forex trading strategy always gives you great risk to reward.

You can add a few indicators into confirm momentum is rising, when the breakout occurs and you can learn some momentum indicators in just a few hours. We really like the RSI and stochastic, so look them up and make them part of your essential Forex education.

This strategy allows you to simply react to price action, will only take you a few weeks to master and you will then soon be trading and enjoying currency trading success, in just 30 minutes a day or less.