Here we will look at a simple Forex trading strategy which will make huge Forex gains. The method can be learned quickly and if you use it correctly, a triple digit income can be made in around 30 minutes per day – let’s take a look at it in more detail.
If you want to trade Forex the quickest way to learn is to trade with charts – all you will do is focus on price action and look to lock into and ride trends for profit. What you need to do to make money is to have, a simple entry method which gets you in on all the biggest and best trends. Now, we will look at a very simple entry method you can use.
If you study charts and look at all currency pairs, you will see how all the big trends start and they start – by breaking overhead chart resistance. When the trend is in motion after the initial breakout, it will continue to breakout to a new high, So what you need to focus on is to buy, when a resistance level gives way and ride the trend for profit. This is proven way to make money and many of these trends, can last for many weeks which can make you huge gains.
Most traders prefer to try and pick market bottoms and they lose money – but this method trades the reality of price change and puts the odds on your side. Your not hoping, guessing or predicting – your trading the reality.
The key to using this strategy correctly is to make sure, you are patient and selective in your trades and only trade levels of resistance which before a break occurs, have been tested and held firm in the past – so how many tests should you look for? Look for at least six or more tests, and when the level breaks get on board.
You won’t get many trades with this method, probably around 4 – 6 a month but these big breakouts, can make you triple digit gains and even better, you will spend no more than 30 minutes a day on this simple Forex trading strategy.