Here we will look at a profitable Forex Trading Strategy the pro traders use and you can too. The strategy is simple to understand and will get you on the right side of all the big trends and profits.

Before looking at the strategy, its worth noting that – the vast majority of traders don’t use it but as the vast majority lose, you needn’t let that worry you. Lets look at the strategy and unlike many others, it doesn’t try and predict turning points in advance ( which is impossible but most traders still try and lose) it simply trades the reality of price change on a chart.

The strategy aims to get in on and hold long term trends which last a long time with many of the trends lasting weeks or months in duration. If you look at currency pairs, you will notice that any currency that enters an uptrend does so by breaking to new market highs and then as the trend progresses, it continues to break to new highs on its upward path – so the way to get in on all the big trends is to buy these breakouts.

Most traders find buying breakouts hard, because they have missed the start of the move and want prices to come back to a lower level, so they can get in and what they feel is a better price. The problem for these traders of course is the best breakouts carry on and move upwards quickly and the trader who is waiting for the lower price, never gets in on these great moves and profits.

When a currency breaks strong resistance, the odds favor a continuation and you simply get on board, no predicting is needed, you simply get in on the trend when the odds are in your favor and wait for it to carry. If it doesn’t carry on, you have low risk as your stop is very close – just below the level that has broken.

When trading breakouts, look for levels which have been tested a few times and the market is watching and when it breaks, simply get in the move. The minimum number of tests for a breakout is technically two but we like a lot more – six plus or even in double figures, to increase the odds of success.

If you want to get all the big trends and make the best profit potential, with the the odds of success on your side, trade breakouts and start making some great profits from the big trends in around 30 minutes day or less.

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This Forex trading strategy is simple to understand, easy to apply and catches the big profits from the really big trends in around 30 minutes a day. Anyone can learn this trading method quickly so let’s take a look at it.

Most traders never focus on the big long term trends but if you look at a Forex chart, there are trends which last for many weeks or months and if you catch these trends, with leverage on your side you can make huge gains.

So how do you get in on these great long term trends?

If you look closely at any currency pair, you will see that most of the big trends start from breakouts to new market highs and they also continue from them.

The way to make money therefore is to get on and hold the big trends, by buying breaks of resistance. It’s simple, its logical and it works but most traders don’t do it, before we look at how to make money at breakout trading, lets see why most traders ignore its profit potential.

The reason is simply most traders are obsessed with predicting the market in advance they want to buy low and sell high. When they see a breakout, they have missed the first part of the move and want to wait for a pullback to get in but the best breakouts don’t pullback and this trader misses the move.

The experienced trader doesn’t care about predicting or missing the start of the move and why would they? The best breakouts continue and pile up big gains, these traders are not interested in perfection, just making money and that of course is the aim of any Forex trader.

So what are good breakouts?

You can trade breakouts of any level which has been tested at least twice but not all breakouts continue in the direction of the break; the ones that do, are the ones which are considered important by the market and these are normally at least six tests, when breakout trading keep in mind the more tests the better.

You will normally get a few good breakouts each month and I know traders, who trade once or twice a month and earn triple digit annual gains and you can too.

Breakout trading is very low risk because your stop is always tight (just below the breakout level) so if your wrong, your out with a small loss and if the trend runs, the profit potential is huge.

Breakout trading can be done without indicators but we like to use a few to confirm price momentum is accelerating as the breakout occurs, to increase the odds of success and we will look at some of these, in the next article in this series.

As long as markets trend, breakout trading will work and make money. It’s so easy to understand and apply, that any trader can quickly put together a breakout trading strategy and make big gains in 30 minutes a day or less.

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The forex can provide an exciting and potentially very lucrative opportunity that is now available to anyone thanks to the internet. There are many online courses that also offer online forex mentoring programs available that can teach you to be a profitable trader. There are a lot of different techniques and strategies for trading and the key in finding a mentor is to find one that will teach you the right things that will be appropriate for you as a beginner.

A big mistake a lot of new traders make is put too much priority in trying to find a mentor who will teach them the right trading strategy. It is important to have a good trading strategy but as a beginner putting too much focus on finding the right strategy can be a trap.

No trading strategy is going to do you any good until you can develop the discipline and trading habits that it takes to be a successful trader. Most traders get caught up in the idea that if only someone will teach them the right strategy then they will be a success. Most of them spend their entire trading career jumping from one trading strategy to another. Since they never learned the right habits and discipline they never experience the success they are seeking.

Without the proper habits no trading strategy is going to do you any good. So if you want to find a forex mentoring program find one that will put most of the focus on your trading habits and teach you to become a disciplined trader.

It will be important to learn some trading techniques but as a beginner just pick one that you like and start practice trading it on a demo account. Don’t worry about whether it is making money or not in the beginning. At this time you are just developing your habits as a trader so just focus on trading the system consistently and keeping your emotions out of your trading decisions.

There is a lot of money to be made with the forex. Just be patient and practice your skills. After you can trade with discipline then you can put more focus on finding the right strategy. After you can get consistent gains on your demo account over time then you can consider trading real money.

For many traders this process can take several months or even years. Just like most professions these skills take time to develop. Many new traders make the mistake of thinking they will make money right away. But it usually doesn’t work that way. If you want to make money right away you will be better off letting an automated forex expert advisor trade your account for you. An expert advisor is a program, sometimes called a robot, that you install into your trading platform and it will trade for you automatically.

These programs already have the discipline and if they are based on a time tested system they can pull some amazing profit.

Watch the forex robot that I use trade the forex live and see how automated forex trading can make money for you on autopilot.

http://forextradecurrency.com

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