The Best Strategy For Huge FX Gains Anyone Can Use

Many people spend their time buying worthless Forex robots which don't work, trying to predict price movement in advance, when it can't be predicted or building complicated strategies to beat the market and they lose. Here is a simple Forex trading method which simply lets you trade price action which anyone can learn and even better, it will get you in on all the big trends and profits - let's take a look at it in more detail.

How do big Forex trends all start? Ask most traders this and they can't give the correct answer so the answer is - ALL big currency trends start by breaking out above resistance and continue there trends by smashing through overhead chart resistance and this means, that to get in on all the best trends and profits - you should buy breakouts.

When you are trading with a breakout strategy you don't predict, you simply trade price action and the reality of the break and by it's very nature, if you trade the high odds breakouts, risk is low and profit potential is high. Your stop is below the breakout point and if you are trading a good one the reward can be 10 times or more what your risk is.

So what breakouts should you look to trade?

You should be selective and patient and look for levels other traders feel are important and in most instances, the more times the level has been tested and held before the breakout the better. You also need to be aware of the distance between the tests in terms of time and as general guide, the wider the tests are apart, the better - so look for at least six tests and two should be at least a month or two apart - wait for the level to give way and enter your trading signal.

You can trade just a few good breakouts a month and make triple digit gains and you don't need to make your Forex trading strategy any more complex, than using resistance levels and a few momentum indicators to confirm the move and you will increase the odds of success even more.

The logic of breakout trading is easy to understand and learn and you can then, put together a simple Forex trading system to catch the big breaks and big profits and start making a great second income, Breakout trading is simple but it's also very profitable and if you want a Forex trading method for big gains, you should consider it.