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If you want to make big profits in just 30 minutes day, you should trend follow and get in on and hold the big trends which can last for many weeks or months. If you run these trends with leverage on your side, you can make triple digit profits, in just 30 minutes a day or less.
Most traders who enter Forex trading for the first time, think they can make regular profits, with low risk by scalping each day but all they do, is make a huge effort and lose; all short term price movement is random and sooner or later the traders luck runs out. The savvy trader, looks to trade less and make more money by long term trend following - so how do you trend follow correctly?
The answer is simple - all the big bullish currency trends start the same way, by breaking out to new chart highs and in addition, all big trends continue to break to new highs as the trend matures, so if you want to get in on the big moves and profits, you buy breakouts. All you need to do is look for levels that have been strong resistance in the past and wait for them to break and when they do, you have a high odds entry point for your trading signal. Look for Six tests or more before the break and you can be sure you will have the odds in your favor when the level finally breaks
You need to be patient and wait for these trades; you will normally get a few really good ones per month but if you trade them, the rewards can be huge.
Devising a breakout Trading strategy which can make huge gains is easy, all you need to understand are - the basic chart formations and add a few momentum indicators, to time your moves better and your all set.
The key to winning with Forex trend following is not to be tempted to bank to early!
Many traders snatch profits or move there stops to close and get stopped out. They have tried to restrict risk so much, they give themselves no chance of winning. When trend following hold your stop back outside of normal volatility and trail it slowly.
Forex trend following is easy to learn and time efficient and anyone can run their trading plan in around 30 minutes a day and make triple digit annual gains.
Article Source: http://EzineArticles.com/3208560
Most traders who enter Forex trading for the first time, think they can make regular profits, with low risk by scalping each day but all they do, is make a huge effort and lose; all short term price movement is random and sooner or later the traders luck runs out. The savvy trader, looks to trade less and make more money by long term trend following - so how do you trend follow correctly?
The answer is simple - all the big bullish currency trends start the same way, by breaking out to new chart highs and in addition, all big trends continue to break to new highs as the trend matures, so if you want to get in on the big moves and profits, you buy breakouts. All you need to do is look for levels that have been strong resistance in the past and wait for them to break and when they do, you have a high odds entry point for your trading signal. Look for Six tests or more before the break and you can be sure you will have the odds in your favor when the level finally breaks
You need to be patient and wait for these trades; you will normally get a few really good ones per month but if you trade them, the rewards can be huge.
Devising a breakout Trading strategy which can make huge gains is easy, all you need to understand are - the basic chart formations and add a few momentum indicators, to time your moves better and your all set.
The key to winning with Forex trend following is not to be tempted to bank to early!
Many traders snatch profits or move there stops to close and get stopped out. They have tried to restrict risk so much, they give themselves no chance of winning. When trend following hold your stop back outside of normal volatility and trail it slowly.
Forex trend following is easy to learn and time efficient and anyone can run their trading plan in around 30 minutes a day and make triple digit annual gains.
Article Source: http://EzineArticles.com/3208560
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