Here we will look at the best Forex trading strategy for making the biggest possible amounts of profit in the least amount of time and the good news is anyone can master this great method for Forex trading success.
Many traders think they can make money with no effort and buy a cheap Forex robot and lose, while another group think the more they learn and the more often they trade, the more profit they will make and this group is wrong. In Forex trading there are no rewards for hard work or a college education, you get your reward for being right and that means working smart – not hard.
If you want to make the really big profits, forget about scalping and day trading, this is a lot of effort, with the odds against you and instead, focus on the big trends that last weeks or months, these make the big profits and you need to get into them.
The good news is – ALL big trends start and continue, by breaking to new market highs – so buy some good breakouts. With this method you can lock into the big trends and then sit back and wait for the trend to unfold.
Do most novice traders do this?
Of course not – but that really shouldn’t concern you , as most traders lose money. These traders are focused on, predicting exact lows and highs and fail to see, that this is just hoping or guessing and they lose. They refuse to buy breakouts, because the move has started and want a dip in price, to get in the trade but prices don’t come back on the best breakouts and the trade is missed.
Forget about being perfect and what you may have missed and think about, what you could gain by buying these breakouts and if its a good breakout it’s a lot of money!
When buying breakouts be patient and selective, only trade a level other traders or the news says is important, because when the level breaks the breakout will probably continue. Look for a lot of tests ( the more the better) and also look for at least two tests, to be a few weeks apart in terms of timescale. If you do this, when the breakout comes the odds are in your favor.
With this method, you can trade a few times a month and spend just 30 minutes a day working, for a triple digit return and that makes this strategy in my view the best Forex trading strategy. Learn to trade breakouts and you have a quick and easy to learn method which piles up huge gains.
By: Kelly Price
Posts Tagged ‘30 Minutes’
Best Forex Trading Strategy – For Making Big Profits in 30 Minutes a Day!
November 1st, 2009Forex Trading Strategy – The Best Strategy to Make Triple Digit Gains Quickly!
April 28th, 2009
Do you want a Forex trading strategy that works, is easy to understand can be mastered in a few weeks, can get you in all the best trends and profits , be learned in a week or two and applied in around 30 minutes a day? Well read on and you will find a system that can lead you to currency trading success.
Before we look at the strategy, lets look at one of the biggest myths of currency trading and it’s this – Forex prices can be predicted in advance. This is believed by most new traders and its rubbish because if they could, we would all know the price in advance and there would be no market.
This message is sold by vendors of cheap software packages, who claim you can make money with no effort, with their predictive software and what happens? The predictions of the software are as accurate as your horoscope and the user losses.
Now the savvy trader knows, the best way to trade Forex is to trade the reality of price change and NOT predict and he simply trades breakouts to new market highs – why?
Because if you look at any Forex chart, you will see that this is the way all big trends start and continue from these breakouts and if you don’t believe me, look at a chart and you will see it happen in every currency pair.
Most traders can’t buy a breakout, because they want to predict and a breakout doesn’t allow you to do this, you miss the first part of the move but that doesn’t matter – why?
Because if it is a break of a level of resistance which has been firm in the past, the odds are, that the trend will continue in the direction of the break. Sure this trader misses the start of the move – but he has the odds firmly on his side and huge profit potential ahead of him.
Breakout trading is at the heart of some of the world’s top trading strategies and if you want to make a lot of money you should include this methodology in yours.
So learn to trade high odds breakouts and you will have a Forex trading strategy which will always work and can make you huge Forex profits in 30 minutes a day.
By: Kelly Price