Tripled Your Digit Income
The simple Forex trading strategy enclosed, works and will always work and if you use it you can make triple digit profits in around 30 minutes a day – let’s take a look at it in more detail.
If you look at bullish currency trends, they can last for weeks or many months and if you want to lock into them you need to know how to do so and get the odds on your side and there is a simple way to do this. If you look at any big bullish currency trend, you will notice that it starts by breaking to new highs and as the trend matures and develops, it keeps breaking out to new highs.
If you want to get in on all the best trends with the odds on your side, you should buy high odds breakouts and we will look at how to do this in a moment but first, lets see why the majority of traders don’t use this method.
The reason is they want to buy the exact low and when a breakout has occurred you have missed the low. Instead of focusing on how much profit could be ahead as the trend develops, most traders wait for a pull back in price, so they can get in at the level they want but its no surprise to learn, that the best breakouts don’t come back – they carry on and this trader has missed a great trading opportunity.
If you want to join the elite minority of winners, you should buy breakouts but you need to be selective in the ones you choose – so which are the best breakouts to buy?
A good breakout is one which punches through a level which has held firm in the past. While in theory you can trade a breakout of two previous tests, you should look for more and the more times the level has been tested in the past, the better the break should be. I like at least 5 tests and normally like them at least a few weeks apart in terms of time. In terms of time, you should look for at least two of the tests, to be several weeks apart and the wider the time period, the better the odds are likely to be, of the breakout continuing when it occurs.
Breakout trading is simple to understand and easy to do and if you focus on the high odds trades you can easily make a triple digit income in around 30 minutes a day.
Article Author : Samuel Leslie Berkovits
