Best Forex Strategy Ever – The Best Strategy For Making Huge Gains in 30 Minutes a Day!

August 17, 2010 by  
Filed under Forex Trading Strategies

Best Forex Strategy Ever

Here we will look at a Forex strategy anyone can learn and can make big profits with; the strategy is based upon timeless logic and will always work – Lets take a look at the strategy in more detail.

Most Forex traders ignore this strategy yet, most professional traders use it and its based upon the logic which you can see on any currency chart that all the biggest and best trends, start by breaking resistance to new chart highs. If you buy breakouts you can make a lot of money but why does the amateur Forex trader not do this?

The reason is simple, they want to get in low and sell high but that means you have to predict and that’s doomed to failure – Forex prices cannot be predicted. When a breakout occurs you have missed the low but that’s no problem, the odds are on your side and if the break is a good one, you will see a huge move. So how do you spot good breakouts? Best Forex Strategy Ever

When trading breakouts, you need to be aware that the more times a level is tested before the breakout happens, the bigger and better the break will be. So look for strong levels of resistance with a t least 6 tests before the breakout. In addition, the time between the tests adds validity to the move. Ideally, at least two of the tests should be at least 2 months apart. In conclusion the more tests you have and the further they are apart in terms of time the better the odds of success.

Because markets trend, breakout trading will always be a sound way to make money and you don’t need to make your Forex strategy complicated. I trade breakouts, using just support and resistance and a couple of momentum indicators to confirm and that’s it. We will look at the best momentum indicators in the second part of this article series in more detail.

In conclusion, if you want a simple, logical and highly profitable Forex trading strategy, you should trade breakouts and if you do, you can make huge gains in just 30 minutes a day. Best Forex Strategy Ever

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