Here we look at the concept of following the price action in the forex market with the help of graphs and obtain large income in the currency of a simple and proven method. If you use currency introduction strategy in the application, you will see every major trend and profit, so let's look at it in more detail.
If you look at the graph of any currency pair, you will see big trends which last for weeks and these trends can give you a fantastic income, if you know how to get into them. The good news from the & # 39 are the big trends: all begin and continue in the same way – they break the increased resistance, and then move higher and is called breakthrough. If you make trading breakouts, you will have a simple and powerful method that simply watching the price action and launches you into all the big trends.
Of course, not every impact resistance will be watching the development of a new trend, and many will not be able to follow. To make a profit, you need to know, what breaks will offer you the best chance – before you enter your trading signal.
Most breaks – those who are after the level has been tested several times and has become significant for other traders. If the level was tested several times, traders will want to take the resistance and stop it. The greater the level tested, the more the stops lie directly behind resistance. When there is a break, stopping the trigger and push the price of the break point, then comes a new technical buying, which pushes prices away from a breakthrough and a new trend is born.
According to the number of tests before the break I like about 4 – 6, and ideally I want 2 of the testes were at least a month. A break, when it comes, even better, when most people believed that the currency should go the other way. The reason for these failures is better simple – the vast majority of traders always lose money, and is likely to be a lot of stops, if the resistance will give way and withdraw these losers from the market.
A simple method above, will allow you to make money, and not only allow you to trade in all major trends that will allow you to trade only a few times a week and get a three-time profit. If you want to succeed in currency trading, there is no better method than the trading breakout.