Best Forex Trading Method - To Help You Make a Time Triple Digit Income in Just 30 Minutes a Day
Best Forex Trading Method - To Help You Make a Time Triple Digit Income in Just 30 Minutes a Day
Here we are going to give you the best Forex trading method for making profits in just 30 minutes a day. If you have a full time job, this is the strategy for you and is easy to understand and apply and best of all it makes huge gains.
The strategy we are going to look at only trades a few times a month but it makes huge gains because it focuses on getting into the big long term trends which make biggest profits. Most traders think the more they trade, the bigger their profits are likely to be this assumption is false.
All these traders do is do a lot of work take low odds trades and lose. If you want to make money, trade less and make more! The big trends last for months and of you can lock into them, you will make bigger profits and spend less time trading - so how do you lock into them?
All big trends start and continue in the same way and if you look at any currency pair you will see the way to make money is to buy breakouts of overhead resistance - ALL big trends start this way so if you buy the best breakouts you have huge profit potential.
When a currency breaks overhead resistance it means the supply and demand equation has turned bullish. If you go with the break, you will have the odds on your side and could be getting in on a trend which will last for weeks or months and all you have to do, is hold it and watch your profits grow. If you trade these big trends, with leverage on your side your profit potential is enormous.
If you trade breakouts, your risk to reward is excellent. your stop is put just under the resistance level which has given way and if you are trading big breaks, your reward is very often ten to twenty times, the risk you have taken which means you can make massive gains.
The real way to succeed with this Forex trading method is - only to trade levels of resistance most traders are looking at and preferably, most traders should be bearish when a bullish break occurs. This is because, the majority of traders lose money so it's good to be opposite to the crowd!
In Part 2 of this article series, we will look at not only how to spot the best high odds breakouts but also look at how to use volatility and momentum indicators, to time your trades with laser accuracy.
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