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If you are looking for some Forex trading advice, to get you on the road to success then you should use this simple strategy the pros use to make huge gains; while incredibly simple and logical most novice traders ignore it but don't let that worry you - most traders lose! Let's look at how to make money the way the pros do. It's a fact that all big bullish trends start and continue in the same way and you can see it on any currency chart - they start by breaking out to new chart highs and the trend continues in this way. So a great, high odds way to get in on all the big trends and profits is to buy these breakouts. It's simple and logical, so why don't most traders do this? They don't buy breakouts and this is due to a myth they believe which is you can predict FX markets in advance and buy exact lows and sell exact highs. Of course this is nonsense and prediction is really only hoping or guessing but traders continually try this method and lose. In fact, these traders often see a breakout and see a new trend emerging but do they buy the break? Of course not! They want prices to pullback so they can get in at a better price but these breakouts carry on and the trader waits in vain. So how do you buy breakouts? The answer is not every breakout continues so you need to be selective and only buy levels that have been firm in the past and other traders consider important, when the level gives way, stops are hit and new technical buying comes in and a big trend develops. When trading breakouts to new highs, the more times the level has held in the past before the break the better. I like at least 6 - 8 tests and it's even better, if some of these tests are weeks or months apart in terms of time. With breakout trading, you don't catch the exact bottom of the move but as that's not possible anyway there is no need to worry about that; what you focus on is the odds are on your side and the huge profits that are ahead of you! Forex trading is all about making money and the Forex advice in this article is to buy breakouts and if you do, you will get in on all the big trends with the odds on your side and make huge gains and that's what all FX traders want to achieve. NEW! 2 X FREE ESSENTIAL TRADER PDFS
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