Currency Trading Profits – A Simple System Making Millions
Here we will reveal a system for currency trading profits, which has a logic
that is so simple, ANY trader will see why it works, and why it will continue
to work, as well as how they could be making big currency trading profits too!
If you use this system
in currency trading, you will have the potential to catch EVERY major currency
trend.
We have all heard this
investment wisdom: "To make money buy low sell high"
However there is a better
way to make big currency trading profits and the wisdom here is: "Buy high
and sell higher"
This will become clear
with some explanation:
Ignore Traditional
Investment Wisdom if you want the Big Profits!
If you want to
"buy low and sell high" you have to guess where a market is going to
bottom and this is not easy. You are trying to PREDICT where a trend might
start - this very often means the market goes lower and you lose.
Investors and traders
are taught to "buy low and sell high" but when a huge move starts
they watch and wait for the pullback - it never comes, the market simply goes
higher, and they never get in.
The problem with this
traditional investment wisdom is you end up trying to pick market bottoms, and
try to get in on pullbacks, but when a market trades higher quickly, you miss
the move.
This sees traders lose
on trying to pick bottoms – they don't make the profits they could have made
from the big moves.
Breakout Systems are
the Best for Catching the Big Profits
A breakout system does
not try to predict a market bottom - it waits for CONFIRMATION.
It will wait for a
market to break above a recent high, (resistance) or break below a market low,
(support) if these levels are broken, a move will start, and astute traders
ONLY trade the break - they don't try to predict.
You can make big
profits on these breaks - look at any currency you like: Japanese yen, Swiss
Franc, British Pound, etc. and you will see huge moves from breakouts.
The Best Risk Reward
The breakout point
provides the best risk to reward, to enter the trade.
Why? Lets take a
hypothetical example:
The British Pound has
traded up and tested resistance at 1.85 several times, and is currently trading
at 1.70. The market rapidly trades up to 1.85, and immediately breaks to the
upside, and quickly goes to 1.95
What has Actually
Happened?
When the critical 1.85
area gives way, traders with stops on their short positions, start to cover,
and new traders enter the long side of the trade. This causes a huge surge in
price - as the area of resistance is so important.
If you are positioned
to get in as the breakout occurs, your risk is low, and reward high.
Many traders don't want
to do this - they feel they are "chasing" the move, and want a
pullback - it never comes, and they miss the big profits.
Keep in mind the old
saying:
"A trend in motion
is more likely to continue than reverse"
Check Your Charts
Most of the big
currency moves in history have started with breakouts on the chart, then a huge
quick move to the upside - with no PULLBACK
Big Currency Trading
Profits can be yours!
Here we have looked at
the concept, and why it's successful, and you can see how uncomfortable it is
to do - and that's exactly the reason it's so profitable!
Breakout Trading is
Simple
All you need to use to
trade breakouts, are traditional charts - and have some confirmation signals,
to help you filter "true" from "false" breakouts - such
indicators as RSI and Bollinger bands, are examples.
Astute traders are
making huge profits every day from this simple method and you can too.
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