Forex Trading Monroe NY

Most traders try and trade short term and end up taking low odd trades and losing, whereas they could make more money and spend less effort, by catching and holding the big trends.

Local Companies

Jonathan Steiff CPA
(845) 783-0062
11 Ruzhin Rd Unit 202
Monroe, NY
Fink Waschitz Bachrach Levine & Schaeffer Llp
(845) 782-0013
28 Carpenter Pl
Monroe, NY
Siegler Richard J CPA
(845) 782-3840
11 Sunfish Ln
Monroe, NY
Weinberg Bruce A
(516) 826-7132
2255 Centre Ave
Bellmore, NY
Kaplan E Barry CPA
(585) 394-3101
3444 Poplar Bch
Canandaigua, NY
Richard J Siegler CPA
(845) 782-8715
11 Sunfish Ln
Monroe, NY
Automated Bookkeeping Services
(845) 783-4498
Benjamin Meadow Rd
Monroe, NY
Kotkin Stuart CPA
(845) 774-2207
1 Freeland St
Monroe, NY
Dobrichovsky Mel
(212) 977-4849
810 7th Ave
New York, NY
Reynolds Willard G CPA III
(518) 438-6972
26 Computer Dr W Ste 5
Albany, NY

Provided By:

Author: Kelly Price

Most traders try and trade short term and end up taking low odd trades and losing, whereas they could make more money and spend less effort, by catching and holding the big trends. Look at any Forex chart and you will see big trends and if you look closely, they all start and continue from new market highs or lows. If you buy or sell, breaks of important levels of support or resistance you can get in on all the big trends and make big profits.

Breakout methodology is timeless and will always work, as long as Forex markets trend.

You need to be patient when looking for good breakouts and look for levels that have been tested several times in fact, the more times the better. When these levels breaks, stops will bit hit and fresh technical buying or selling will kick in and push prices further from the breakout point.

Breakout trading allows you to get the odds on your side and you don't have to predict anything, you simply trade the reality of price change as you see it on a Forex chart. Most traders can't trade breakouts, they feel they have missed the start of the move and want to wait to get in at what they consider is a better level, but as we seen, when prices break through important levels, the trend continues and the trader waiting on the sidelines misses the trend.

If you are following big trends, you mustn't make the key error most traders make which is to trial stops to close.

If you want to stay in a big trend for weeks or months, you have to hold your stop back outside of normal volatility, so you don't get stopped out to soon. You need to accept short term dips in open equity, to make a big banked profit at the end of the trend, so be disciplined and patient.

I know traders who 100% or more per annum, trading just a few times a month; these traders are not interested in trading for fun, their trading to make big Forex profits, by hitting and holding the big trends. Long term Forex trend following using breakouts, is easy to do so make it part of your essential Forex education and get on the road to currency trading success.


About the Author:

NEW! 2 X FREE ESSENTIAL TRADER PDFS

ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential Forex info and more essential Forex Trading strategies visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://www.articlesbase.com/currency-trading-articles/forex-trading-catching-and-holding-the-big-trends-for-triple-digit-profits-850262.html

Related Articles
- Forex Trading Advice Monroe NY
If you want a simple piece of advice which can help you make bigger Forex profits then you should learn the 80-20 rule and apply it to your Forex trading strategy. Let's look at it in more detail.
- Legal Help on Forex Trading Scams Monroe NY
- Forex Trading Success Monroe NY
- Mechanical Forex Trading Profits Monroe NY
- Trading Forex Monroe NY
- Forex Trading Monroe NY
- Forex Expert Advisors Monroe NY
- Leaning Forex Trading Online Monroe NY
- Forex Robots Monroe NY
- Forex Education Monroe NY