Forex Trading New York

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

The Berkshire Bank
845-294-6151
P.O. Box 469 ,2 South Church Street
Goshen, NY
Ulster Savings
(845) 338-6322
180 Schwenk Drive
Kingston, NY
Empire State Bank, NA
(845) 256-0003
275 Main Street
New Paltz, NY
Chimera Capital
(646) 416-6650
80 5th Ave Fl 3
New York, NY
Fortune Futures Llc
(718) 339-5970
3019 Avenue J
Brooklyn, NY
TD Banknorth
845-294-5195
15 Matthews Street
Goshen, NY
Forex Traders of New York
(347) 735-5161
244 Fifth Avenue Suite #1432
New York, NY
Bank of America
(845) 255-6830
1 New Paltz Plaza
New Paltz, NY
M & T Bank
(845) 255-7100
191 Main Street
New Paltz, NY
Dow Jones Nyse
(212) 514-8671
11 Wall St
New York, 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:

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