Forex Trading Smithtown 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

Weller Bookkeeping Services
(631) 366-3870
3 Georgetown Pl
Smithtown, NY
Rocco Cirigliano CPA
(631) 656-5743
180 E Main St
Smithtown, NY
Corporate Accounting Solutions
(516) 486-1020
15 Bryant Ave
Roslyn, NY
William G Green CPA PC
(212) 332-8162
45 Rockefeller Plz Ste 2620
New York, NY
Paccione Michael J CPA
(845) 679-7150
76 Mill Hill Rd
Woodstock, NY
Global-View
631-351-1197
44 Arbor Lane
New York, AK
Futterman Aaron E CPA ESQ
(631) 979-9542
222 E Main St Frnt
Smithtown, NY
Cirigliano Rocco J CPA
(631) 361-6361
180 E Main St
Smithtown, NY
Independent Assoc of Accountants of Ny Inc
(716) 565-0848
5225 Sheridan Dr
Buffalo, NY
Look Enterprise
(631) 454-1400
30 Jericho Pl
Jericho, 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.


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