Enclosed, you will find a Forex trading strategy which works, produces the biggest profits and yet, most traders don’t even consider it! If you do, you will catch every big trend and be on the way to making a triple digit income in around 30 minutes a day – let’s take a look at it.

Most traders don’t focus on the long term trends, they simply want to try and scalp small profits and end up losing and in addition, they don’t know how to enter their trading signals correctly and fail to make money. This strategy combines, making money from the big profitable trends and using a simple method, to time your trading signal with greater accuracy.

First before we look at the strategy, lets look at the logic its based on and it’s simple:

Big trends last a long time with many lasting weeks or months in duration and in some instances these trends last years. You will notice that in all big bullish trends, they start by breaking to new chart highs and the trend continues, by breaking new highs; so if you buy breakouts of important resistance levels, you can make a lot of money.

So why don’t the majority of traders do this?

The answer is simple – most traders are locked in the mindset of “buying low and selling high” they want to predict the turn and get in at the start of a trend but there is a problem with this mindset because it involves prediction and it’s really just hoping or guessing and leads to losses.

Forget all those people who tell you, that you can predict Forex prices in advance – you can’t.

If you really could and there was an order to currency movement, we would all know the price in advance and there would be no market.

If you trade a breakout to a new high, you are not predicting anything, you are trading the reality of price change and that means you will have the odds on your side and sure, you won’t win every trade but if you run your profits and cut your losses, you can make huge gains over time.

To hit a good breakout, look for a level which as been tested a few times before the break occurs and it’s the more times the better, in terms of getting the odds on your side and we look for six or more tests.

As soon as the break occurs – put your stop protection below the resistance level and wait, if its a good break, it will continue and move away from the breakout point and carry on, if it doesn’t your stop is tight so you have low risk.

This method may sound easy and it is, you just have to have the mindset to get into a trend in motion and forget about predicting; if you do this and you focus on long term trends, you can easily make triple digit profits in around 30 minutes a day or less.

Learn to trade breakouts and you will make more money in less time and that adds up to a great way to trade.

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What are the best Forex trading techniques to use to enjoy Forex trading success? In this article we will look at some time tested techniques, you can easily apply for bigger Forex profits.

All the best Forex trading systems are simple and yours needs to be simple too, if you make your trading system to complex, it will simply break in the brutal world of trading now, lets look at some techniques you can put into your Forex trading strategy to make it successful.

The first Forex trading technique you need to become familiar with is basic technical analysis and learning how to read simple bar charts. You need to be able to spot areas of support or resistance that are important. The bar chart gives you a visual picture of the trend and once you have this, you can decide if levels of resistance are going to hold or break but how do you this?

If you want a simple Forex trading technique which works and will continue to work simply watch for significant levels of support or resistance to break and go with the break. You don’t have to guess or predict you simply trade the reality of the price break and go with it. This method is simple and effective and if you look at any currency chart, you will see all the big trends start there trends from these breakouts and also continue there trends from them so its timeless, easy way to make some great profits.

You need to look for levels that others traders consider important so look for levels that have been tested between four and six times and in breakout trading, its the more tests the better. Most traders don’t trade breakouts, as they want to buy high and sell low but this is simply not possible in Forex trading and involves prediction which is just hoping or guessing. If you trade breakouts, you let the market tell you where prices are going and trade the reality of price change; this method therefore, will get you in on all the best trends and profits.

You can put your stop close below the breakout point and then you need to learn another key Forex trading technique which is how to cope with volatility and stay with the trend, by learning how to trail your stop correctly.

Most traders try to restrict risk too much and end up creating it. If you look at the big trends they last a long time and you must have the confidence and the courage, to hold your stop outside of normal volatility.

A good way to do this is to trail your stop behind a key simple moving average and the 40 day MA is an excellent one to use. Sure, you give a bit back at the end of the trend but you have too as no one know when a big trend will end. Always keep in mind, if you caught just 60% of every major trend you would make a huge amount of money.

You must accept short term dips into your open profit, to stay with big trends and most Forex traders are not capable of using this Forex trading technique. They always want to have their stop to close and get stopped out with a minor profit, when they could have had a huge one.

Acceptance of short term open equity dips is essential to making money long term, so make sure you never place a stop to close and keep your eye on the big profits from the big trends.

If you learn breakout trading and how to trail your stops correctly, you will have two Forex trading techniques which you can put in your Forex trading strategy and enjoy some great Forex profits.

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There are many Forex trading mistakes and in this article, we will outline 6 common ones which see traders lose. You must avoid these mistakes if you want to enjoy long term currency trading success, so lets take a look at them.

These mistakes are in no order of importance, make any of them and you will soon join the majority of losers – here they are:

1. Trusting Cheap Forex Robots and Expert Advisors

Anyone who believes that these cheap pieces of software will make money is mistaken – they all lose, that’s why there sold so cheaply. If you want to win at Forex trading, you need to make an effort and learn skills – its as simple as that.

2. Trying to Predict Prices in Advance

When you learn to trade, never fall for the numerous people who tell you that you can predict prices in advance – you can’t. If you want to win, use a simple strategy that’s based on the reality of price change. Sure you miss a bit of the move but by confirming the move first, you put the odds in your favour and that means, a lot of profit to come.

3. Trading to much

Many traders think the more they trade, the more they will make but the exact opposite is true. The scalper or the day trader simply ends up taking low odds moves and losses. The smart trader, trades the high odds big trends; he trades less and earns more. Always remember, you are judged on profits made not the effort you put in!

4. Working to Hard

This is related to the above point and it’s true – you don’t get any reward for working hard. Forex trading is simple and you don’t need to make it complicated, you can learn Forex in a few weeks and soon be making big profits in just 30 minutes a day.

5. Poor Money Management and Risk Control

Most traders forget, this is the basis of any successful Forex trading strategy, you simply must place stops and keep your losses small. Most traders cannot do this and constantly let losses run or chop and change strategies and lose. If you want one bit of essential Forex education it’s – your going to have losses, so take them cheerfully and keep them small. Poor money management is generally linked to the key trait all traders need to win and it’s discipline.

6. Not Trading With Discipline

You must have the discipline to follow your trading plan, if you don’t you simply don’t have a plan and will lose. Discipline means keeping your emotions out of your trading and leaving your ego behind. You take your losses and then have the courage to run your profits. Discipline comes from a sound Forex education which leads to confidence and from confidence comes discipline.

You Can Win at Forex Trading

Anyone can win at Forex trading but traders continually make the above mistakes, if you can avoid them and get a good education, you could soon be earning a great second income in around 30 minutes a day.

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Forex trading robots are without a doubt the hottest topic in the Forex industry at the moment. Almost every week a new robot is launched and the creators of the most popular products literally have thousands of traders using their products on live forex accounts at the moment. So, what are forex robots and why are they so popular?

Forex robots became a reality a couple of years ago thanks to the Metatrader forex trading platform. Apart from being a trading/charting station used by many brokers, Metatrader also comes with a programming language called MQL4, which allows you the trader to write your own custom indicators and trading systems (called expert advisors). Expert advisors can be written so that it places trades without any human intervention. For example – let’s say you are a daytrader and you normally use a simple moving average crossover trading strategy to trade the EURUSD pair. Using the MQL4 language and, you can write an Expert Advisor for Metatrader that will automatically place trades according to your rules and this program can run 24×7 on complete auto pilot.

Another great thing about Metatrader expert advisors is the fact that you can backtest it against years of historical data at the click of a button. You can download historical data from a data source like Alpari and use the built in Strategy Tester tool of Metatrader to do a backtest of your Expert Advisor. Something that can take you weeks with a manual trading system takes you less than 5 minutes with a Forex robot. Forex robots also make it easy for your to forward test..once you have purchased the program, all you need to do is open a free demo account with a broker and let the robot run 24×7 to do its thing.

Finally, it is important to understand that there are many Forex robot scams out there, so be prepared to do some research first before spending money on a product and always test a product on demo account first before investing any real money in it.

For more information, see my reviews of the Top 5 Forex Trading Robots at my Forex blog.

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