Forex trend following is the best way to get a great second income or even get rich in Forex, yet very few traders do it or know how to do it correctly - let's take a look at how to do it correctly. Most traders try and day trade or scalp but the problem is short term volatility is random, profits per trade are small and they never cover there inevitable losses; this leads to a gradual erosion of equity and eventual wipe out. This form of trading also requires a lot of effort in terms of time and mental focus.
Forex trend following involves trading less, to make more money and if you look at a Forex chart, you will see how lucrative it is. The big trends, last for many weeks in duration and getting in on these trends and holding them, with leverage on your side can pile up huge gains.
So what is the best Forex trading strategy to use to get in on these big trends?
The answer is to buy breakouts to new chart highs; if you look at any Forex chart you will see all the biggest trends start and continue there trends from these breakouts, so to get in on them, all you have to do is buy valid breakouts.
So what is a valid breakout?
A valid breakout is a level which has been tested a number of times before it breaks and the more times it's been tested the better. Look for six or more tests and when the break comes go with it, your top loss protection is always close, just under the breakout point and the upside is huge in comparison. When you get in on the trend you simply look to hold it and the best breakouts, lead to trends that last for weeks or more.
You don't have to predict with breakout trading, you simply trade the reality of price change and get the odds on your side which means if you run your profits and cut your losses, you can make a lot of money over the longer term.
More Profits and Less Effort
You don't need to trade often to make a lot of money in Forex trading and riding just two or three good breakouts per month can easily make you triple digit annual profits in around 30 minutes a day so you make more money in less time and that's a great way to trade! Download your Forex ebook @
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