Trading Breakouts

Discussion in 'Forex - Currencies Forums' started by Alex007, May 10, 2020.

  1. Alex007

    Alex007 Senior Investor

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    Trading breakouts is a successful trading framework in case you can manage your risk reasonably. A breakout can be recognized by looking an esteem rooftops or resistance and esteem floors or support. Exactly when esteem breaks, closes, and holds for a time period above resistance or underneath reinforce a breakout has happened. A breakout suggests a move in the market where one side, bulls or bears, has lost the battle, and the side for the breakout is going to takeover. For breakout trading good broker is important. Some brokers make fake candles. That's why I have chosen XeroMarkets broker. It doesn't make fake candles.
     
  2. Brentwood

    Brentwood Senior Investor

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    The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
     
  3. Linda Smith

    Linda Smith Senior Investor

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    Both experienced and knowledge are important. Actually, they both are related to each other. Education is a must for forex trading as it is a work of professional. To become a professional you need knowledge. You have to reliably sharpen your trading learning if you have to stay long around here. And experience comes when you educate yourself. I am trading with TP Global FX, a regulated broker. It provides me a wide range of services including low spreads, 1:500 leverage, and instant trade execution.
     
  4. Benigna Mazzi

    Benigna Mazzi Senior Investor

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    If you want to start trading in the forex market then you have to gain strong knowledge about forex first. Forex is a very profitable business. If you use forex in a very proper way then you can earn a lot of money from the forex market. A reliable broker and strong knowledge about forex can easily make you earn a lot of money. I trade with Eurotrader. They are one of the best brokers I have ever worked.
     
  5. Helen Epperly

    Helen Epperly Senior Investor

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    There lot of trading strategy. But Breakouts trading is my favorite. It is long term trading strategy. You have to be patience to find a potential breakout trade. If you predict right you can aim for high profit. Sometime I use 1:5 risk reward ratio in this kind of trading strategy. Thanks to my broker Eurotrader. They accept all kind of trading strategy and I use various trading strategy as I wasn’t.
     

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