Forex Trading Following – Make Big Gains in 30 Minutes a Day Or Less With This Method
If you want to make money at Forex trading, you need to forget about trading short term and learn how to follow long term trends. If you learn how to do it correctly, you will make bigger profits with less risk – let’s look at trend following in more detail.
If you look at a Forex chart, you will see the big trends and by big I mean big! These trends are present in any currency pair and can last for weeks, months or in some instances a year or longer smm panel. By locking into these trends and using leverage, you can trend follow and make huge gains so how do you do it?
If you want to get in on the big trends, there is a simple method which will help you catch every major trend yet, not many people use this method so let’s take a look at it buy tiktok followers.
If you take a close look at any currency bull trend, you will see a recurring phenomenon and that’s – all big trends start trending up by breaking to new chart highs and as the trend progresses the currency will continue breaking to new highs, so the way to get into the big trends is obvious – buy these breakouts.
Most traders never do this, they always want to buy the exact bottom and predict but that’s just guessing and they refuse to buy these breaks because they want to buy the exact bottom and wait for a pullback to the level of the breakout – but the good breakouts, don’t come back and these traders miss the move and the profits from the big trends.
The smart trader doesn’t care they have missed the start of the move, because the odds of the move carrying on in favor of the breakout are high, their in on the big trends and looking to make huge gains.
When trend following, you need to be selective when buying breakouts and only focus on those levels of resistance that are considered important by other traders and that means, levels that have been tested six times or more – in fact, the more times the level has been tested before the move and breakout the better.
When trading these long term trends, you can trade just once or twice a month and still make triple digit annual gains. You don’t need to work hard either, you can execute your trading strategy in 30 minutes a day or even less.
You can use some confirming indicators if you wish or you can simply buy breaks as you see them on a chart. This method is simple, logical and will always work because in a free market currencies will always trend long term. So stop trading the short term moves and noise of the market and get into long term trend following and catch the big profits from the big moves.