Why Sould You Try Trading Forex using MagicBreakout?
When you use the Magic Breakout Forex trading strategy you will get the following advantages:
– This unique trading strategy gives you the chance to enter the forex market before the crowd. With the Magic Breakout strategy you will be able to predict breakouts before the momentum traders arrive.
– MagicBreakout trading strategy is a conservative strategy. On every trade, you risk a small amount of money.
– Mechanical Trading: You will trade the forex market by following a clear set of simple rules.
– Easy to Follow and Apply: it will convince you that forex trading is really simple work and very easy and funny!
– Profitable Strategy: If you stick to the rules and go through a series of losing trades, you will finally become profitable forex trader.
– It’s Scalable: MagicBreakout strategy has become a success key of the top forex traders. An improved MagicBreakout+ strategy can make +67% in one month. One of our students made 5400% in one year using his own exit rules.
What is the Breakout and When Does It Happen?
A breakout happens when the price breaks a significant high and makes a new high. On the other hand, a breakout happens when the price breaks a significant low and makes a new low.
It looks simple. Most traders are trying to catch these breakouts and make money on the accelerated price move. A momentum trader puts buy-stop order just above the significant high. He is waiting for this high breakout.
If the breakout does not happen, then he cancels this buy-stop order and waits the next trade. If the breakout happens and his buy-stop target is filled, the trading platform automatically opens a long position. The same thing applies for a low breakout (in such case, the trader places a sell-stop order).
Why Forex Traders Do That?
Because the price action usually moves in high momentum after a breakout and generates very good profit. However, it’s not so simple and profitable every time. There is always a risk of big loss.
The “false breakouts” is the worst thing colud happen fo momentum traders which happen too often.
To know more about the secret behind false breakouts, read the full story in this pdf ebook “MagicBreakout Forex Trading Strategy”
Download the ebook from one of the below links: