O'Reilly logo

7 Winning Strategies For Trading Forex: Real and actionable techniques for profiting from the currency markets by Grace Cheng

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

8: Strategy 4 – Breakout Trading

Who hasn’t harboured the thought of reaping massive profits from a big price move in a short time?

Despite the notoriety associated with trading breakouts, it remains one of the most basic concepts in trading. A breakout typically occurs when the currency price moves beyond a period of consolidation or trading range, or when the price penetrates above or below an established price level, which can be a resistance or support level, resulting in a follow-through of prices past those levels, whether temporarily or permanently. The price movement past a breakout point can either be a short or a more sustained affair, and that may depend on the time frame of prices that you are looking at.

Even though big market ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required