Identify "good" breakouts and "false" breakouts. Good breakouts result in nice profits, but false breakouts turn back to losses. The next paragraph will reveal the secret why false breakouts more often occur and who is responsible for this phenomenon.
Have you heard about the old famous 123-Pattern? Have you ever tried it? Have you tried to trade the breakouts? Forget it. Let’s explain the insider’s secret why most traders lose money trying to catch the breakouts. Let’s discover the myth.
This is the heart of the MagicBreakout strategy. Julie has found a tricky way to distinguish between good breakouts and false breakouts. Moreover, her eyes see a breakout before it happens! "Amazing, I can’t believe I’m doing this!"
Remember: Exit is much more important than entry! Knowing when it is time to exit the market is a very important task. Some traders get out too early of a winning trade because they do not follow a given system. Some traders enter the market blindly and then they nervously watch the chart and ask themselves: "Should I close the position now… or NOW?!". Their emotions control their trading and they consistently lose money. Remember, it is a discipline that separates winners from losers.
If you strictly follow the money management rules, it is a very easy task to become a Forex millionaire in a relatively short time. Can’t believe? Let us show you the math. Read more…