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Saturday, March 19, 2011

How to use Forex trend trading strategy

A trader could apply here a similar approach as in Forex breakout trading. Most trends begin with breakouts from ranges. Therefore a Forex trader can place an order or a few orders above the highest or lowest points of the range and simply wait for the ranges to be broken. Alternatively, if a trader expects the price to explode in a particular direction he can a take a ‘pilot’ position in advance. In this way, if he is right, his profit ratio will only increase. Majority of Forex trend traders and stock trend traders do not use other kind of strategies,

Posted by at 11:27 AM

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