The Breakout Strategy With Forexgen

is one of the most commonly used by professional and successful traders. Even though it is used by professionals, it is really simple to implement using regularly updated technical charts which are readily available online.


Breakouts in the forex market occur anytime that a price breaks above or below a resistance or support point.
These points are determined by technical analysis and anyone can find what the technical points are on charts online.
Sometimes I use the free technical charts available to all at fxstreet.com. However, I highly recommend the technical
analysis charts and other resources inside the members area at plus.dailyfx.com

For those of you who are very new to FX trading or who have never studied the breakout strategy, I will explain the definition of support and resistance points. A support point is a low point which has shown support for the particular currency pair (meaning the last time the pair touched that level it did not fall further). And a resistance point is a high point that the pair has tested but has not been able to break above.

Could Oil be a safer investment than Gold?

There is simply no substance known to man that produces as much energy per liter for as cheap as oil.

Any attempt to make "counterfeit" oil, to manufacture such potent combustible material is guaranteed to cost more, a losing business proposition.

So oil is counterfeit-proof because it is... cheap. On the other side crooks will often counterfeit gold for a profit because it is... expensive

Why do hundreds of thousands online traders and investors trade the FX market every day?

simply details essential tips on how to avoid typical pitfalls and


1. Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.

2. Knowledge is Power - When starting out trading FX online, it is essential that you understand the basics of this market if you want to make the most of your investments.
The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.

3. Over-cautious trading - Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail FX broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce.