Breakout Trading

Discussion in 'General Forex Discussion' started by pipexch, Jul 31, 2020.

  1. pipexch

    pipexch ECZ Member

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    Forex breakouts trading can be useful for position traders as they can signal the start of a new trend.

    Breakout traders using this technique are attempting to open a position in the early stages of a trend.

    A breakout is where the price moves outside defined support or resistance levels (preferably confirmed with increased volume).

    The idea behind trading breakouts is to open a long position after the price breaks above resistance or open a short position when the price breaks below support.

    To successfully trade breakouts, you will need to be confident in identifying periods of support and resistance.
     
  2. RH-Calvin

    RH-Calvin ECZ Member

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    A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support.
     
  3. Amy Lempriere

    Amy Lempriere ECZ Member

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    Analysis tools are very important in support/resistance trading. Institutional traders use support/resistance levels. Market price impulsive momentum starts when support/resistance breaks. When the level breaks, the entry in trading starts. There are many ways to break. You can find it by searching online. There are many articles about support/resistance level which can give you many ideas.
     
  4. Ovidio Lettiere

    Ovidio Lettiere ECZ Member

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    If you want to be a professional trader then you should gain strong knowledge about forex first. A reliable broker and strong knowledge are very important for a trader. If you start trading with the wrong broker then there’s very little chance of earning profits. I trade with Eurotrader. They are one of the best brokers I have ever worked with. They never make disappointment to their client. They are really very supportive.
     
  5. Albert Brown

    Albert Brown ECZ Member

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    Forex trading is the most famous and profitable business in the world. Anyone can start trading and earn a lot of money from the forex market if they have strong knowledge about forex. A reliable broker strong knowledge is very important for a trader. I trade with Eurotrader. They are one of the best brokers I have ever worked with. They are very reliable and helpful. They never make disappointment to their client.