Home / Trading Strategy / DISCOVER 2 STRATEGIES FOR MAKING OVER USD2000 WEEKLY AS A BREAKOUT FOREX TRADER

DISCOVER 2 STRATEGIES FOR MAKING OVER USD2000 WEEKLY AS A BREAKOUT FOREX TRADER

How to approach news breakout: this occurs upon the release of major economic announcements and can sometimes trigger moves of over 70 pips within few minutes.

When a major fundamental announcement is to be released, few minutes to this time we see the market moving in a very choppy sideways or counter trend. During this time, breakout traders who straddle the news position themselves well ahead of the said news event to take advantage of the initial price spike. Note that not all news event support this strategy. Using this strategy, you ay only need to be in the market for about 5minutes and you are out with profit or a little loss.

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