Every trader knows the Forex market spends most of the time in consolidation. This simple statement makes everyone looking for a perfect Forex breakout strategy. Breakout trading allows great risk-reward ratios. Because of this, Forex breakout trading strategies are popular among traders.
What drives people to Forex trading is the ability to make money. Quick and fast. In theory, this is true. But, the reality looks different.
While the trade may take a little time, the preparation takes a lot of work. It is like going fishing. Like fishermen, traders wait for the right opportunity, patiently, and they keep trying until the perfect setup appears.
All trading platforms offer at least one breakout Forex indicator. You may not recognize them by their name, but there are plenty of them.
Forex Intraday Breakout Trading Strategy Forex Intraday Breakout Trading Strategy: Setup Based on the number of minutes specified in the Inputs, the initial trading range is established for that particular trading period. …