Trading forex breakouts is one of the more basic trading strategies, but nevertheless it can deliver excellent profits. A breakout is simply a move on a forex chart where a new high or low is made and resistance of support is broken. It is a fact that most major moves start from new highs or lows. Just because a system is easy to follow does not mean it cannot produce consistent profits. As breakout trading is a method used by some of the most successful forex traders around.
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