Welcome to our Free Course
Enhance your trading knowledge by studying our legendary free online program!
- Beginner
- Intermediate
- Advanced
- Completion
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BeginnerEarly Stages For Beginners8 Topics
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Forex Terminology11 Topics
- Major and Minor Currency Pairs
- Basic Forex Terminology
- Pips & Ticks
- The Broker & The Spread
- What is a Lot?
- Stop Loss & Take Profit
- Margin & Leverage
- Retracement & Reversal
- When Can I Trade Forex? Sessions - Market Open and Close
- 3 Types of Analysis (Technical, Fundamental, Sentiment)
- 3 Ways a Market Can Go (Up, Down, Sideways)
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Margin & Leverage2 Topics
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IntermediateIdentifying Scams2 Topics
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Brokers for Beginners5 Topics
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Technical Analysis13 Topics
- Types of Charts
- Understanding Japanese Candlesticks
- Candlestick Patterns For Beginners
- Single, Double & Triple Candlestick Patterns
- Support and Resistance
- Confluences w/ Candlesticks & Support & Resistance
- Trendlines
- Counter Trend Trading/ Counter Trend Lines
- Fibonacci
- Moving Average
- Top-Down Analysis
- Fakeouts
- Consolidation Trading (Breakout, Retest, Continuation)
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AdvancedUsing Indicators6 Topics
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Technical Analysis (Part 2)8 Topics
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Market Structure5 Topics
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Fundamental Analysis9 Topics
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CompletionRisk Management for Beginners8 Topics
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Psychology for Beginners7 Topics
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Personal Psychology Questions2 Topics
Importance of Breakouts
Breaks outs provide high reward opportunities in trading. The reason for this is that they tend to move prices to new highs or lows. Traders who catch breakouts early enough go home with a whole bag of money. This trading technique is widespread because it is simple to grasp and can be very rewarding!
Unlike in trading stocks or futures, you’ll not notice any method of determining the precise volume of trades in the forex market. Because of that, traders wait for breakouts to catch trades in the direction of the most volume flow. Volatility is high during such times. If you’re in the right direction, the price quickly rushes in your favor, and your profits rise so fast – you’d think you’re printing money. If trading has been hard for you, learning to trade breakouts will change your experience.