Advanced forex trading strategy

Advanced forex trading strategy – the early bird breakout system

Having a good trading system means more money being generated. Traders have found it very difficult to maintain a particular trading system due to the fact that there are several factors that cause the system to become obsolete and this is one of the main reasons that new strategies have to be developed each and every time.

Having a good trading strategy does not mean that you should be over confident when trading. Basing your trading system with related strategies such as trading news, Fibonacci analysis, determining your stop loss and risk management will help your trading system to be solid.

In this section we will look at one of the advanced trading strategy that is very profitable. As the name says Early Bird Breakout System means that you should do your trade very early morning so as to observe a significant breakout. This advanced system requires traders to commence their trades as early as possible e.g. 5:00 am (EST).

The Early Bird Breakout System is a morning strategy which bases on time factor, two currency pairs and does not make use of indicators. The currencies we would prefer you make use of with this system is the GBP/USD and the EUR/USD.


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