There are a number of different phenomena in forex trading. One of those is known as a breakout. According to Investopedia, a breakout is basically a security’s price movement through a known level of resistance that is typically followed by an increased amount of volatility and heavy volume. Or in other words, it is when the currency pair’s price goes outside of its known resistance or support level with an increased volume.
Category: Forex Strategies
Scalping in Forex trading can be quite time-consuming, but it is still a very rewarding approach to trade currencies. Basically, this technique requires at least some experience of trading FX and the ability to analyze the market. Scalpers usually hunt for small profits using high leverage. On top of that, they enter the market and quit several times a day. EUR/USD pair is a popular choice for scalping strategies. In this article, we would like to present one of the simplest ways to scalp EUR/USD.