89. How to Take Advantage of the Breakout Trading Strategy

24/04/2024 20 min Temporada 4 Episodio 16
89. How to Take Advantage of the Breakout Trading Strategy

Listen "89. How to Take Advantage of the Breakout Trading Strategy"

Episode Synopsis

A breakout occurs when a currency pair's price moves outside a defined support or resistance level with increased volume. It is a popular trading approach used by traders to take a position within a trend's early stages. This strategy is often the starting point for large price moves and increased volatility. In this episode, Alison and Chris discuss how you can identify a breakout, how to confirm that they have occurred, and how to manage your risk.
Link to YouTube short on Trading Breakouts: https://youtube.com/shorts/G46GV4PYn0c?feature=share 
 
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.

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