Forex Trading description

The foreign exchange market is a global decentralized or over-the-counter market.

Breakout trading strategies are one of the most popular Forex strategies used by traders. They are primarily used to capture moves in the early stages of a trend when a currency pair is seen to move beyond a predefined level in the market.

This level can be a previous level of support /resistance or a move out of an acknowledge market range that has defined previous trading boundaries.