By Monica Hendrix 

If you want to target 100% annual gains, then the 2 tips enclosed can be incorporated in your forex trading strategy and will instantly make it more profitable. These tips are simple and easy to do and will help you make big profits so here they are.

1. Cut Your Trading Down and Risk More

When I say cut your trading back I mean just that.

I know traders who make 100% annual gains trading less than once a month with their forex trading systems!

Most traders don’t understand this important point:

You don’t get paid for your effort and you don’t get paid for how many times you trade – you get paid for getting your forex trading signals right and that’s it.

If you cut back your trading, you can focus on the really best trades in terms of risk – reward. There is a rule – called the 80 –20 rule that applies in all areas of life and in essence it states:

20% of your effort will produce 80% of your income and it applies in currency trading to.

Furthermore, there is no point on a small FX account of risking just 2% per trade (like many people recommend or diversifying) – all this will do is ensure you make small gains or dilute them.

If you say a trade your confident in hit it hard with up to 20% of your equity. In forex trading you have to take calculated risks – if you don’t, you will never make meaningful gains.

2. Trade High Odds Breakouts

Trade breakouts of valid support or resistance. These are areas that have been tested 4 or 5 times (in at least two different time frames) when these levels break chances are other traders have stops behind the breakout and other technical traders will want to buy.

Once the breakout occurs and is in motion it’s likely to continue – so you are trading with the odds. It’s a fact that most of the biggest trends develop from new market highs – NOT market lows so focus on buying these breakouts.

Trade Less – Risk More

Forget all the nonsense written about day trading and trading frequently – it will simply ensure you lose, as you don’t have the odds in your favour.

If you want triple digit gains, they come from the big breakouts and you need to hit them hard when they come.

Sure, your forex trading strategy won’t involve you trading much – but that doesn’t mean you won’t make a lot of money.

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