The technological world we now live in has hindered a lot of traders in that they've become lazy. It's like the traders of today are only interested in whistles and bells. They want to trade on autopilot, without taking any effort to find out how they could turn their fortunes around and starting to be a successful trader on the forex market.

The first simple technique would be buying low, selling high. In general, this is the principal principle that should be practiced. Through this, investors should always strive to buy currencies that have lower values than what your currency form is. Thus, you would realize that you are actually making your capital valuation instantly.

In the old days before electronic trading, the floor trader could make money as he had the information before everyone else today, with everyone able to get prices at the click of a mouse, this advantage has gone.

If you look at how big trends start and continue, you will notice that a bullish currency, starts it's trend by breaking to new price highs and continues doing this as the trend unfolds. So the way to get in on all the best trending moves and profits is to buy these breakouts.

Think of yourself as visiting a foreign country. The best way to get along with the locals is to learn their language. This means you can converse with them as well as fitting in with the culture. Alternatively, you can choose not to learn any of the lingo and hope to find someone who speak in your native tongue. The latter means you aren't going to enjoy your holiday nearly as much.

It doesn’t act in advance it gives you confirmation. Many traders like to get in on the action before confirmation to buy the bottom or sell the top. This is a major reason traders lose they can’t resist predicting what may happen rather than waiting for it to happen. This way of trading may not be comfortable for everyone as its not totally mechanical, you need to look and decide on the best set ups.

Not all breakouts obviously continue, so you need to be very selective and trade a level which has been tested numerous times in the past before the break. You should look for at least half a dozen and it's really the bigger the number of tests, the higher the odds of a continuation once the break has taken place.

Obviously we don't live in the same trading environment that they did. We live in a world where technology reigns supreme. Traders (and people, in general) rely on technology way more than the past.

Trading an automated trading system ( if you find the right one) is time efficient and easy - but you must have a disciplined and patient personality, to keep executing the signals in line with the rules and this is hard, when you had a losing period!

When trading breakouts, the key to success is to make sure the level has been tested several times and really six or more tests is needed to create a good opportunity also, if these tests are wide apart in terms of time, this increases the odds of success even further. Be selective, with the levels you choose and only choose levels, the market participants feel are important.