Trading Strategies - Trading Trend Breakouts & Failures ( Trend Following Mentor)

Trend Breakout trading was proposed by Richard Donchian back in the 1940s. What is fascinating with Richard Donchian is that he lost of all his money in the Great Depression. He picked himself up and thought there had to be a better way. He came up with a technical approach to trading stocks, currencies and commodities called a breakout strategy.

Where Fortunes are made – Identifying a change in Trend
The fastest and most risk-free way to make money in the markets is to identify a change of trend in a market as early as possible. Every market professional will tell you that it is impossible to buy at the lows and sell at the highs consistently: but with trend breakout failure this becomes a powerful tool.