The GBPUSD broke out above resistance since I last highlighted the trade. With a decent forex trading system, you should have made profits on this trade.

The move that took place from the breakout point was about 400 pips… did you make any money on this trade?

The GBPUSD Breakout Trade

Although the GBPUSD did fall back into the trading range, a decent breakout trading system would have helped you capture some of the 350 - 400 pips.

And if in the current market you’re finding it tough to trade, that’s because the major pairs have basically gone sideways in really tight trading ranges. Almost any trending system would be caught out and going through a drawdown right now.

This is the part they didn’t tell you about trading… the patience and ability to sit through drawdowns with a proper risk management plan. This is the phase which separates the winners from the losers. Unfortunate, but true.

Any system that you purchase must be tailored to your risk management levels. Otherwise, it’ll be tough for you to go through drawdowns wondering if you should *not* take the next trade, or throwing your hands up in disgust and self-loathing…

Yup… this is the part that almost nobody talks about!

Educate yourself to realize that trading successfully is not just having a good system, but having a good temperament as well. And being able to keep your cool is a function of knowing exactly how much risk you’re taking in the trading game, and knowing that it’s all within your risk threshold.