Many people enter the world of Forex Trading with the aim of making as much money as possible. However the assumption that most people make is that they need to be trading lots of positions in order to generate these big profits.

This is not necessarily the case though because it can be just as profitable (and it most cases a lot more profitable) to trade the longer term charts. I myself use the daily charts to determine the overall trend and the 4 hour charts for my entry and exit points.

However as Adam Hewison points out in his latest trading video, you can generate some serious profits by lengthening the time frame even further and trading the monthly price charts.

For example in this video you will learn how you could have successfully generated a clear profit of 6383 pips over the years just by trading the monthly chart of the EUR/USD pair. Plus because of the fact that currencies often trend for very long periods, you should see similar results when trading the other currency pairs as well.