Here we will look at a Free Forex trading system which has been making traders great profits for over 30 years and it will always make money, so let's take a look at it in more detail…
The system we will look at here, has and its made countless millions in profit and was devised by highly respected trader Richard Donchian, who is seen as one of the most influential traders of all time. There are many robots sold online but most lose as they have never been traded in real time, they just use backtests and then the system fails in real time but this system has made money and has stood the test of time.
Its simple system and only has one rule so let's look at it:
Wait for a currency to make a new 4 week and enter the market with a long position then, wait for a 4 week low to be made and reverse the position to a short. After you have done this always maintain an open position by reversing on each new 4 week high or low, as these levels are hit.
This rule is simple, totally objective, requires no human input and works and will continue to work; you may think its to simplistic to make money and if you do, test it and you will change your mind, it makes a lot of profits!
All big trends start from breakouts and continue from them so this system will make sure you get in on every big trend. All the best systems are simple and this one is one of the simplest you can get.
Most traders wont even bother to consider it though – they prefer to believe the hyped copy of the Forex robots slod online, who produce paper track records going backwards, knowing the closing prices but thats not the reality of Forex trading – the reality is if you can make money in real time and the system we have looked at has been doing this for decades
The system we have just looked at is called The 4 Week Rule and if you use it as part of your Forex trading strategy, you can make some great gains with it in around 15 minutes a day.
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