Here we will look at a Forex trading which is very simple to understand and easy to make money with. We will give you all you need to know about this system in this article and how you can use it for currency trading success...
The Free Forex trading system we are going to look at only has one rule and was devised by trading legend Richard Donchian. The system takes advantage of a simple 4 week cycle which occurs in currencies - Let's look at the rule and its this:
Buy any break to a new 4 week high in a currency and hold it. Simply wait for a new 4 week low to be hit and sell it. Keep doing this as 4 week highs and lows are hit and always maintain a position in the market.
It's incredibly simple but if you test it works and will get you in on all the biggest trends and help you hold them. Breakout trading is logical and always works, as markets always trend in addition, all new trends start and continue from new market highs and lows.
This system has been used by some of the best professional traders and while it's simple, that's an advantage in Forex trading as all the best systems are.
Today, you will see a huge amount of Forex robots and Expert Advisors sold online which claim they can make you money but this system, over the long term will beat them all. Even better our Free system has a real track record, while the new trendy robots just have simulations and back tests on paper so before you spend your money on one of these systems, test this great free one.
The system can trade any financial market not just currencies and works best on a spread of currencies and other financial instruments. You can also restrict drawdown, by adding exit filters based on either a one or two week moving averages.
The system doesn't trade much and it gives you a simple objective signal you follow which will take no more than 15 minutes a day to check. This system is simple, logical, time efficient and can help you enjoy currency trading success.
It's free of course, so you have nothing to lose by taking a look at it; check it out and see for yourself.
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