Sunday, September 13, 2009

Forex Trading System - The One Enclosed is FREE and Works

Here I am going to give you a free simple trading system, that over the last 20 years has made traders countless millions of dollars and the system was devised by a trading legend. If you want to win at forex here it is...

Forex robots and trading systems have a bad reputation as most don't deliver gains and lose.

You will see them online all the time, slick advertising and no substance. The track record that is supposed to show how good and profitable the system is doesn't add up in reality. It's always back tested and the track record is paper money and of course in reality, you don't get paid for knowing what happened, you get paid for timing your trading signal correctly without knowing the price.

This system however is based on a simple phenomenon which is easy to understand and that's - currencies trend for weeks, months or years and most of these trends start from and continue from market highs.

This will never change just look at any forex chart for the evidence but how do you turn these forex trends into profit?

This system will do it and was devised by trading legend Richard Donchian. It's only got one trading rule and here it is:

Buy any new 4 week calendar high and sell any 4 week calendar low and maintain a position in the market at all time.

That's it! Simple and objective and any trader can do this its easy and it works.

Do not be fooled by its simplicity, it works and will continue to work.

Forex trading is essentially simple and complex systems tend to break in the real world - simple systems are more robust and you won't get a much simpler system than the above but it will make sure you catch and hold every major trend.

Its only downside (and all forex trading systems have one) is in a non trending or choppy market where it will of course get chopped about and lose but you can overcome this and smooth the equity curve...

The way to do this is to trigger new positions on the 4 Week Rule - but add a stop level at the 1 or 2 week level and go flat. You then wait for the next 4 week trading signal to get back in the market.

Countless traders over the years have used this system as a basis for there trading but it is quite hard to follow even though it works.

1. It is not fussy about exact, pinpoint market timing and many traders are obsessed with this

2. It is brutally objective and most traders have a problem following trading signals with discipline

3. It requires tremendous discipline and patience to follow it

If of course your just interested in making money, it will deliver long term profits - it always has and chances are it always will, unless currencies stop trending and that is unlikely to happen.

So if you want a trading system that works, is based on sound logic and is simple and easy to use and takes less than 30 minutes a day to trade, you will love this forex trading system, check it out and you will surprised at how profitable it can be.

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