Free Forex Trading Strategies - A Free Forex Robot For Huge Gains

There are free forex trading strategies you can get online and one of the best is a free forex robot which will beat over 95% of the ones sold online and is proven to make big gains here it is...

The robot is called Richard Donchian's 4 Week Rule and it was devised in the late seventies by Richard Donchian to trade commodity markets (although it will work on any trending market) and as currencies trend well, this is an ideal market to trade the system on.

Its very simple and you don't even need a computer to do the calculation:

Here are the rules:

Cover short positions and reverse to a long position when a price exceeds the highs of the previous 4 weeks. Close long positions and reverse to a short position when a price falls below the lows of the previous 4 weeks.

Now that's what I call simple!

Don't think it doesn't make money it does back test it and see.

The 4 Week Rule has been used by some of the world's top traders and even trading legend Richard Dennis was a fan so if some of the top traders have used it then your in good company.

If you use it, you will be on every major trend and long term it will make money.

There is of course a drawback and that's - what happens when the markets aren't trending?

Here you may want to filter the exit and use a 1 or 2 week period to exit and re enter on the next 4 week rule, this will smooth the equity curve.

Now despite the fact the free forex trading strategy will make money, few traders will use it and here are the reasons why:

Its to simple

People just assume it wont make money because its so simple but of course all the best forex trading strategies are simple. A simple strategy is likely to be very robust in the face of brutal ever changing market conditions with fewer elements to break than complicated ones.

Its Not Trendy

It doesn't have the ring about it like a system based on artificial intelligence or chaos theory but it will beat most despite its simplicity same goes for all the scientific theories that don't work used by the far out investment community - Gann, Elliot and Fibonacci.

Its Not Fussy about Market Timing

It's not a pinpoint trading system which predicts, it simply reacts to price change. Of course, this is the way to trade - but most traders are looking for the perfect entry (of course they cant do it) and won't try this system.

Its boring

If you like trading a lot its boring, a few trades a month at best and 5 m minutes a day to execute them. On the other hand, if you like making money and want to get on with your life this system is fantastic!

So there you have it a free forex trading strategy that works and will continue to work. It be adapted to your risk tolerance as well customized as well Take a look at this free forex trading strategy and you will find, it can help you achieve currency trading success in less than 15 minutes a day!

Read more...

Free Forex Trading Strategies - A Free Forex Robot For Huge Gains

There are free forex trading strategies you can get online and one of the best is a free forex robot which will beat over 95% of the ones sold online and is proven to make big gains here it is...

The robot is called Richard Donchian's 4 Week Rule and it was devised in the late seventies by Richard Donchian to trade commodity markets (although it will work on any trending market) and as currencies trend well, this is an ideal market to trade the system on.

Its very simple and you don't even need a computer to do the calculation:

Here are the rules:

Cover short positions and reverse to a long position when a price exceeds the highs of the previous 4 weeks. Close long positions and reverse to a short position when a price falls below the lows of the previous 4 weeks.

Now that's what I call simple!

Don't think it doesn't make money it does back test it and see.

The 4 Week Rule has been used by some of the world's top traders and even trading legend Richard Dennis was a fan so if some of the top traders have used it then your in good company.

If you use it, you will be on every major trend and long term it will make money.

There is of course a drawback and that's - what happens when the markets aren't trending?

Here you may want to filter the exit and use a 1 or 2 week period to exit and re enter on the next 4 week rule, this will smooth the equity curve.

Now despite the fact the free forex trading strategy will make money, few traders will use it and here are the reasons why:

Its to simple

People just assume it wont make money because its so simple but of course all the best forex trading strategies are simple. A simple strategy is likely to be very robust in the face of brutal ever changing market conditions with fewer elements to break than complicated ones.

Its Not Trendy

It doesn't have the ring about it like a system based on artificial intelligence or chaos theory but it will beat most despite its simplicity same goes for all the scientific theories that don't work used by the far out investment community - Gann, Elliot and Fibonacci.

Its Not Fussy about Market Timing

It's not a pinpoint trading system which predicts, it simply reacts to price change. Of course, this is the way to trade - but most traders are looking for the perfect entry (of course they cant do it) and won't try this system.

Its boring

If you like trading a lot its boring, a few trades a month at best and 5 m minutes a day to execute them. On the other hand, if you like making money and want to get on with your life this system is fantastic!

So there you have it a free forex trading strategy that works and will continue to work. It be adapted to your risk tolerance as well customized as well Take a look at this free forex trading strategy and you will find, it can help you achieve currency trading success in less than 15 minutes a day!

Read more...

Best Forex Trading Indicators - How to Use Them For Big Gains

What are the best forex trading indicators and how do you use them to make your forex trading strategy succeed? Here we will look at how to do just that.

Firstly, there is no such thing as a best forex trading indicator on its own, as no indicator works all of the time however if you combine the right Forex trading indicators you can build a robust forex trading strategy and seek currency trading success.

Here we are going to give you a subjective view, of the best forex indicators and how to combine them for success.

When trading forex markets, we always like to use simple bar charts and see support and resistance as the initial paint on the canvas. We can see support and resistance and the direction of the market clearly and then decide with our indicators areas of value to buy and sell.

Here are some indicators we have been applying for 25 years and have made money with and the some advantages we think they give to any trader.

Simple Moving Averages

We all know prices come back to an average and we find the most useful the 40 day MA, for defining the biog long term trends and in strong trending markets, we like to buy or sell back to the 20 day MA, to enter fresh positions in the direction of the trend.

Bollinger Bands

Gives you the volatility of the market and they are a great help in determining the standard deviation of the market from the norm. This of course gives you clues to overbought and oversold scenarios, entry points and targets.

Anyone who trades forex, needs to be aware of volatility and standard deviation, so make it part of your essential forex education and use Bollinger Bands.

While you can see trends support and resistance and volatility, this is just setting up areas to trade now you need to do market timing. You should never predict a move, you should always confirm it with momentum indicators to get better market timing.

Here are two great forex trading indicators to do this.

Relative Strength Index

A great indicator you can use it to time entries if the RSI is in your favour and strong, in existing trends - or when it diverges from trends ( particularly when its over bought or over sold) to enter contrary trades.

Stochastic

We love the RSI - But our ultimate indicator to trigger trades is the stochastic; it's simple and very effective. We always use crossovers to confirm any move we are looking at. In contrary trades we love stochastic crosses with bullish or bearish divergence ( from over bought or oversold areas) against the prevailing trend.

A Great Toolbox Of Indicators for Any Forex Trader

So there you have our best forex trading indicators and they can be used for trend followers, contrary trading or swing trading. We can't give you every advantage of them here but look them all up and study them and you can blend them, into a powerful forex trading strategy for profit.

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