Forex Trading Signal - A Free Trading Signal For Bigger Forex Profits

FinanceStocks, Bond & Forex

  • Author Kelly Price
  • Published May 20, 2009
  • Word count 398

How would you like to learn a simple equation which generates a trading signal that can make big profits and is the signal the savvy, pro traders use? Read this article and you can discover a great equation you can use right now to help you enjoy bigger Forex profits.

If you look at any Forex chart you will see big trends which last for many weeks or in some cases years. All these big trends start and continue, from breaks to new highs and lows. The trading signal we are going to look at here will get you in on all the big profits from the big trends.

The rule to generate the signal is very simple and is:

  1. Buy a new 4 week high in a currency pair

  2. Hold it until a new 4 week low is hit and then you need to liquidate the long and put a short in the market and reverse your position.

  3. Keep reversing as each new 4 week high or low is hit.

Note: This is a stop and reverse system so you always have an open position

This rule is very simple and you can do the calculation on paper with a calculator and you don't even need a computer. While the trading system is simple, it makes a lot of money and will make profits from the really big trends.

The signal was devised by famous trader Richard Donchian, he thought it up in the late seventies and savvy traders have used it ever since and it works. In Forex trading simple systems are more robust and more likely to make profits than complicated ones and the one above is simplicity itself and is a trading signal all traders should use.

It's not bothered about pinpoint market timing and it holds long term trends which many traders find difficult, as they want to be more active in the market. If you are an impatient trader, then you will have a problem with discipline but if you are a trader who simply wants to make profits, then this one rule trading signal could make you a lot of money!.

You should make learning this simple equation, part of your Forex education; its called the 4 Week Rule and it's free. The rule maybe free but it can make you big gains and you have nothing to lose by studying it in more detail.

FREE ESSENTIAL FOREX TRADING PDF's! AND TRADER TOOLS!

For a complete resource on how to win at Forex trading and more on proven Forex Trading signals, FREE PDFs and an exclusive RISK FREE Forex Course visit our website.

Article source: https://articlebiz.com
This article has been viewed 606 times.

Rate article

Article comments

There are no posted comments.