Samuel Leslie Berkovits asked:
After reading this article, you will have a complete Forex trading system you can apply for big Forex profits. The system uses no trading indicators and you buy or sell, by following one rule and it works – lets take a look at in more detail.
You will see a lot of automated software systems sold online for a hundred dollars or so but none of them beat this system long term. Unlike the heavily sold robots and expert advisors, this system has a real track record and it’s been used by some of the best traders in the world, for over 25 years and is still used today, because it works. Let’s look at the rule.
The system rule is simple – Buy a breakout to a new 4 week high and hold it. Wait for a new 4 week low to be hit and sell it – Always maintain an open position in the currency pair you are trading and simply reverse as new 4 week highs and lows are hit.
You couldn’t get a simpler system and you don’t even need a computer to calculate the equation, it’s so simple you can do it in your head.
It works because, if you look at any Forex charts you will see trends start from breakouts and continue from them, so buying breakouts is a great way to trade and get into and hold long term trends which can last for weeks or months.
All the best systems are simple, this simple trading system is robust and works in any trending market. The system was devised by trading legend Richard Donchian and has been used by savvy traders ever since – most traders won’t use it though and the reasons why are outlined below:
- It takes discipline to buy and hold long term trends via breakouts
- It’s a long term trading system and will have short sharp drawdown periods and most traders can’t accept drawdown despite the fact all systems do have losses at times
- Most traders prefer fancy named robots and expert advisors which claim big gains with no drawdown despite the fact they don’t work traders still buy them.
If you are looking to make some great gains long term, you have disciplined mindset, then this system works and will continue to work. It’s free so check it out, its called the 4 Week Rule and you maybe surprised at how much money it makes.
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After reading this article, you will have a complete Forex trading system you can apply for big Forex profits. The system uses no trading indicators and you buy or sell, by following one rule and it works – lets take a look at in more detail.
You will see a lot of automated software systems sold online for a hundred dollars or so but none of them beat this system long term. Unlike the heavily sold robots and expert advisors, this system has a real track record and it’s been used by some of the best traders in the world, for over 25 years and is still used today, because it works. Let’s look at the rule.
The system rule is simple – Buy a breakout to a new 4 week high and hold it. Wait for a new 4 week low to be hit and sell it – Always maintain an open position in the currency pair you are trading and simply reverse as new 4 week highs and lows are hit.
You couldn’t get a simpler system and you don’t even need a computer to calculate the equation, it’s so simple you can do it in your head.
It works because, if you look at any Forex charts you will see trends start from breakouts and continue from them, so buying breakouts is a great way to trade and get into and hold long term trends which can last for weeks or months.
All the best systems are simple, this simple trading system is robust and works in any trending market. The system was devised by trading legend Richard Donchian and has been used by savvy traders ever since – most traders won’t use it though and the reasons why are outlined below:
- It takes discipline to buy and hold long term trends via breakouts
- It’s a long term trading system and will have short sharp drawdown periods and most traders can’t accept drawdown despite the fact all systems do have losses at times
- Most traders prefer fancy named robots and expert advisors which claim big gains with no drawdown despite the fact they don’t work traders still buy them.
If you are looking to make some great gains long term, you have disciplined mindset, then this system works and will continue to work. It’s free so check it out, its called the 4 Week Rule and you maybe surprised at how much money it makes.
Create a video blog