Exchange market is a lucrative market, and most people enter it only one goal: make money. Automating income, you can free time and get rid of manual labor. All you need is ten-patnáctminuty every day. However, if you're interested in currency trading, you should be well aware of ways, the product works and which suits your tolerance for risk, trading style and the current market conditions best.
Many believe that the automaticCurrency trading is the only way to go if you want to make money. There is, however, currency trading system is not automatic, available free of charge, which are now used by many of the world's best traders. Below is a description of the system, which could lead you to your currency trading success.
The system was first discovered in the late seventies, and business legend Richard Donchian, when he noticed a reliable cycle of four weeks in service markets. Although the system wasgoods for trade, worked in all markets, including the monitoring of trends in the currency market Forex.
It is a simple system based on only one rule. No computer is necessary to make calculations. All you have to do is: buy a new four week high in the currency and switch to short positions in four weeks at a low level. Let your position is always open market and maintain the transition from high to low and vice versa. That is the rule. It's quite simple, but it happenswork.
Regarding the question of why it works, it is because it is based on sound market logic: to maintain currency trend for a long time and always start a new trend, and keep them from breakouts to new market heights or lows.
It was clear that all the best currency trading systems are straightforward. There is no relationship between complexity and success. Unfortunately, most traders are reluctant to use this simple technique, even if it makes money. Most traders are soimpressed by the hi-tech robots and automated systems, which tend to their purchase. Evidence that the software is based on the back tests and simulations that are carried out in known conditions. Of course, the results are never repeated. Buyers mostly as a fashion names and in particular the idea of making money without using too tempting. This attitude leads to the release of the above simple rule, despite the fact that it makes a profit.
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