Posted by
BettyBoop on September 21, 2009 |
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If you really want to buy a FOREX trading signal which is free of cost and yet very simple to handle, works really hard and will continue to work till you stop it, then you will definitely find one enclosed in this article with the exact or the accurate equation it’s based upon; so you can read it, purchase it and use it, for making big FOREX profits right now.
The FOREX trading signal is called as the 4 Week Rule and why it’s called a 4 week rule, will become really very obvious in a moment; the trading signal was devised or given by one of the true and very successful trading legends of our time – Richard Donchian. He devised trading signal nearly 30 years ago and traders are still working with it and making money with it today also.
Let’s have a look at the trading signal first and then we will talk about the reason behind its successful working – so here it is:
Purchase a breakout to a very new 4 Week high and hold the position in the trading market, when a really new 4 week low is hit in the trading market, then liquidate the long position and then go short – that’s all you need to in order to use a trading signal! I know u must be finding this really easy but there are few things you need to remember. One thing that you have to remember is that after liquidating simply keep on reversing the position as new 4 week highs and lows are exceeded.
It’s really very simple (actually all the best FOREX trading systems are really very simple to operate) but they makes quite a big amount of money and if you test it once then you will see how it gets a good chuck of all the major trading market trends.
The next frequently asked question is that “Will most traders use it”?
Of course not, most of the traders prefer to buy FOREX robots that have only worked in situations of back testing and they made no money in real time trading. The traders who use FOREX robots think that they can make huge gains with no drawdown – but they forget that all the systems have drawdown; it’s actually a part of FOREX trading. Traders buy these systems and lose huge sum of money.
on the other hand, 4 Week Rule or FOREX trading signal has actually worked in real time trading and had made really big gains for nearly 30 years and but yes, it does possess some drawdown but generally it focus on the long term and I am sure that you will make quite a lot of money with it.
Tags: Forex Trading, fx traders, Trading Forex
Posted by
NigelGee on September 21, 2009 |
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Out of all the financial markets forex market is the largest market in the world which trade in currencies with the daily trade of about $1.5 trillion. It does not have any physical existence and there are no central exchanges as in other financial markets. All it works is through internet, fax or telephones among banks, corporations and all among individuals trading one currency for another.
In Forex world we talk about only money. Traders from all over the world buy or sell or exchange their currencies for the foreign currency. What exactly remains the thing is that one currency is bought and then sold at the profit margins making good commission. A currency is bought at a particular price but then sold for a profitable amount. Thus the difference becomes your profit.
There are some similarities and some differences among forex and stock market. There is higher liquidity in forex trading as compared to stock market. There is greater flexibility of time and place of trade unlike stock market. Forex market is an around the clock market and it involves trading between the bank and the brokers.
Unlike stock market forex market has higher leverage. If the trader is experienced and is professional then he can expect higher rewards as compared to stock market. But that doesn’t mean that there are no risks of loosing there are chances of loosing a great amount as well.
You come across different terminologies during forex trading they are quite complicated if you don’t have the knowledge to understand it. Each term has two pars each part depicting the currency used. Like for “usdjpy” the first part reflects US dollar and the second part signifies Japanese yen. You should be well aware of these terminologies while trading in forex market. You can get all this information through various books available in the market as well as you can also get assess to these entire through internet.
You also need a broker while stepping into forex world. He is professional and can provide you all necessary information about the market. If are new in the market then you must have a forex broker. But there are various aspects you must keep in mind while finding a broker for yourself. You must choose a broker that offers low spread. You must also know beforehand about the pips as the forex brokers do not charge you any fees and they make their profits through the pips difference.
While going for a forex broker you must prefer someone who is associated with some big financial institutions. Your broker must be registered with futures commission merchant (FMC) and should also be regulated by commodity futures trading commission.
Your broker should be well experienced should have assess to latest tools and data. He should offer you great range of accounts option. So this will provide you the greater flexibility. So you can trade according to your convenience.
Tags: Forex Trading, fx trade, Trading Forex
