Forex Trading Signal - A Free Signal For Big Forex Profits
In this article, I will give you a free Forex signal which works and will continue to work. Another advantage of using this signal is the logic is easy to understand, so you will have confidence to execute it with discipline.
The trading signal we are going to look at, has been used by traders for over 25 years and was devised by Richard Donchian, one of the true trading legends. The signal is still used by traders today because it works and will continue to work.
Here is the signal which is called The 4 Week Rule:
To enter a currency, buy a breakout in a currency to a 4 week high then, hold the position and wait for a 4 week low to be hit. When this occurs, liquidate the long position and go short. You then simply keep reversing the position on new 4 week highs or lows.
The above is very a simple rule and it works and while the rule simple, all the best Forex trading signals are. This signal will continue to work, because you will see the following two factors occur in any currency pair.
1. A currency will start a big trend, from breakouts to new high or lows and any strong trend will also continue by breaking to new highs in a bullish currency and new lows in a bearish one.
2. Currencies trend in a sustained direction for long periods of time and these trends can last for weeks, months or in some cases, a year or more.
Most traders won't consider using this signal though and the reason why not is they don't have the correct mindset to apply it.
It takes discipline to hold long term trends and most traders lack discipline in addition, this signal is not fussy about selling exact highs or buying exact lows; most traders like to try and predict exact lows and highs but this is simply not possible.
You will see a number of Forex software packages sold online which all claim there signals, will make you rich. These systems normally cost a hundred bucks or so and claim, they can make huge profits for you with no effort but they all lose. On the other hand, The 4 Week Rule trading signal, has a real time track record of profits.
If you want to succeed in currency trading, this free Forex trading signal, can help you enjoy currency trading success. It doesn't cost you anything to look at it so check it out and see for yourself how much profit it can make you.
Article Source: http://www.Free-Articles-Zone.com
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