Currency Trading Systems - a Simple Free One for Huge Profits!

By: Kelly Price

If you want to win with a currency trading system, you may think that the more complex your system, the more chance it has of making money. You would be dead wrong. Lets look at why simple is best and a great FREE System, you can use right now.

Consider this rather startling fact:

Today our PC's are more complex than the one that landed man on the moon, with far more processing power and software applications today are simply mind boggling in their complexity and power. Now does this help traders make money?

No!

25 or 50 years ago 95% of traders lost money and the same ratio lose today, so the application of technology hasn't helped and there is a reason for this:

Markets do NOT Move to a scientific theory, so you can't apply complexity to win.

In fact, complex systems are more likely to lose than simple ones, because they have too many elements to break and are not as robust.

Simple systems work best and will continue to outperform complex ones.

You hear a lot about systems being able to think for themselves and adapt to market behavior - absolute rubbish, there are far to many variables and markets don't move to science - it's an odds game.

The biggest laugh is - computers that are supposed to predict in advance.

Prediction is just another word for hoping or guessing - try it and the prediction will be as accurate as your horoscope.

The way to trade is to catch high odds trades and there is a great currency trading system that's free and can do this, its called Richard Donchian's 4 Week Rule.

Its simple - buy a 4 week high and reverse and sell a 4 week low - that's it.

Don't think it cant make money it does.

This system has been the basis of many a successful trading system over the years and it works great in trending markets. Run it across a currency and see, you will always be in on the big trends.

Its simple, robust and some of the best traders of all time, like Richard Dennis have taken it seriously and if its good enough for his forex trading strategy, its certainly good enough for yours.

Of course in non trending markets, it will take drawdown but you can simply adjust the exit rule (see our other articles for more details on this

I once bought a computer trading system that was programmed by an ex NASA engineer and sure it was clever - but wiped my equity out in six weeks!

I never made the same mistake again - complexity doesn't equal success in forex markets and there is no correlation between how complex a system is and how much money it will make you.

So, if you want to make money with a currency trading system - keep it simple and a good place to start is to look at Richard Donchian's 4 Week Rule.

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