|
It always amazes me that traders continually buy the vast number of cheap Forex robots sold online which obviously don't work, because there all just simulated trading going backwards( knowing the closing prices which is easy and ignore some great free ones which have made real money and lots of it! Here we will look at a strategy, any trader should look at and it's Free. To give you some Forex education there is no better strategy to study than the one Richard Dennis developed and gave to a group of novice traders to use to prove that anyone could make money at Forex trading. Dennis gave them the strategy called the "Turtle Rules" and taught them to have confidence and use it and after just two weeks trainng, the results of these rokkie traders was staggering: They made $200 million in 4 years and the experiment went down in trading history and is one all traders should learn. The strategy is free online and still works today albeit it's not as effective as it once was, due to changes in market volatility but if you look at it, you will see it has everything a good strategy should have, It's based on trading the reality of price change via breakouts, its logic is easy to understand and it has excellent money management rules. I personally love the money management rules and any trader should look at them; if you study the system you will see it losses far more trades than it wins but its winners are far bigger than its losers and that is the aim of Forex trading - keep your losses small (you are going to have them so this is essential) and run your profits. In interviews with the traders, they all comment that learning the strategy was easy but implementing it was far harder, when you have to keep taking losses and have to keep them small and it's as true today as it ever was, that most traders lack discipline to stick with a system. You can learn discipline and it's based on confidence in what you're doing and adopting the right mindset which is to win you need to take your losses cheerfully. If you want some good Forex education look up this strategy and you will see how a good strategy is constructed and read some of the interviews with the traders who used it and always remember to enjoy currency trading success, you don't need to be clever or have a college education, you need to have a simple system, you have confidence in and can apply with discipline. NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE For free 2 x trading Pdf's, with 50 of pages of essential Forex info on the BEST Forex Trading Techniques and win, visit our website at: http://www.learncurrencytradingonline.com
Related Articles -
forex education, free forex trading strategy, forex trading, online forex trading, currency trading, fore,
| 
