If you want a free currency trading system which beats all the cheap Forex robots sold online you should consider the one enclosed which has been making professional traders,great gains for over a quarter of a century and you can use it too. Its a free trading system and all you need to know about it is enclosed in this article.

The system we are going to look at is from a true trading legend – Richard Donchian and since he developed it in the late nineteen seventies to trade commodities, traders have been making money with it ever since and it works on any trending market and because Forex markets trend so well, its an ideal tool to use in your Forex trading strategy for bigger currency profits

The 4 Week Rule is simple one rule system and the trading signal is generated in the following way:

Buy a currency when it breaks to a new 4 week high and hold the position until a new 4 week low is hit and liquidate the long and go short. After this is done, you keep taking positions as new 4 week highs and lows are hit and always keep an open position, in the currency pair your trading.

The 4 Week Rule and Generating the Trading Signal

This system is simple but its simplicity doesn't mean it doesn't make profits, it makes great long term profits. Always keep in mind that simple Forex trading systems work better than complicated ones, because they are more robust and have fewer elements to break. Forex trading is an odds market, there is no science to market movement or some hidden order, your simply playing the odds and when doing this, the 4 Week Rule works very well and is based on timeless logic which will never go out of date.

Logic Behind the 4 Week Rule

If you look at any currency, you will see it trades for long periods up or down and these trends can last for weeks, months or in some instances years. If you look closely at any currency trading chart you will also see that all big trends start and continue by breaking to new market highs or lows. As long as markets trend the logic of the 4 Week Rule will mean it's effective and in a free market, you will always get trends.

Discipline and the 4 Week Rule

If you want to follow the 4 Week Rule, you need to be disciplined, as it's not fussy about entry in terms of its trading signal and at the end of the trend, it will give a good bit of profit back but think about it this way – You don't know when a trend will end anyway and if you caught 50% of every major trend, you would be very rich. If you look over the long term and ride out short term draw down, you will find the system will deliver you great long term Forex profits.

A FREE Trading System Anyone Can Use

The 4 Week Rule is profitable and can be operated in less than 30 minutes a day and furthermore, you don't even need a computer to do the calculation, you can do it in your head. If you use this trading system you will be in very good company, because even great traders like Richard Dennis were fans and if it's good enough for him, its good enough for you!

This simple, currency trading system makes money and if you use it in your currency trading strategy, you will have something for free which makes money and while Richard Donchian has passed away, we should all be grateful for this highly effective currency trading tool for profit. Check it out, you have everything to gain and nothing to lose by doing so.