subject: Free Forex Education - The Best Free Currency Trading Info For Huge Gains! [print this page] Many people will tell you that you can beat the market and they sell hundred dollar systems which they claim make huge profits with no draw down but if they did work, the vendor wouldn't sell them he would be to busy making money! Forex trading success is not just about getting the right education but also, adopting the right mindset - lets look at both areas in more detail.
Building Your Own Trading System
If you want to build a strategy, all you need to do is learn the high odds chart patterns and add some indicators to time your trades better and your all set. A system needs to be simple not complex, because load up your system with to many indicators and you will have a system with to many indicators to break. So don't make more effort than you need to which getting your Forex trading strategy together.
You can learn about all the indicators and chart patterns, free online and it should take you no more than a couple of weeks to get a system together which can make big currency trading profits. If you don't want to build your own system, you can get some free ones...
FREE Trading Systems Which Have Made Millions
If you want to get a ready made system which has made money the to best free ones to use are - Richard Donchian's 4 Week Rule and the Turtle Trading Rules.
The 4 Week Rule is a one rule system based on breakouts you can learn in 30 minutes and it will get you on the side of all the big trends - it may be simple but it makes huge gains. The Turtle trading Rules are the rules, devised by trading legend Richard Dennis which he taught to a group of novice traders to use them and the rest is history - they made several hundred millions of dollars and many went onto become trading legends.
Both the above systems, are based on Breakout trading which is a timeless way to make money and is definitely a strategy any trader should use.
A word of Warning
You can learn everything you need for free and even get free trading systems but to make them make money for you, you must trade with discipline. This means accepting the fact ( which most traders don't ) that short term losing periods are a fact of trading and in these periods, you must keep losses small, until the big trends and profits re emerge.
If you want to learn to be a Forex trader and win you can with the best free Forex trading education like the above.
Forex trading can be learned by anyone, is fun and can be highly profitable so check out the above Forex info and get on the road to trading success.
