Saturday, September 22, 2012

Best Free Forex Education

If you have the motivation to learn FX trading, you can build your own trading strategy for free and in this article, I will give you some free sources which can help you get on the road to currency trading success.
The best way to learn Forex is to be a technical analyst, you don't need to know anything about the the news or economics, you can simply learn to trade high odds chart patterns which will allow you to lock into and hold long term trends. All the information you need, in terms of learning about the best chart patterns and indicators is free online. There are many free chart services which will have all the indicators you need and they will also explain how they should be used.
Now you have to put these into a method and you need to choose a strategy and pick a trading methodology and one of the best is one based on breakout trading. This methodology, is easy to understand and you can learn it in a few hours and soon by applying it for big profits. Next, you need to pick a time frame in which to trade and the best time frame is to follow the long term trends and aim to lock into and hold moves which last for many weeks or even longer.
FREE Trading Strategies which Have Made Hundreds of Millions of Dollars!
You then should check out some free trading strategies which have made huge gains, the two below are proven and have made huge gains. You can use them on there own or incorporate elements of them, in your own trading strategy; we have written on them frequently so look them up:
Donchian's 4 Week Rule
A simple one rule system, you can learn in 30 minutes and while the strategy is simple, it makes huge gains, so learn about this system in more detail and it will be some of the best Forex trading education you will ever get.
Turtle Trading Rules
This set of rules was taught to a group of traders in two weeks and they then made $200 million with them! The whole strategy is free online and contains all the elements,a successful strategy should including - excellent money management parameters.
Free but Valuable Sources to Get You on the Road to Currency Trading Success
All the above info is free and if you study the sources we have mentioned, you will have a powerful set of tools, you can use in your strategy, to help you make triple digit profits in 30 minutes a day - good luck!

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