If you want to learn to trade successfully, you can get a head start in your education by learning from the best Forex traders and here, we will look at two trading legends and the systems they developed which are free and have made hundreds of millions in profits. Let's take a look at them in more detail...
Most traders who start Forex trading, decide to buy one of the numerous Forex robots sold online which promise unrealistic gains, with little or no drawdown and they soon get wiped out. These systems are mostly devised by marketing companies NOT traders, who employ programmers to make systems in hindsight knowing the closing prices; this however is easy but the real challenge is making money without knowing the price in advance but the really good news is - the free systems below have made hundreds of millions in real profits!
The first system to look up is by the grandfather of modern trend following Richard Donchian and it's called the 4 Week Rule. This system has one simple rule and makes a lot of money. Many people think its to simple to make money but some of the top traders in the world are fans of it and it's been making money for over 25 years and will always make money as long as markets trend.
The second system you should look up is from one of the best Forex traders of all time - Richard Dennis and his free system is called the "Original Turtle Trading Rules". This set of rules, was given to a group of people who had never traded before and after two weeks studying it, they went on to make $200 million dollars in under four years. This system is worth studying for the money management rules alone, all systems need sound money management and this one has excellent rules to help you keep equity intact.
Learn from the Real Pro's
The above systems have periods of drawdown (all systems have periods of drawdown even the best) but if you look at them, you can see how a successful trading strategy is devised and can either, use the systems on their own or incorporate them in your own trading strategy to increase profitability. There free so, look them up and you will be learning from two of the best Forex traders of all time.
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