You can buy one the numerous cheap Forex Robots online but none of the heavily advertised ones will produce the profits of the free Forex robot enclosed and everything you need to know about it is enclosed.
The robots sold cheaply online, all tend to have one thing in common - they don't have real verified track records of making money.
Look closely and you will see, most are paper simulations going backwards knowing the closing prices and a few, put up account statements your supposed to believe but with no verification from an outside source. In fact these robots are not even designed by traders, there deogned by computer programmers, who can only make money knowing the closing prices and when these robots get traded for real by the user they lose quickly.
Our free Forex robot is designed by a legendary trader, Richard Donchian and has made money for over 25 years. His simple system is admired and used by some of the worlds top traders and has stood the test of time. Don't think its complicated though it couldn't be simpler, it only has one rule which is outlined below:
Buy a currency as it breaks to a new 4 week high and then maintain the position until a 4 week low is hit and then reverse the position to a short. All you have to keep doing after this, is reversing as new 4 week highs or lows are hit.
Now that is very simple and all the best trading systems are - but it makes a lot of money and will always work and the reason why is obvious:
Forex markets trend for long periods of time and all the best trends start and continue from breakouts.
Will most traders use this system? No they won't and there are several reasons why.
Most traders lack discipline and can't hold long term trends and most traders cannot accept periods of losses ( all systems have them though) but traders hate them and either quit or deviate from their system and lose. If however you have discipline to use this system and follow the trading signals, it will make you a lot of money over the longer term.
So you can either buy a robot with a fancy name, glossy packaging and a simulated track record by someone who has never traded before or you can get a Free Forex robot, by an acknowledged trading legend. with a track record of real money gains over 25 years - not a hard choice really!
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For free 2 x trading Pdf's, with 50 of pages of essential Forex info and the BEST Currency Trading Strategies visit our website at: http://www.learncurrencytradingonline.com.
Article Source: http://EzineArticles.com/?expert=Kelly_Price
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