Forex Trade – Intelligent Forex


Get Free Forex Education From Trading Legends!

Posted in Forex Education by intelligentforex on January 5, 2010
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Forex EducationIf you look online, you can find plenty of Forex education from some great traders and you can get it for free. Here we will look at some free info from great traders which can help lead you to currency trading success…

Let’s look at a few true market masters and see how they can help you become a better and more profitable trader.

Dow Theory – How and Why Markets Really Move

Dow Theory is essential education for anyone wanting to know how and why markets move. Charles

Henry Dow (1851-1902), was a founder and former editor of The Wall Street Journal and his theories were later refined by William Hamilton and Robert Rhea to give traders a theory that shows you how and why the markets really work and how you can profit from price trends.

Dow compared the movement of markets with the behaviour of the sea, the primary trend in the market corresponds with the direction of the tide, the secondary reactions within the primary trend are waves, and the movements within the trend are the ripples on the waves.

Dow knew that markets could not be predicted and they can’t, despite what many so called experts may tell you. The good news is you can see repetitive patterns which are a reflection of human psychology and they can be traded for profit.

Forget all the predictive theories such as Gann, Elliot and Fibonacci and study Dow theory; if you do you will understand how to win with technical analysis, how to catch trends and how to trade the odds.

Richard Donchian – The Grandfather of Modern Trend

If you haven’t heard of Richard Donchian you are missing out on great insight from a true market master!

Donchian’s 4 Week Rule is one of the best free Forex trading systems you can get and will beat all the heavily hyped Forex Robots you see sold online. If you use this system you can enjoy currency trading success, with a fully automated system which has made savvy traders, huge gains for over 25 years.

His general rules for trading and his rules for using technical analysis are also essential Forex education.

Richard Donchian didn’t begin trading his automated trading systems until the age of 65 and he then carried on into his 90s, showing you’re never too old to be trading! He was a true innovator in terms of technical analysis and the fact that his trading methods form the basis of so many trading methods still used today, shows the value of his work.

Theories the Pros Take Seriously and so should You!

The theories above are the ones other trading legends take seriously and include such great traders as, Vic Sperandeo, Richard Dennis and many more. If these great traders take them seriously so should you.

You can find more information about the above theories free online and you should study it and learn from it.

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