Forex Beginner : Rictough Donchian created a trading system several years ago that was used mainly on commodities (and stocks)owever with so several people now choosing to trade the forex markets, it truly is worth discussing how effective this system can be trading the major currency pairshe system itself is relatively simplet is basically a breakout system which aims to take advantage of new 4 week highs and lowsou simply go long when a new 4 week high is made and go short (or close long positions) when a new 4 week low is madehis does sound far also simplistic but it can truly be a fairly profitable systemhe reason why it is so effective is considering that these new 4 week highs or lows usually mark the beginning of a new long-term trendhese trends can last many months and can yield substantial profits so they will usually cancel out numerous of the losing trades that grow to be false breakoutsn the forex markets this system tends to work well given that currencies will often t ... [Read More : Forex Beginner]
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