Richard Davoud Donchyan financier and businessman
Richard Davoud Donchian is a renowned financier and trader whose name has become widely known in the world of financial markets thanks to his developments in technical analysis and innovative trading strategies.
He is considered one of the leading experts in the field of technical analysis and indicator creation. In this article we will look at the life path and achievements of Richard Donchian.
Richard Donchian was born in 1905 in Connecticut, USA. From an early age he showed an interest in financial markets and investments.
After graduating in 1928 from Yale University, where he studied economics, Richard began his career.
True, his first place of work was not a stock exchange, but a family company selling handmade carpets. The decision to take up trading came after reading the book “ Memoirs of a Stock Speculator ”
Donchan began his activities related to the exchange in 1930, not with independent trading, but with the sale of a service for traders called Security Pilot, which helped ensure the protection of assets.
Only by the summer of 1933 did he manage to get a position as an analyst at the financial and investment company Hemphill, Noyes and Co.
After World War II, Richard became a private consultant in the field of investments and finance, while simultaneously trying his hand at trading futures contracts.
The result of this hobby was the opening of a futures trading fund called Futures.Inc, which used the principles of investment diversification.
In addition to his own business, Donchyan, since 1960, worked as director of commodity market research at Hayden Stone & Co LLC, where he worked until his retirement.
Richard Donchian gained his fame and recognition thanks to his research and development in the field of technical analysis.
One of the most famous indicators associated with his name is the Donchian Channel indicator . This script is widely used by traders to determine support and resistance levels and also to analyze the price trend.
Richard Donchian is also known for his research in the field of dynamic portfolio management algorithm, which is a strategy for optimal asset allocation to achieve maximum efficiency and reduce risk.
His research has helped traders and investors develop more sustainable and efficient portfolios.
Richard Donchian quite often published his research and trading strategies , conducted seminars and master classes where he taught traders and investors technical analysis and effective trading strategies.
In addition to his activities in the financial industry, Richard Donchian has also been a supporter of philanthropic and charitable initiatives.
He actively supported educational programs and funds aimed at supporting young entrepreneurs and educational programs in the field of finance.
Thanks to his many years of experience and deep knowledge of the markets, Richard Donchian has become a respected expert and advisor to many financial institutions and investors. His strategies and indicators are still used by traders and investors around the world
Richard died at the age of 87 in 1993, in the same year the Richard Davoud Donchian Foundation, a charitable foundation dedicated to children's healthcare, was founded.
In conclusion, Richard Davoud Donchian is an outstanding financier and trader whose developments and research have a significant impact on the financial industry.
Its innovative strategies and indicators enable traders and investors to make informed decisions and achieve successful stock trading results.