Richard Davud Donchyan financier and businessman
Richard Davud Donchyan 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 technical analysis and indicator creation. In this article, we will explore Richard Donchian's life and achievements.
Richard Donchian was born in 1905 in Connecticut, USA. From an early age, he showed an interest in financial markets and investments.
After graduating from Yale University in 1928, where he studied economics, Richard began his career.
His first job wasn't at the stock exchange, but at a family-run company selling hand-woven carpets. The decision to take up trading came after reading the book " Memoirs of a Stock Operator ."
Donchan began his exchange-related activities in 1930, not by trading independently, but by selling a service for traders called Security Pilot, which helped ensure asset protection.
It was only in the summer of 1933 that he managed to get a job as an analyst at the financial 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.
This passion resulted in the opening of a futures trading fund called Futures.Inc, which used the principles of investment diversification.
In addition to his own business, Donchyan worked as a director of commodity market research at Hayden Stone & Co LLC from 1960, 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 well-known indicators associated with his name is the Donchyan Channel indicator . This script is widely used by traders to determine support and resistance levels and analyze price trends.
Richard Donchian is also known for his research in the field of dynamic portfolio management algorithm, which is an optimal asset allocation strategy for achieving maximum efficiency and reducing risk.
His research has helped traders and investors develop more sustainable and efficient portfolios.
Richard Donchian has frequently published his research and trading strategies , and conducted seminars and workshops where he taught traders and investors technical analysis and effective trading strategies.
In addition to his work in the financial industry, Richard Donchian was also 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 consultant for many financial institutions and investors. His strategies and indicators are still used by traders and investors worldwide.
Richard died at the age of 87 in 1993, the same year the Richard Davoud Donchian Foundation, a charitable foundation dedicated to children's health issues, was founded.
In conclusion, Richard Davud Donchian is a prominent financier and trader whose research and developments have had a significant impact on the financial industry.
Its innovative strategies and indicators enable traders and investors to make informed decisions and achieve successful results when trading on the stock exchange.
