Where to find a good Forex trading system ?
If you want to be consistently successful in Forex, you need a trading system.
Beginner traders as well as experienced investors always search for the newest more efficient ways to trade and profit in Forex
Whether you are looking to write your own Forex trading system or borrow and
improve an existing one, there are several, so far the best, websites,
which could be of a good help
Forex-tsd.com — huge resource, known mostly for its best custom made MT4 indicators, has a good section with Forex trading systems.
Forexfactory.com — another huge forum with lots of free Forex trading systems, strategies, ideas, as well as expert advisors.
Forex-strategies-revealed.com — a neat collection of quality Forex trading systems: from simple to advanced
Why there is so much talk about having a Forex trading system?
- Without a trading system you won't be able to analyse what you did right and what you did wrong.
- Without a trading system your trading preferences will change all the time: every new trade could easily have different reasons behind it.
- Without a trading system you can be late on entries due to constant hesistation as a result of battling with your intuition or a sudden second opinion.
- Without a trading system you'll have more doubts about the best time to exit a trade or the best place to keep a protective stop.
- Without a trading system you cannot trade consistently and demand a disciplined trading from yourself.
- Without a trading system you cannot fully work out your money management and risks.
- Without a trading system you'll be prone to fear of losing and every time you would need to regain the confidence.
All-in-all it is difficult to trade Forex without a trading system.
So, you've found a good Forex trading system. Now what?
Most obviously you'll begin testing it on your Forex demo account
No comments:
Post a Comment