It’s very important that if you’re exploring forex trading or already trading that you have a trading system. One aspect of that trading system are the actual setup rules which usually contain entry and exit techniques. Traders put a lot of time and effort in developing these setup rules too often neglecting other aspects such as position sizing or relative size of your profits compared to losses. Therefore it’s important to find a comprehensive forex trading system.
Where can you find a comprehensive forex trading system?
Throughout the last three years, I’ve been through many trading systems obtained mostly from books, forums, or other websites. I’ve found that almost every time, I’ll mold that system into something totally different than the original incarnation, something that fits my personality and style of trading being that Im a trader on the forex exchange CA. Many times, the original system will also need to be expanded to include things that were neglected or forgotten. Those of you searching for the perfect system may find this method of modifying existing forex trading systems desirable. There are places where you can find the whole package without any need for modification.
This brings me to the question, "where did you get your forex trading system?" I think there are four main ways of getting a trading system:
-Buy it. There are tons for sale out there on the net but heed caution. Many were just copied from forums, books, or other websites. Sometimes when you buy forex education, part of the package will include a trading system. For instance, Rob Booker provides his Arizona rules as part of his mentoring program.
-Get a free one. There are many free systems that can be found in books, forums, or other websites. I guess one can question whether a system found is a book is free since you paid for the book.
-Check out the automated systems below which I personally use and recommend.
I highly recommend checking out the both forex megadroid (sells for $97/$2oo minimal investment/trades w/95% accuracy rate): http://forextradingexpert.mirrorz.com/
and the fapturbo automated trading system ($149/highly accurate/$200 minimal investment): http://ezforexprofits.mirrorz.com/
Both products offer a 60 day money back guarantee, allowing you plenty of time to see if it's right for you by trading in a "demo account" until you're comfortable trading with real money.