Posted by simplefx

I have been trading for nearly three years now, and the first thing people ask me whenever they are at my house and see my monitors with all the charts and live news on is… what is the best trading system?

My first reaction is to smile and think to myself, “if it just was that easy”!

It is not that I am mocking them or that I am being cocky because I know I thing or two about trading forex, it is just that I remember my early stages and all the struggles I went through in order to answer that question, and up to this day I remain very cautious when it comes to using a new trading system or tool.

Sure I like to try new things that might improve my skills or my performance withing the markets, but I know that if you are not careful you can die (financially) trying.

There is not a more horrible feeling than the sight of your trading platform displaying a big zero after you have blown out all of your equity because of a low quality trading system.

Now, coming back to the issue at hand, and what do I say to friends and acquaintances when they ask me what is the best forex trading system, well, I simply tell them: the one you can better use and understand.

You see, to me a trading system is pretty much like wine, there are very expensive ones and some of them are arguably the finest, but in the end, you might find yourself opening a $300 bottle of wine you simply do not like.

So, you have in your hands a very fine wine, yet it does not suit you, because maybe you are inclined to different textures and aromas, so the right one for you is simply the one you like best.

It is the same with forex, when you are trading you need a system that suits you, that is easy to follow and turn into a discipline, and let me explain a little bit what I mean by this:

There are systems you can find in advanced trading courses and other sources of forex training or even software, that will require for you to remain a good share of the day, and even the night scanning the markets for the ideal settings to enter a trade.

Some of these training courses might include custom indicators and alerts to make it a bit easier on you, but still, you will have to remain attentive for long periods of time in order to make the system work.

If you are the kind of person that cannot stand to be seated during a 4 hour period constantly checking a monitor with charts and numbers, then no matter how good that system is, you will not be able to trade successfully with it.

On the other hand, you may find forex systems that while generally good and effective are somewhat unsuitable for the risk averse person, because the might get you into trades that will remain floating at 80-150 pip against you, and depending on the lot size you are using that can be a lot of money and a great deal of stress that you might or not be able or willing to handle.

I could keep going on and on and still I think I could not reach a definitive answer to the question in hand. The most I can do is give you a three simple guidelines to help you find the right forex system, not for the world, but for you.

If you answer the question yourself, it is likely that it will be the right answer because it will be formed around your own needs as a trader.

So, what is the best forex trading system?

• First, one that you can put to use, so make sure that you find out how the system works and what are the time requirements for the trader in order to execute the strategies that comprise the package.

• Secondly, one that has some kind of track record that you can verify to some extent.

• Lastly, always put the system to a good period of testing, as this will actually tell you whether it is suitable for you and reliable for live trading. Be patient and do not rush things, as this is the last thing you can do in forex and get away with it.

Abide by these simple guidelines and you are sure to land on a forex trading system that will really help you perform like pro.

You are welcome to checkout our reviews and user opinions about some popular Forex software and services.