Best Forex Trading System Review

The question has a very simple answer: There isn't any one-fits-all system that will perform best for all traders regardless of their circumstances. The reason for this being quite simple as well - traders are human beings and as humans we react differently to the same market situations. What is the best forex trading system for a particular trader might therefore not be totally unsuitable for another trader.

To name just one example: Many experienced traders trade without utilizing a stop loss. They have a good reason for this - it gives the market the opportunity to 'breathe', to go through it's ups and downs before eventually moving up.

These traders are experienced and strong enough, however, to immediately cut their losses the moment they realize that the trade is permanently heading for a loss.

If you're one of the numerous traders, however, who tend to cling to losing trades in the hope that it will soon turn around and turn into a profitable trade, your trading system must at all times incorporate a stop loss before your go into a trade. Not doing this simply means your weakness to hang on to losing trades will inevitably ruin you.

The same is true of profitable trades. To make any real money with trading you don't just have to be able to cut losses, you have to be able to allow profitable trades to reach their full potential. If you get greedy and cash in on a trade too early, you will end up with a lot of small profits that can easily be wiped out by a single loss. Your trading system therefore needs a 'take profit' level as part of every trade.

The most suitable forex trading system for a particular trader is thus one that incorporates his own weaknesses and strengths. It should also take into account his financial situation. Somebody with a hundred dollars in his trading account can after all not use the same system as a trader with a million dollars in his account.