2Bull Forex Blog

Forex trading systems are big business online, as they allow you to save time and delegate trading signals to automation and keep emotions out of your trading but what makes a successful one? Let’s find out…

The first thing to do when looking for a Forex trading system is forget all the so called Expert Forex Advisors ( EPA’s). You have seen them 200 dollars or less buys you an income for life and you can double your equity each month with no drawdown.

These systems give the Forex industry a bad name and lose money. There not devised by traders but by marketing companies and come with simulated, made up track records, or ones with no independent verification.

If you want a good trading system, get one with the following elements in it.

1. Track record of real gains
2. Growth rates vary between 30 – 100% per annum depending on draw down
3. Expect 20 – 30% losses at times and them to last a few weeks
4. Look at the methodology it should be simple and easy to understand
5. Look for ease of operation and good technical support.

If you check those criteria you will find some great systems but understand you must know something about Forex trading which enables you to understand why the system will win long term, so you can trade it through losing periods with discipline.

A FREE Forex Trading System

You can also get free systems which make money online and one of the best is the 4 Week Rule.

Devised by trading legend Richard Donchian, you can learn it in about 30 minutes and you dont even need a computer to follow it – it has one simple rule. The system trades breakouts, is easy to understand and use and makes huge gains. It’s been at the heart of many a successful Forex trading strategy and can make you money too.

Be Sensible!

If you are expecting to get rich overnight and never have a drawdown period, you’re in for a shock but if you are prepared to look long term, do your homework and be realistic the long term gains for the effort you have to put in are huge.