The more I get into forex, the more I see ads from people selling forex trading systems. While I understand that there is no such thing as “get rich quick”, my belief is that having a “system” for trading to go along with all the education and training that can go along way towards being successful in the world of forex. Any thoughts? Also, can anyone suggest a good trading system that I can purchase? I’m simply trying to plan for success in this field. Thanks for your time.
You can also learn to use Google to find some good “systems”
But, at the end of the day, it’s not the system that makes a good trade… it’s the trader…
Psychology and emotional control and just flat experience are what’s needed to make a good trader… Any good trader, can make just about any “system” profitable…
I agree with Zs Apprentice. I think that psychology plays a key role for every aspiring trader. No matter how good your system is, if don’t have discipline and can’t keep your emotions in check, you will be burned.
No use going out and buying a shiny new car if you can’t drive it.
Learning how to trade takes time, it takes education and it takes a lot of personal responsibility, and you need to be determined in your efforts.
One word of advice is that this business now contains a lot of sharks, and I mean [B]a lot[/B] of sharks that will happily sell you a bag of magic beans. Trust no one until you yourself have proved that what they say is correct. This way you can start to build a sound library of knowledge that you can have faith in and hopefully construct a positive trading business from it.
A system has not to be a robot. A system is just a system of rules.
However, that psycho stuff myth seems to pop up like used car dealers. No, you can NOT make money with every system. Most systems are good for losing money and the best psycho cuddled mind would not help. Anyways, it’s all explained in the bp school.