Traitor: First off, welcome aboard!
Are most systems geared towards more profit than loss?
Um� Yeah, in general we�re looking for more overall profits than losses. (sorry � couldn�t resist.)
Relative to your question on systems available �out there/in here�, there are hundreds of vendors offering �automated� trading systems and �purely mechanical� systems. I�m sure you�ve run across more than a few. Many of them show consistent account growth with acceptable drawdown over X historical period. The trick is that these are often just back tested [U]theoretical[/U] results, [U]not actual[/U] trade results. I believe there are more than a few traders on this site that could create a system that would back test equally well and �show consistent returns.� IMHO, the problem with any of these, of course, is implementing the system going forward. (Can you system guys add to this? Elang, james, pipbull, pipgod� Anyone?)
Which system works best? IMO, often the answer is in the operator�s skill and understanding in applying the system. No matter what approach you choose, you have to put in the time to learn the �system� [U]as well as[/U] learn a few things about the market. For example: As a trader, should you take a valid signal generated by your system immediately before a major news release, or is it more prudent to ignore it and wait for the next signal? What are the considerations in your decision to ignore the signal or to execute the trade? (Does anyone else care to share an experience with this?)
I don�t know what your life experience is or what prompted you to consider trading the forex. The Babypips school and forum is a great place to start. The school won�t answer all your questions, but it will help guide your thinking. The forums can be confusing when you start out, but stick around � some of these guys seem to be doing well. Bottom line: No one can hand you a system, give you a set of rules, and guarantee you a consistent return. Take some time to explore and add to your understanding of the market before you begin trading. The market will be here tomorrow. Best of luck in your trading�