Traders have been in debate to what the best Forex trading strategies are for years. That debate is very likely to continue for a lot more years to come. What most people who are new to Forex trading need to know is what’s the very best and how can we identify it as the very best. I would like to first of all think about what a trading strategy would be then look at two different kinds and asses them both.

A Forex trading system or strategy is simply a set of principles a trader will use to enter, exit and correct his commerce. The response to that is the best can’t be determined simply by taking a look at the results of a plan but by taking a look at the dealer as well. Psychology is the single most significant problem traders’ face when taking a winning or losing commerce. The ability to be able to follow your own rules during a losing or winning transaction can be challenging. It is for this reason most traders will turn to automated trading systems to conquer the psychological issues they’re confronted with. Automobile trading using EA’s has its advantages but it’s an established actuality that markets are in fact random that means a plan working today may not work tomorrow.

What about a mixture of both?

How often have interactive brokers management taken a transaction with all your analysis in mind then left early or never taken the trade in any way. A common situation is not carrying the planned transaction because you could not commit then taking a random trade which wasn’t intended and losing. Sounds ridiculous when you read that situation but it happens every day.

Imagine a system where you can use your analysis to set up a trade then use a trading platform to take over and execute your settings so you didn’t possess the knowledge to take care of. The fantastic news is these trading strategies are about but not many men and women are giving them away. You could however have a program coded for you which takes trades according to your principles and eliminates the psychology.