What are forex systems? That’s what I’m on a mission to find out. Not so much what forex systems are. That’s pretty obvious. Forex systems are strategies and rules that traders use to trade with/by. But what are the specific forex systems out there that people are trading with? And should newcomers try to utilize someone else’s system or try to devise a system of their own?
It’s so far been my experience that some aspects of forex trading are fairly easy to understand while others are a little more complicated. My visits to forex trading forums are usually very eye-opening in that they allow me to see how very little I know about what I’m doing. It’s one thing to grasp the basics as far as learning the standard terms and getting the gist of buying and selling; but to really call yourself a trader it would seem you need to thoroughly understand forex trading to the point where you could, if you wanted, try other forex systems without getting stumped. It’s like switching from one trading platform to another and having no clue where to begin with the new platform. Someone who knows more than just the basics of forex trading would be able to trade using any platform and trade using any system.
Clearly I am a long way from being able to claim advanced knowledge of forex trading or even to know enough to be able to claim I have a system, although, I do have a system of some sort as I don’t just randomly jump in and start making trades. I do try to make trading decisions based on the activity between the currency pair of focus and based on an idea of what I want to achieve and how I want to achieve it.
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