Forex trading systems are trading templates that you load onto your charts so that they can analyse currency pairs for entry and exit signals. They usually include a combination of technical indicators which must agree for a signal to be generated. Some systems will also suggest price levels to place the stop loss and take profit.
A forex trading system is a manual forex trading strategy that you can use to assist you with your trading. They are usually colour coded and thus can be easy to interpret, making them suitable for traders of all experience levels.
Trading systems can be used standalone or as part of another system. I prefer to filter the trading signals generated by them by using my own technical analysis, fundamental analysis, sentimental analysis and price action analysis.
You can run the trading system on multiple currency pairs and chart time frames whilst many can alert you to trading signals via platform pop-up alerts, SMS or email. This enables you to simultaneously monitor multiple charts without having to sit and stare at charts all day.
Whilst some forex trading systems can produce good trading opportunities, traders need to have good forex money management principles in place, a trading plan and strict trading discipline. I would also always practice on a demo trading account until I become familiar with a forex trading system and continuously make profit with it. Only then would I even consider trading it on a real live account.
In my forex trading system reviews I give you my honest opinion, only you can decide which is the best forex trading system for you. It is important to use a system that makes you feel comfortable.
In this post I will be reviewing the Daily Pips Machine which is another manual forex trading system for the popular and free to download forex trading platform MetaTrader 4. Daily Pips Machine is suitable for any level of forex trader no matter how much experience you may have. It ..Read More
In this post I will be reviewing the Morning Pips manual forex trading system that is for trading before breakfast! Now this is a great idea and wherever you are in the world the time you eat breakfast will differentiate but it doesn’t matter as this manual forex trading system ..Read More
In this post I will be reviewing the 500 Pips A Week Forex System. This is a manual forex trading that you can use to trade the forex market. Now, the name suggests you could make 500 pips a week which would be fantastic however is very unrealistic in my ..Read More
In this post I will be reviewing Karl Dittmanns Super Profit Scalper manual forex trading system. This is another manual trading system developed and made commercially available from Karl Dittman which is focused on providing you with easy to follow trading entry and exit signals. It runs as an aesthetically ..Read More
In this post I will be reviewing Karl Dittmann’s Pips Wizard Pro indicator for manual trading forex on the MetaTrader 4 trading platform. The Pips Wizard Pro signals are very easy to follow making this a manual trading system suitable for all levels of forex traders whatever your experience may ..Read More
In this post I will be reviewing the Scientific Trading Machine by Nicola Delic. This is a manual forex trading system packed with tools. The developer compares the system to “having a crystal ball” and mentions names such as Rothschild and George Soros which is certainly very wealthy company to ..Read More
In this post I will be reviewing the Forex Triple B trading strategy. This is a manual forex trading system designed by forex mentor Vladimir Ribakov. I have reviewed his forex software and services in the past and have always been impressed by the sheer amount of detail and understanding ..Read More
In this post I will be reviewing the Forex Incognito manual trading system. Forex Incognito is a manual forex trading system specifically designed to use for trading on the free to download MetaTrader 4 trading platform. It is a price action strategy based around the open, close, high and low ..Read More
In this post I will be reviewing the Trend Viper MT4 Trend Indicator. This is a customisable trend indicator and dashboard for the free MetaTrader 4 trading platform which gives you buy and sell signals based on what it deems to be market trends. It gives you the signals for ..Read More
In this post I will be reviewing the popular Forex Enigma forex trading system by Karl Dittmann. Forex Enigma is an easy to use trading indicator for MetaTrader 4 charts that can give you trading signals for buy and sell trades. It is a visually appealing indicator with clear instructions ..Read More