You can of course, buy a FOREX trading system and many sites and advisers can help you locate the good ones, but nowadays it’s pretty easy to build your own.

Perhaps the best method is a breakout method (it’s easy to understand and apply) and is described in our other articles. Simply combine it with some oscillators and your all set.

Many trading packages will let you apply your own rules and test them with realistic slippage and commission.

A FOREX trading system you have built and understand thoroughly yourself gives you a huge advantage, as you will be able to apply it with confidence and discipline which you will need to stay with a system, through periods of drawdown.

You should make your trading systems trade ALL markets with the same rules.

One of the biggest errors traders make is falling for systems that have “unique” rules to trade different markets.

What this basically means is that the vendor cannot get the system to work on the market, so its “curve fitted” i.e. the rules fit the data in hindsight. Beware of such mistakes when creating your own system.

Makes sure you have a long term trading system

There is a huge market selling short term and day trading systems, but fact is they don’t work as well as long term trend following trading systems.

Verificate EVERYTHING

While past performance is no guarantee of future performance some evidence of the system trading successfully is a must. FOREX is a dish best served checked.