FOREX

[siriusradio]

Ive been surfing around reading up on forex and there are many systems that claim to be profitable if followed correctly. Has anybody tried trading any system, and how was your experience?

[joop]

You are much better off designing your own system, than using somebody elses. If you are using somebody elses system, how are you ever going to have any faith in it? Systems generally have a tradeoff between expected return and expected drawdown. How are you going to feel when the system you're trading enters a long period of drawdown? How are you going to have confidence in the system you're trading when it's entered 10 losing trades in a row? You're much better off trading with some discretion, based around a set of rules that you've developed yourself. Then you can trade with confidence.