Forex Trading System Reviews

Here are my forex trading system reviews containing all of the forex trading systems that I have reviewed over the years. Each forex trading system review includes the key features, explanation of the trading strategy, summary and an overall rating.

What are Forex Trading Systems?

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.

I personally prefer to trade the higher chart time frames as I find that they tend to have less noise than some of the “choppier” lower time frames. Furthermore, I would trade major currency pairs such as the EURUSD & GBPUSD as they tend to have plenty of liquidity and some of the tightest spreads.

Most forex trading systems have been developed to be used in the popular and free to download MetaTrader 4 (MT4) platform which is available to download for free from most online forex brokers. If you are looking for a broker, I have a page dedicated to the best forex brokers.

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.