The point is, if you want to be successful trading Forex, you MUST have a plan, or set of rules to guide your trading. Now, regardless of whether you study everything you can get your hands on about Forex Trading and come up with your own system, or follow a Mechanical Trading System ALREADY producing great results... there is one big problem!



No Mechanical Forex Trading System Is Perfect

Yes, it is true. There does not exist a mechanical trading system that delivers 100 percent winners. But the good news, is you don't have to win all the time to be profitable trading Forex. You can still be profitable while breaking even on your wins and losses if you have proper money management in place! So, not being 100% is really not the problem. But is is a factor that leads to the problem.

The Search For The Holy Grail Forex Trading System

Since no mechanical Forex trading system is perfect, it leaves room in traders minds for doubt. Even if they are using a system that makes them consistent profits, they are still looking for something better. And what happens is they start jumping from one system to another looking for something better.

And this is the big problem. When traders are off searching for a better mechanical trading system, they are not trading the system that already works profitably. They keep buying more products. They keep testing more systems. They won't commit to trading ANY system until they find the PERFECT system (which we already know doesn't exist).

How To Eliminate This Problem

I believe the fastest way to eliminate this problem is to choose a mechanical Forex trading system ALREADY getting great results and then dedicating yourself for a full 30 days to using the system. ONLY open charts with that ONE system and ONLY trade that ONE system for a full 30 days. Keep track of all the trades you make. your winners and losers, lot sizes and risk management, etc.

At the end of the 30 days, I'm sure you are:

1. Going to be a better trader. After all, when you practice only 1 trading system you are going to get better at it. This usually results in more profits!

2. Going to make a lot more money. After all, when you are searching, testing and playing around you are NOT making any real trades!

Don't keep thinking the grass is greener on the other side. Pick a mechanical Forex trading system and stick with it. What you'll learn when you stop chasing down every wild promise is amazing, and can make you the profitable Forex trader you've always wanted to be.