System Hopping – Part of a learning process?

System Hopping – Part of a learning process? I’ll admit it openly, when I first started trading Forex, I was

System Hopping – Part of a learning process?

I’ll admit it openly, when I first started trading Forex, I was a System Hopper. I used to check out different trading strategies. I don’t have a finance degree, no-one taught me forex trading, nor could I afford a expert mentor, so I had to check out different trading strategies for myself.

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Many experienced traders criticise “System Hoppers”. The accusations levelled against these new traders is that you’ll never get anywhere if you continually test a system for a couple of weeks and then move on to another because you didn’t see a gazillion pips after trading it. I totally agree with this criticism – up to a point. Yes, you won’t get anywhere if you keep doing this – for that particular system. However, what I realised after testing so many systems was – “is every friggin system just BS?” Or could it actually be me?

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Was I the one that wasn’t giving full justice to a well thought out trading system? Was I the one ignoring its rules, entering every trade blindly, not even thinking about my entries?

You know what, I realised it was me. I’m not saying every system is a good system (actually, only a few are), but the point is that maybe “System Hopping” is part of the process that makes a trader. Not every trader was a System Hopper, but I certainly was, and even though it’s folly to jump from system to system, it definitely opened my eyes that I needed to study, work hard, and actually think about each trade I enter…

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