Which is the best Forex System?
Tough question, tough answer. Here’s a typical answer you might get on a given forum, “The best system is yourself”.
Yeah ok, but that’s not really helpful. The issue is when newbies ask “What’s the best Forex system?”, there are two MEANINGS to this question. The first meaning is often, “Give me the best, most profitable EA/indicator now dammit!”, whereas the second meaning is a very legitimate question, meaning, “Which system do the experienced traders here advise a new trader like me to test out for a few months (obviously applying good MM)?”
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The problem is that most people just automatically assume that when a newbie asks “What’s the best FX system?”, they’re referring to the first meaning. Not necessarily the case. Everyone was a new trader at one time, everyone had to test out systems to get the hang of it, everyone made many many mistakes before they got to a stage where they could even manage a break-even month on a relatively consistent basis.
Ok then Mr. AshFX, you gonna tell us what actually is the best system? No, I’m not going to say it’s my AshFX V2 System, because that would be sheer arrogance.
The truth is, there are many good systems out there, and whilst I don’t want to mention any names, I’ll let you in on a little secret: Look for a system that stresses the importance of Support and Resistance & Price Action…