Taken from Forex STF
There are so many currency exchange day trading systems that it can be very hard for a trader to find the best one. Actually when you think about all the variations that you could have on all the possible technical analysis tools, there must be an infinite number of possible systems.
Naturally, if there was one best system that topped them all and worked for everybody with assured profits, we’d all be employing it. But this is actually impossible. Each time somebody earns money in the currency market, somebody else has to lose. Sure, some of the slack is taken by individuals who are exchanging currency because they actually need it for import and export, travel or investments. However , the massive majority of the currency exchanged each day belongs to traders.
So we should celebrate the variety of currency exchange day trading systems in the same way that we celebrate biological diversity, and just go look for one that can work for us. Forex day traders need to act fast to maximize their profits so you do not want to be having to take a look at a million different indicators before you can open a trade. Checking 2-3 signals in 2 time frames is lots.
Has it got a lot of Winning Trades?
Most people work well with systems that have a relatively big number of winning trades. The reason behind this is purely mental.