Forex manual trading systems: Which one is the best? As a Forex trader, it’s no doubt that you must learn Forex better in order to make best of your trading. At this point, you shouldn’t miss trading system since it can lead you to gain success in the Forex market. When it comes to trading system, Forex market has both manual and automated system. In this article, we will focus on the manual one.
Best Manual Trading Systems in Forex
Practically, manual trading system needs comprehensive monitoring of the Forex market on your personal computer, laptop or mobile device. A lot of traders find it to be tiresome system. That’s why there are many of them who find out a way to formulate the process less time consuming yet more profitable for them. And here are some of the best manual trading systems to learn.
G7 Forex Trading System
First of all, there is G7 trading system which owns justified reputation among Forex traders. Many claim that it only takes around 10 to 20 minutes a day to come back with consistent and significant profits. For sure, your Forex proficiency level needs to play a role in this case. However, it can be hard for new traders to master this manual system in time.
#1 The Benefit of G7 Trading System
What makes this manual trading system beneficial is that it offers outstanding risk and reward ratio revolving in profit. Moreover, it is also not hard to follow the rules and to get profitable trade opportunities. Additionally, G7 trading system is created by a Forex expert trader and has been tested with real money too. More interestingly, traders can receive free daily reports and analysis too.
#2 10 Minute Forex Wealth Builder
Next, there is also 10 minute Forex wealth builder which is considered to have qualities that are able to make it as a strong contender as the best manual trading system for Forex trading. This sytem includes two unique trading setups called breakout trade and swing trade. These setups are remarkably easy to learn. More importantly, the system is explained in a very simple way.
Moreover, this system is supposed to work 10 minutes a day only. After the daily candle closes, you search for breakout or swing trades in the everyday charts. Then, when there is certain condition met, you can place your trade and therefore step away. It becomes simpler since exact stop-loss and take-profit levels are measured at the same time as you enter the trade.
#3 3 Little Pigs Trading System
When it comes to 3 little pig system, it works by simply moving averages across three distinct time frames to build a particular trend. When it is first tested years ago, it was found that this manual trading system can generate 28.65% profit over the test period. When it comes to the risk management rules, this manual trading system is just standard.
However, because this manual trading system makes use of various time frames, it seems to be harder for new traders to use it in the first place. But, since each moving average here is applied to each time frame, your job is basically to monitor the weekly chart and the everyday charts initially before entering the trade. Trailing stop is important for this system.
Conclusion
We have discussed about some of the distinct manual trading systems in Forex trading. There are actually a lot of trading systems available in the world of Forex. And a good system for certain trader may not work the same for you. As a result, you need to continue to learn Forex and the available system until you find the one works best for you.