Looking for an Easy Forex System?
Are you looking for an easy Forex system to trade with? Some systems that work are so complicated, it seems like you have to wait until the seventh moon of Endor lines up with a viewfinder that shines a glowing light down on to your trading chart on the third Tuesday of the month. Ok, I may have exaggerated that a bit, but you know what I mean. Sometimes, you just want to be able to use something simple to tell you when to trade and when to close out a trade.
If this sounds like something you'd like for your trading, this is the right place for you. Here are a few of the simpler systems that I've come across in my travels through the world of Forex.
One of the simplest (and coincendentally, one of my favorite) trading systems out there is ProFX 2.0. When you buy the program, the installation and setup is a cinch. It has a self-installer that takes care of everything for you. The only thing you have to do is tell it where your Metatrader platform is installed. Then when you're ready to trade, you just open up a chart and put the indicators on it.
From there, it has very clear entry and exit points for you to work with. It even lets you set up your Metatrader platform to send you text or email alerts when you get a trading signal. This one gets my top recommendation as far as simple and profitable systems go.
You can check out my full review of ProFX 2.0 here.
If you're looking for something simple to trade with, it doesn't get much simpler than Sniper Forex. It would have got the top spot on this list, but I've found it's not quite as profitable as ProFX 2.0. The entries and exits are kind of broad with this one, meaning that it tends to give you the entry/exit signal after the trend is already moving into the opposite direction. This causes you to miss out on a few pips here and there.
This system may be more accurately named Grenade Forex or Sawed-Off Shotgun Forex. It gets the job done, but not quite with the precision of a sniper.
If you want to know if you can trade this system, ask yourself a series of questions. Can you determine which way an arrow is pointing? Can you place a buy trade if the arrow is pointing up or a sell trade if the arrow is pointing down? If you answered yes to both of these questions, you can use this system. The full review for Sniper Forex is here.
Forex Morning Trade is an easy Forex system that trades, well, in the morning. It's a combination of a manual strategy and an expert advisor. You can learn the rules of the system and trade it manually each morning or you can set up an expert advisor to do it for you.
It's really cut and dry and you can even automate the process successfully. I've seen this software run successfully for many months now without major issues. It does have a few losses and will go on a losing streak from time to time, but that's pretty normal. Every time its done that, it rebounds nicely and remains profitable. Here's the full review of Forex Morning Trade.
The last easy Forex system that I'll recommend for its simplicity is Forex Profit Monster. As you can tell by the title, it has the potential to turn you into a monster when it comes to rakin' in the pips. Pretty lame, I know, but it does work. The guy sells this bad boy on eBay and has results posted for every month for the last several years. This thing is a long-term trend trading strategy and it generates hundreds or thousands of pips every month without fail. Here's my review of Forex Profit Monster.
The Final Word
Just a quick reminder on using a system. Regardless of whether you choose to use one of these systems or if you plan on using some other easy Forex system, you have to stick to strict money management rules. You can't just randomly decide to bet 1 lot on one trade and 7 lots the next just because you have a "gut feeling."
Stick to the money management rules of your system and the rules for entry and exit. Otherwise, you'll end up blowing your account and cursing the program seller or me for recommending it. Don't be "that guy." All of these systems can work, but they won't work if you don't follow the rules.
