A forex trading system is a method of trading forex that is based on a series of rules to determine whether to buy or sell a currency pair at a given time. These systems can be based on technical analysis, fundamental analysis or a combination of both.
Many traders believe that a good forex trading system can make the difference between a profit and a loss in forex trading. This is because when you don’t have a system it’s easy to change rules or indicators and lose consistency.
One of the major benefits of a trading system is that it can be automated, well, not every trading system can be automated but it will make it easy for you to focus on the essential parts and let the rest of the system do the heavy lifting.