Forex Trading Systems - Do They Really Work?

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Do Forex Trading Systems Really Work?

The answer given by Ken Herbert - CEO at Quantum Research Management Group - may really surprise you... Here is what he wrote in his article:

"As I have met with and spoken to hundreds of traders this last year, many have asked if my and other Forex Trading Systems really work. Before we get into that, let's first establish what a system is.

Someone once told me that a system can be summarized in a powerful acronym as: Save Yourself Stress, Time, Eenergy & Money.

Think about it... Saving Yourself Stress, Time, Energy, and Money sounds great, right? The definition of system at dictionary.com says, "A group of interacting, interrelated, or interdependent elements forming a complex whole". (article continued below)

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So let me ask you a couple of questions:

What systems - if any - do you currently use to decide when to get into and out of a trade? And where, or if, to include stop-losses and/or profit targets?

How about your system for money management? What about your system for optimizing your trading mindset?

Are you systems working for you? Are you getting the results you want? You may notice that there is room for improvement in those areas. Otherwise, you probably wouldn't be reading this. Correct?

One thing's for sure. Without the right trading systems in place, it is very difficult, if not impossible, to achieve consistent success.

This leads to the next question I hear frequently:

So which or whose Forex trading system works best?

The answer to that is very similar to me being asked which time management system works best.

Meaning...

The best system for time management and Forex trading is dependant upon you, your habits, and what you feel most comfortable working with and sticking with. (...)

You'll hear people talking about how great their system or product is and how great that other system or product is...

BUT YOU HAVE ONE JOB AND ONE JOB ONLY...

And that is to find the system that works best for you, feels right for you, that you know you can remain committed to following, and you are able to produce the results you desire from it.

Because here's the truth about ANY system... and the answer to the question posed to me at the beginning of this email 'if systems work':

Systems will only work for you IF and only IF the system is a fit for you and you work the system... religiously!

As I'm writing this I glanced over to my bookshelf and see a glaring example of this in action in a book by Bill Phillips called Body For Life. No one with their before and after picture results shown on the cover and inside of that book were half-committed to that system... or were just going to give it a try. They were fully and whole heartedly committed to start, continue and complete that system... And the results show that very clearly.

Sad fact is that millions of others started with just as much fire and determination as the ones seen on the book, but there's one difference between them and the ones on the cover... They didn't fully and completely follow the system.

Back to Forex Trading... For instance many of our clients went from having systems that were getting them nowhere but stressed out and broke prior to meeting me. They were ready to throw in the towel but after 'seeing the light' - so to speak - it finally hit them. They made the changes necessary, took the steps they were directed to take, followed through down to the nitty gritty detail, and are now achieving tremendous success.

Do as they do, and you'll be on the path to success and wealth. Remember, Forex trading is a business. If you treat it as such, you'll be further along than 95% of the traders that never make it.

All the best,

Ken Herbert
CEO, Quantum Research Management Group
Creator of Forex Profit Pro

NEW! Introducing FXPP AutoTrader Underground Special

Note: This product will be available for purchase from Oct. 25 - Nov. 3, 2007 only!

Have you ever used any of these forex trading systems? 

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G7 Forex System

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Smashing Forex

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