The only ever known greatest trading tool is the trading strategy and the trading system. These two trading tools are used to traverse the multi-faced market. The trading system simply tells you when to buy or sell a currency pair. The buy and sell opportunities are regarded as trading signals. The trading signals represent the principle at which the automated trading software popularly called the FX Robots works. The question is this; do automated FX Robots really work? There are many books and articles that sell Forex system and automated Robots but we haven’t seen many that will teach you how you can create your own system.



Trading system and strategy can work independently of each other but works best when they are combined together in other to form a complete professional trading system. For you to become a successful Forex trader, you need to first develop your own trading system. This will equally help you to achieve two important goals which are;

Identification of trends: the trading system you developed should be able to identify trends as early as possible. Avoiding whipsaws (false signals): your system should also be able to avoid you from false signals during trading. If you are able to accomplish these two important things with your trading system, I guarantee you will be successful.



These two goals are the most important aspect of Forex trading. It tells how successful you are likely to become. The only bad side of it is that these goals tend to contradict each other. If you have a system that its sole purpose is to catch trend early, then you will probably get faked-out many times. If the system you have avoids false signals, then you will be late on many trades and this will probably make you miss out on a lot of profitable trades. It is professionally recommended that when developing your system; find a compromise between the two goals.



Developing a trading system that will identify trend early is very important but you must also find ways to distinguish the fake signals from the real ones. This is why you should always remember these two goals when creating your trading system. To develop or create a system does not take a longer time, but does take some time to extensively test it and that is why you have to be patient while developing a trading strategy or system. A good developed trading system or strategy will potentially make you a lot of money on Forex trading. It will equally help you to succeed as a currency trader. A well developed trading system will go a long way as to save you from loses.

source: http://articleswing.com/articles/professional-forex-trading-strategies-the-greatest-trading-tools/