I read the trading system segment what trading systems and weird individuals have develop to see. The majority of the time it is entertainment for me. If I see indiors and such displays from god knows. I have found the trend occuring in virtually each the trading systems posted on this forum.

John Doe starts off by stating that he's developed a profitable trading system based on XYZ doing ABC.

After about 2-3 months and also a lot of queries from a few disciples that chose to follow John Doe's trading system he then modifies his trading system or as he puts it improve it for better entrance positions and/or more pips. So you start to get a John Doe variant 1....and later a variant two. . .and later a variant 3....and afterwards on everybody is confused.... Such as John Doe himself.

After about 3-6 weeks you will find John Doe roaming the pages of Pete's new trading system. And after some time Pete's new system goes beyond the same stages as the system of John Doe. And after 3-6 months you will find Pete roaming the pages of Jimmy's new trading system. And thus the story continues....

So what's the lesson to be learned here? A trading system is a trading system. They're all the same. The problem isn't the trading system. The problem is the magnitude of your FX account. It is the size of your FX account which will be the BIGGEST OBSTACLE in you way

if you've got a $1 - $10 000 FX trading account that you ONLY conduct FX for the pleasure of it and also as a hobby. However, you will NEVER make a living out of FX. Cause if you exchange regular lots ($10 per pip) then you've only 1000 pips to manouvre with. And believe you me the JPY will take out you in a couple of days time. Should you exchange miniature lots ($1 per pip or smaller) then it will take you ages to earn enough cash to live off

Only if you've got a $30 000 - $50 000 and FX account are you going to stand a chance of making a living out of FX. However, you'll need to select your trades.

Only in case you've got a $100 000 - $1 000 000 FX account are you going to be one of those 5% which creates a currency trading FX in the event that you only trade regular lot ($10 per pip). Cause ONLY can you weather the storm of the market turning against you while still having enough funds to continue trading.

Recall....there is a reason why FX brokers give you the oppertunity to open a mini account of $250 -$10 000 to exchange an unpredictable market. Cause they know the odds are heavily against you. Nowhere else can you find a method of turning $250. Forex is no exception. There are no short cuts . It is like taking on the Indian Ocean in a little row boat. You stand no chance. If you want venture out to sea first find yourself a big ship that can weather the storms of the sea.