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This is my first post for 2010 and I would like to start by wishing everyone a very happy new year. I hope that I can assist you in your quest to find profitable Forex systems this year and I always welcome your questions or suggestions. I would like to kick off with some detail of my Forex plans for this year:

1. Manual Forex Trading Systems

Many people prefer manual trading over forex robots and because I have had a lot of requests I’ve decide to include some manual systems in my testing. These systems require a lot more time and attention and I can only test one or two at a time, but I’m sure that we can still discover some very profitable strategies this year.

To get started with this I spent the whole of December evaluating a variety of manual Forex systems. I purchased more than 10 manual trading systems, including Forex Rebellion, Forex Pip Snager, the Forex Cobra System, Forex Trading Made EZ, the Fiby Day Trader System, Forex Trading Machine, LMT Forex Formula and many others. After studying each system, I also spent some time back testing it and after many hours of evaluation I ended up with only two, systems that really impressed me: Forex Trading in the Buff and the Black Dog Forex System.

I tested the Trading in the Buff method for 2 weeks over December and was so impressed with the results that I decided to start testing it this week in my LIVE account. The Black Dog system showed very promising results in backtesting and will be tested in a demo account for now. I will start trading with these systems tomorrow morning and report the results on a weekly basis as always.

2. Forex Robots

Another new thing that I would like to introduce this year is live testing on real money accounts. Once a robot consistently performs well in a demo account, I will open a live account with a broker and start testing it with real money. Out of all the robots that I tested in demo accounts last year, Fap Turbo and Forex Megadroid were the only ones that showed consistent results, so for now these will be the only robots that will trade with real money. I will spend the rest of this week setting up live accounts for these and will hopefully be ready for live trading by next week.

Apart from the above two, Forex Godfather is the only other robot from that I am going to continue testing this year. For poor performance and various other reasons, I have eliminated various Forex robots from my testing portfolio by the end of 2009. (Please visit the Live Testing Page for more details on each of these.)

3. Forex Signalling Services

Forex signalling services are somewhat popular and while it is not something I am personally interested in, it is a concept that I receive many questions about and definitely the 3rd piece of the Forex puzzle. These products can have costly monthly subscriptions and I may not be able to afford many of them, but I will definitely investigate this over the next couple of weeks and see how I can evaluate them in a practical manner.

I look forward to sharing my Forex result with you and I hope that 2010 will be a prosperous year for all of us. Please use the subscribe form below this post to receive my weekly newsletter and follow my trading results.