FXTradingReviews Forex BlogReal Reviews of Forex Trading Systems

When I started this blog I already knew what my requirements were. I have a full time job and a busy family life, so I’m looking for forex trading systems that don’t require a lot of time in front of the computer every day. I have identified two types of trading systems that satisfy this requirement so far-

• “Forex Trading Robots” or “set and forget” automatic forex trading systems.
  Programs like Forex Autopilot are immensely popular right now, simply because they offer a solution to many of the problems that the average forex trader has. The main attraction of automatic forex trading systems is the fact that it can trade for you 24×7 on complete auto-pilot, even while you are at work or on the golf course.
•  ”10 Minutes a Day” manual trading systems
  Products like the 10 Minute Forex Wealth Builder are very popular, because they offer step-by-step trading strategies for the part time trader that can’t spend hours in front of the computer every day. All you need is 10 minutes in front of the graphs each day.

There are also various other options like signal providers and forex managed accounts, but for now I am quite interested in the above options and would like to start with them. I think the best way to start is to identify the 3 most popular products in each category and then pick 1 product from each category to start doing tests with in a demo account. I’m quite keen to test the 2 products above because of their popularity, but I’ll go through the motions first and see if anything else looks interesting.

This is my first post on this blog and I think the best way to start is with an explanation of what this blog is all about. My name is Chris and I have always had an interest in forex trading. I am not a professional trader and don’t do any live trading at the moment, but over the next year or so I would like to change that.

Forex trading has been a hobby of mine for a couple of years now and I’ve spent a lot of time learning about forex trading and the different strategies the professionals use to make money. I never had any real success in my own trading and finally gave up the hobby around 3 years ago, because I just could not find a trading strategy that made consistent profits for a part time trader like me that still had a full time job.

However, the forex trading industry has recently seen an explosion of new strategies available to the home forex trader and since I still believe it is possible to trade forex for a living, I decided to start things up again and try out some of these new systems. My personal goal is to find a profitable forex trading system that I can trade with on a live account before 1 November 2009, roughly 1 year from now.

The goal of this blog is to write about all the products that I test and the results that I achieve with them. I will write detailed reviews of all the products I purchase and post trading results regularly. To evaluate a product I will do backtesting against historical data and forward testing using a demo account where possible. There are many false forex review sites and scams out there and I really hope that this blog will be a source of trustworthy information to anyone who is searching for profitable forex trading systems online.

In my next post I will talk a bit more about my plan of action. See you then..