Finding a profitable forex system is not as difficult as you might think these days. The Internet is full of forex trading systems, many of which claim hundreds of percent in annual returns, and in some cases boast a track record of 100% profitable trades. I know that sounds incredible, but automated forex trading systems like the No-Loss Robot actually make this amazing claim.

While I am a chronic skeptic about things that sound too good to be true, I have had the opportunity to back-test some expert advisor trading systems and have found that some of these apparently-outrageous claims seem to be based on fact. Regardless, if you're looking for a profitable forex system, like with so many other things when shopping, it pays to do some research and to try the system out before you commit to holding your purchase past the money-back guarantee date.

Fortunately, researching trading systems does not have to cost you anything these days. Many software trading platforms, such as MetaTrader 4, have a free trial version which you can download and start using immediately by selecting the demo option and trading a no-cash account. Also, you can download most expert advisors, like FAP Turbo for example, on a money-back guarantee basis and then back-test it or even set the robot running on a demo account.

Remember, when you test a system, use the default parameters of the software first to verify if the trading system works as promised right out of the box. You can then often optimize the parameters or make adjustments to make it even more profitable.

Another way to research and find a profitable forex system is by doing an Internet survey of users and visiting user group discussion forums to find out what people who have bought the trading software you are interested in have to say. You can get an idea of the disadvantages as well as the advantages of different systems through the experience of other users before you take the plunge.

Knowing what's involved in trading forex is also invaluable in evaluating a profitable forex system. The more you know about the markets, the more informed the decisions you will ultimately make when you finally do decide to commit some money. Many trading packages come with very informative literature and by learning to use the software, you can also learn plenty about the forex market and how currency exchange rates react to different events.

With that said, many people are currently trading forex with absolutely no need to know anything, except that their trading robot works. Testimonials and live trading records claim to show how these forex "expert advisor" trading programs, usually set up with a forex brokerage account on a forex trading platform like MetaTrader 4, can trade tirelessly and mechanically, looking for and taking advantage of trading opportunities 24-hours a day whenever the forex market is open for business.

The top profitable forex systems are very highly-rated and according to some, extremely profitable as well. Nevertheless, I have run across some users who say that their program needs a maximum of two pips on the bid/offer spread to be able to trade effectively and make the profits advertised. This can be problematic because if your online broker can only guarantee a four or five pip market-maker spread, your program will not be able to trade with those parameters, or it will be limited to trading only one currency pair where the broker can guarantee that tight a spread.

Anyway, I highly recommend taking as much time as you need to research and inform yourself thoroughly before buying what you think will be a profitable forex system. Also, be sure to check out those profitability claims by doing some testing before you make a final commitment to any forex expert advisor system. Basically, the more informed you are, the easier it will be to choose a profitable forex system that will work for you.

Luke Fram is the chief editor of Forex Online Tips a Forex Trading site that help beginner traders trade forex as well as providing reviews on the most profitable forex system on the web.

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