Most automated currency trading systems don't work and only a small minority do and if you want to find them then you should use the checklist in this article...

Lets look at the how to find the best automated currency trading systems and the first point we are going to look at will get rid of the vast majority straight away.

1. Do NOT Trust Back Tests!

Most currency trading systems present a hypothetical, back test simulated in hindsight and present this as evidence of the gains you can expect - this is complete nonsense.

Anyone is capable of making big profits in hindsight, as you have all the facts and can simply buy and sell at lows and highs! You don't get the luxury of this in the real market.

Most of these systems are simply bent to fit the data, the vendor knows it won't work (that's why they don't trade it and there is no real track record) and they simply want to appeal to naivety and greed and sell their product.

Once you have got rid of the hyped systems with over the top copy and no substance, you have systems that have real track records - but even with a real track record you need to check a few more points, to see if it should be part of your currency trading strategy.

2. Do You Understand the Logic

You need to have the logic of the system revealed to you. This is so you have confidence in it to succeed and can trade it with discipline and execute your trading signals through periods of losses.

3. Can Stand the Losses

All systems have them and you have to be comfortable with the size of the lose on your account equity and the duration to recovery. Some systems are more volatile than others, so think about the worst and if you can take it, as we all have different rsik tolerance levels.

4. How Much Effort is involved

How often do you need to monitor the system and how much work is involved? Most systems require you to look daily and also - check the support offered by the vendor, in case there are any problems.

How Much can you Make?

A good automated currency trading system can make anywhere between 30 - 100% annually. In terms of effort to reward, there is no better way to seek big gains in global currency trading.

Take your time and choose wisely and your system, can lead you to currency trading success.