The Forex market is one of the key points in the activities of each trader, regardless of its level of training. As a rule, many financiers try other people’s systems, try to create their own, combine ideas, realize certain thoughts. A normal process for a specialist who wants to earn a Forex market. Moreover, you can always share experience with other traders. Communication makes us rich. It is enough to visit the normal forex forum to read the opinions of other people. Ultimately, the trading system will be formed.
There is an opinion that a real trader succeeds only in the case of using a completely its own FOREX system. A similar point of view can be seen from time to time in public, thematic communities and blogs.
On the one hand, this is the correct wording. After all, the specialist in this case will thoroughly understand the system, know all its nuances and features. However, on the other hand, there are many examples when people borrow the trading system and with its help reach excellent indicators.
That is why I believe that there is no 100 percent rules for forming your own strategy for working on Forex. One person will take someone else’s product and will be successful, and the other will develop everything himself, but he will not cope on the real account and lose money. Everything rests on personal qualities.
You can take for example the scope of world technologies. There are countries that develop excellent things that can turn the world, but in view of some of their own mistakes or interests, they lose their technology, cannot launch it into a series or somehow “bury” a promising solution. Other states can buy or steal someone else’s development, modernize it or use it as it is. And in the end get an excellent result.
Motivation and desire to analyze your mistakes are important. If the trader took even someone else’s system, but carefully examined its actions in various situations, I understood the essence, then you can make a profit even in this option. After all, the public has a lot of interesting systems and developments. And the fact that they are available to everyone does not say about their worthlessness. Correct understanding and application helps to squeeze the maximum of any solution in the world of Forex.
As an option, you can take a public system, analyze, find errors, compensate them for some additional check by the indicator and make a profit. Many do so. Moreover, I saw interesting options when a person took 2 simple systems, combined them, corrected certain nuances and received a very serious product.