As disappointed as an inexperienced forex trader may be, after losing some money they will buy a forex robot, or a forex system or two and try to follow the market with the help of forex indicators. They do not realize that certain market conditions allow for such systems to work while other times these systems continue to fail. Most systems are based on indicator readings and do not take into account market personality or mass psychological behavior. They also do not take into account ‘news’ which may show in the form of sudden volatility in the market.

When one systems fails, the trader is out again in search of another and than other until they come across one which seems to work in ‘current’ market conditions. Of course with time these market conditions change and the trader is yet again left with an unworkable system and starts losing money.

This cycle repeats until the trader is out of pocket with lost interest never to return back again or they realize that there is more to trading, such as an understanding of market conditions other than just following a system with blind faith.

Some of the earlier defeated return back to the markets and continue to look for new systems and even take a step further by mixing and matching different indicators to create a successful system of their own.

But of course with time, all systems are short lived as markets continue to change in terms of volatility and behaviour, the successful trader is able to adjust and adapt to change while others continue in their search for the holy grail.

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