There are a lot of things to study when performing a forex system comparison. There are many forex system providers out there, this guide will help you to pick the best one for you.

1. History - Does the system vendor provide a history? A good system vendor should be able to tell you the systems monthly results for at least the past year. If the system hasn’t been running for a year, you should ask what the back-test results were.

2. Draw-down - Unfortunately Draw-downs are not avoidable in trading forex. There are many forex systems making 1000’s of pips each year, but they fail to advise you that you would have lost all/most of your account before making those 1000’s of pips. You should always ask what what draw-downs the system has had in the past and use this information to determine your trading size to ensure your account is not wiped out. Think about the emotional impact of the draw-down, would you have stuck with it?

3. Reviews - Do a google search to see if other traders are trading the same forex system. Have a look what others are saying about the system. Check if the system has its own forum and check the feedback the system is receiving. Often existing users have found a better way to trade the system by tweaking it, ask what the latest settings are before you get started.

4. Win Ratio - Professional traders often have a win ratio of close to 50%. The profit is in how they manage the trade, by keeping losses short and letting profits run. Systems that have an unusually high win ratio are not necessarily better and can be too good to be true.

5. Stop/Limit Orders - Check that the system uses stop orders. A stop order is set to minimize your loss in case the trade turns against you. With no stop order set you could face a huge loss.

6. Paper Trade - Prior to trading any system with real money you should paper trade it, or trade it using a demo account. This will give you an opportunity to practice using the system until you feel comfortable with it, and give you an idea if it is worth trading with real money. Often systems can also be back-tested to give you proof of how the system performed in the past.

7. Timing - Check what time commitment the system requires and study how this fits in with your schedule. You should also ask when you need to be at your computer to trade the system.

8. Money Management - What kind of money management system does the system use? Systems that recommend you increase your trade size after a loss are not generally recommended by the trading community.

9. Additional Costs - Check what additional costs you will incur to run the system. Does the system require a specific charting package or data feed to run?

10. Refund - Check if a refund is offered and what the conditions are and if they can be met easily.

Good luck with your forex system comparison.