A stabilization system for stabilizing a payload, the system comprising: a mounting arrangement comprising a mounting plate including fixing means for securing the payload to the mounting plate, the mounting plate adapted for securing the payload within the stabilization system and rotatable about each of a plurality of rotational axes of the stabilization system, including a first rotational axis and a second rotational axis; at least one lateral member configured to constrain movements of the engaging member relative to the lateral member to the movements along said lateral member, the at least one lateral member being substantially parallel with the second rotational axis; and an engaging member engaged with the lateral member and supporting the mounting arrangement, the engaging member comprising a first release-lock member and a second release-lock member, wherein the first release lock-member is configured: while in a first state, to allow the mounting arrangement to move relative to the engaging member along a first rotational axis, and while in a second state, to secure the mounting arrangement relative to the engaging member; and wherein the second release-lock member is configured: while in a first state, to enable an adjustment of the position of the mounting arrangement along a second rotational axis by allowing the engaging member to move along the lateral member, and while in a second state, to secure the engaging member relative to the lateral member, such that a position of the mounting arrangement along the first rotational axis is independently adjustable, without affecting a position of the mounting arrangement along the second rotational axis, and the position of the mounting arrangement along the second rotational axis is independently adjustable, without affecting the position of the mounting arrangement along the first rotational axis. a mounting arrangement comprising a mounting plate including fixing means for securing the payload to the mounting plate, the mounting plate adapted for securing the payload within the stabilization system and rotatable about each of a plurality of rotational axes of the stabilization system, including a first rotational axis and a second rotational axis; at least one lateral member configured to constrain movements of the engaging member relative to the lateral member to the movements along said lateral member, the at least one lateral member being substantially parallel with the second rotational axis; and an engaging member engaged with the lateral member and supporting the mounting arrangement, the engaging member comprising a first release-lock member and a second release-lock member, wherein the first release lock-member is configured: while in a first state, to allow the mounting arrangement to move relative to the engaging member along a first rotational axis, and while in a second state, to secure the mounting arrangement relative to the engaging member; and while in a first state, to allow the mounting arrangement to move relative to the engaging member along a first rotational axis, and while in a second state, to secure the mounting arrangement relative to the engaging member; and wherein the second release-lock member is configured: while in a first state, to enable an adjustment of the position of the mounting arrangement along a second rotational axis by allowing the engaging member to move along the lateral member, and while in a second state, to secure the engaging member relative to the lateral member, while in a first state, to enable an adjustment of the position of the mounting arrangement along a second rotational axis by allowing the engaging member to move along the lateral member, and while in a second state, to secure the engaging member relative to the lateral member, such that a position of the mounting arrangement along the first rotational axis is independently adjustable, without affecting a position of the mounting arrangement along the second rotational axis, and the position of the mounting arrangement along the second rotational axis is independently adjustable, without affecting the position of the mounting arrangement along the first rotational axis.