I need advise
- Thread starter Bill Signer
- Start date
- Watchers 36
I am testing Armada Markets, IC Markets and Pepperstone. So far they seem decent.
I've tried Alpari, thought they were ok, what did you make of FXCM? I had a demo with them a couple of years ago but chose not to take it further than that. Currently trading on the MahiFX web platform, impressed so far.
I did not exclude developing the manual trading skills. But when you are at home or in the office, why not try saving your time with an indicator or a robot.
Free or cheap EAs are a disaster waiting to happen. Many have a streak of successful trades then one disastrous trade that wipes the account. Good EAs are usual kept by the developers that run IB activities and protect their code. I'd look for an EA under a network of traders.
Why not? What would you actually be saving? I have spent this entire year learning, practicing, failing (and learning from same) and practicing some more. Forget the "hands-off" trading with a robot until you can manually do it yourself. You'll hear that over and over because it's the truth.
I understand your eagerness. We've all felt it. However, you're new, by your own comment, and we're trying to get you straight. Your argument is an "emotional" one. Start working on the psychology of trading. You need to move through 4 phases; lose a lot, lose a little, win a little and win a lot. You might find Forex is not your niche. Maybe you'll excel at Binary Options or 60 Second trades. It comes with time, experience and practice.
Jumping onto an EA at this point will not save you time. It will only extend your wait.
I am not biased but from experience, i have traded using many robots, yes they make profit but i found no robot that would make consistent (not 100% but at least 70%) profits. These robots made quick pips but would lose them all in a matter of days!!! I am sticking to manual self trading and doing much better.
Enjoy on locating beneficial EA male. My good friend has become in search of beneficial EAs in addition to almost nothing possesses did actually be employed by them. Every thirty days he / she pertains to everyone in addition to say to everyone, "Hey, I've truly bought an incredible EA.. inches although almost nothing generated them reliable benefit.
I agree which what many are saying. Don't be lazy - learn how to trade manually. A robot is only an automation of a manual system. You still need to know everything about what makes the robot fail or succeed.
When to use it and when not to. Which market conditions are best for the robot and why. Which setting are best an why. How to change the setting etc.etc. You can only do this if you know the funadamental of trading. I have found that there is no short cut.
When to use it and when not to. Which market conditions are best for the robot and why. Which setting are best an why. How to change the setting etc.etc. You can only do this if you know the funadamental of trading. I have found that there is no short cut.
While EAs hooked me into the Forex realm, it didn't take long to see that EAs, Expert Advisors, Robots (all the same thing) were nothing but a diversion. I defy anyone to present a robot that works consistently or profitably. You've been told. You've been warned. Yet, you pay for them on "hopes."
I've learned how to make a grand quickly, depending on movement. Show me a comparable EA that can do that. If you use EAs, you're a "player." If you trade manually, you're a "trader." Which you decide is up to you.
I've learned how to make a grand quickly, depending on movement. Show me a comparable EA that can do that. If you use EAs, you're a "player." If you trade manually, you're a "trader." Which you decide is up to you.
