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Can I rely Only on Autotrade without knowing any technical or fundamental?

baxyvkdas (baxyvkdas)
May 16 2014 at 19:31
1 posts
Hello Friends,

Is it possible -
Can I rely Only on Autotrade without knowing any technical or fundamental of FX and make money?

I don't think I can learn that quickly now but wanted to put some money aside and start making profit.
After looking at Autotrade I felt it might be possible.
But wanted to know your opinion?

Thanks,

ForexAssistant (ForexAssistant)
May 19 2014 at 17:21
465 posts
fxviv,

 I make mathematically based automated robots for investors, people that know very little about trading. But I would advise against just using any system, even managed accounts if you don't know how they make their money. Our systems are more fundamental and designed to be used by computers so technically the answer to your question is yes there are some robots that will do everything for you but you are adding an element of risk that doesn't need to be in your trading.

If you are outside the US, the RISE robot is the safest that I've ever seen, it averages around 12% and has gone over a year without a loss so it is designed for safety. You might want to check that one out. But before you use it read the manual to at least familiarize yourself with how it works then continue to study the market while you observe how the computer programs work real time. And, of course, start with a small account size until you get more familiar with the process. You can find the program manuals on my research website. forex-assistant.com
There is nothing to buy there so go ahead and read about how all this stuff works.

If your still hungry after that, you can buy my book on systemic systems or you can learn what others do using technical systems. Probably the best place for that is Babypips.com
Good luck

Bob

where research touches lives.
bewayopa
May 21 2014 at 22:45
372 posts
baxyvkdas posted:
Hello Friends,

Is it possible -
Can I rely Only on Autotrade without knowing any technical or fundamental of FX and make money?

I don't think I can learn that quickly now but wanted to put some money aside and start making profit.
After looking at Autotrade I felt it might be possible.
But wanted to know your opinion?

Thanks,


I don´t think so!

alexforex007
May 23 2014 at 23:04
774 posts
Technically it should work, but you should be aware of market changes, fundamental releases, and unexpected events. You cannot just run it and forget about it.

Gary Sharp myfxpt com
myfxpt
Jun 13 2014 at 22:25
345 posts
You don't have to be a mechanic to drive a car, but you should know how to check oil, water, and tyre pressure, and knowing the road rules is always a good idea too. This is a risky, fast moving marketplace, and you ought to get to know your way around even if auto-trading. Just saying! 😎


MMAKAwan
Jun 15 2014 at 08:53
2 posts
ForexAssistant (ForexAssistant)
Jun 15 2014 at 16:56
465 posts
'12% WHAT?PA OR PM',

I think that question was for me so I'll just say that our programs are designed for safety which also can reduce potential profits. The RISE program mentioned in the previous post makes about 12% a year. Better return than bonds and stocks and annuities, not as good as a professional trader. Safer than stocks and most professional trader, and sometimes its even safer than bonds. The risk is comparable to annuities but you don't lose your principle like you do with annuities.

RISE is better suited for investors than traders however some traders like to diversify into safer systems so I answer questions but I refuse to have anything to do with sales. So if you want more answers may I point you to my research website, nothing to buy there so read till your hearts content. Foerx-Assistant.com

Good luck, Bob

where research touches lives.
bewayopa
Jun 16 2014 at 00:42
372 posts
alexforex007 posted:
Technically it should work, but you should be aware of market changes, fundamental releases, and unexpected events. You cannot just run it and forget about it.

I completely agree with you!

MMAKAwan
Jun 16 2014 at 06:45
2 posts
Thanks Bob for your comprehensive answer.got the point

tigpips
Jun 19 2014 at 11:42
186 posts
It is generally good to know roughly how the EA trades, since it is ultimately trading your live account.

If you're using it for the first time, you might want to back test that strategy first to get an overall view, then test it on demo, and once that is done, use it on a live account with a risk % that adheres to your risk appetite.

http://www.freeforexrebates .info
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