First of all an expert do not claim unrealistic profit target. If anyone promising unbelievable returns stay away from him. If he is that much good he won't need to find people on online. Find someone who seems logical by his words. And speak some sense.
If you trade without learning to trade, you will have to face unexpected losses. A lot of research is needed to get a Forex expert. Because you need to find a Forex expert whose services are very reliable. If you can't find a good Forex expert then you need to create a good strategy with little information from all the websites.
nasrul_poyo posted: Bro, if you have profitable EA, do you think that you will sell it? Sure, you will not if the EA can generate profit from the trade. It is better for you to try making your own EA. Invest some money to coder to create your EA, but 1st you need to have clear strategy or profitable strategy before you ask for coder to code your own EA. Actually, you also can check on this myfxbook the EA listed on strategies under systems tab. They put their backtest of the EA. At least, you must look he showed more than 4 years with 99% modelling quality. Mostof them linked with live account. So, you can check on that also. However, from my experienced, i have developed 1 profitable EA. 5 years backtest with modelling quality 99.9% on 1 pair, it shows very good profit, no margin call. Then, I started to run live with the same setting as backtest, yes, it goes well for 1 year only before my account blown. Just think this one, forex is not easy money for you to become rich. If EA can make you rich, sure, all of us will just stick to use that EA only. Good luck
You are right brother. I also trade with the help of customized EA which is giving good profit on daily basis. While doing trading I ensure proper Money Management and Low Drawdown.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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