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hi. I'm new to forex trading.

rogelio11
Jun 19 2010 at 03:19
3 posts
hi. I'm Rogelio. u can call me roger.

I'm new to forex trading.
i got about less then $1000. i want to find the best place to invest.
any recommended forex managed accounts i can add cash in?

also if i want to use my own forex trading account. which forex EA is best to use for newbie traders like me?
DoubleTrap (ForexSeeker)
Jun 19 2010 at 05:32
814 posts
Who is your forex broker ? How many digit platform and how much leverage account ?
Information is Gold when come to organised.
rogelio11
Jun 19 2010 at 05:43
3 posts
im doing with fxopen micro account.
5 digitals i think.
im doing 1:500.
DoubleTrap (ForexSeeker)
Jun 19 2010 at 06:35
814 posts
You can study my system by searching ' Kill Bill 5 ' and read through the discussion detail.

If interested email me, i will setup a demo see how it perform first.

EA leasing fee is 30% of net profit with term and condition.

Normally it will easy hit target of 100% ROI in first 2 weeks.

Then depend luck on 3-4 week, weather it shoot up again or having draw down.
Information is Gold when come to organised.
Lion Asset Management (WhyLose)
Jun 19 2010 at 06:44
102 posts
Set up a demo platform, attach an ea (can't suggest one), get used to the platform. When you're happy using the platform come back and ask again.

A managed account that would accept your deposit - if you can find one - would not be a suitable place to 'invest ' your money IMO.
Time is more valuable than money. You can get more money, but you cannot get more time.
Steve B (stevetrade)
Jun 19 2010 at 07:32
1415 posts
Roger,
I would seriously recommend actually learning how to forex trade first before you use any EA. There are no short cuts in this business. Yes you could get lucky and pick the correct system or manager but from the fraction of a percentage of goodness that there is in the murky sea of forex sharks you would be very lucky.
Best place to start is
www.babypips.com

Knowledge, as they say, is power and coming into this game without study will lead you very rapidly to the poor house.
Steve
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Mohammad Arafat (marafat)
Jun 24 2010 at 09:20
18 posts
There is no short cut read and analyse mkkt first than trade if any help do write me
OLUSEUN idowu (seun5real007)
Jun 29 2010 at 09:26
1 posts
I'm new to forex trading.
i got about less then $500. i want to find the best place to invest.
any recommended forex managed accounts i can add cash in?
pls how can i good indicators.
                                       Thanks..............


 
Safwan Zolkipli (OMGTrader)
Jun 30 2010 at 20:06
9 posts
Hi OLUSEUN idowu,

This is just my opini) Keep your $500 in your pocket first before you invest in any sort of forex investment in the internet (or anywhere). Educate yourself about forex first. It's simple actually.

Find a broker that give you free demo account such as https://pfgfxlite.com, download the MT4 software and open a demo account. I'll be glad to guide you on how to use the platform.

As long as you are aware on where the money comes from and know the risk that you are taking. Forex is just UP and DOWN. That's 50-50 chances you are right or wrong. Know the ultimate direction - you will never go wr)
CTSForex (winsor)
Jul 16 2010 at 17:38
303 posts
For new traders, don't even think about trading real money until you practice trading demo account for one year. During this time, read and learn as much as you can.
RahmanSL
Jul 25 2010 at 12:08
209 posts
For Traders who have a strong urge to deposit your money without any hope of seeing them again, just send them to me and I can absolutely guarantee that you will not see them again.
All others, read, learn, understand, and than read some more, do lots of Demo or some Live micro (<usd50) accounts, than read and learn some more...for at least 1 year...and than you might consider going into the Forex Trading with your spar usd5k> Live trading account.
NEVER EVER borrow money or play with money you CANNOT AFFORD to loss...You ABSOLUTELY WILL get yourself into trouble if you depend on making money from money which you don't have or cannot afford to loss in the first place...and lossing in Forex trading IS A FACT OF LIFE and HAPPEN to ALL TRADERS!
Garth
Jul 30 2010 at 11:28
1 posts
Hi Mate

It's indeed a good joke. Yes I am planning to invest in Forex markert and i am new entrant into this filed.Please suggest your points regarding trading.


<a href='www.squaredfinancial.com/'>Forex platform</a>
Falcon1279 (Falcon1279)
Jul 30 2010 at 17:04
26 posts
If you are new to Forex and going to trade manually:

1. Trade on demo first. Lots and lots of demo until you see consistence profit.
2. Before depositing any money with any broker make sure they don't scam or steal from you. For research you can go to https://www.myfxbook.com/reviews/brokers/ and www.forexpeacearmy.com
3. Go small! use micro account or very small lot.
4. Learn and improve from communities of traders, what work and what don't. You can go to www.babypips.com, www.forex-tsd.com, www.forexfactory.com and google to find tons more.

Sound very conservative? Fact is 95% or more traders are loser so its just as good as casino. If you are new you have a lot to learn.

If you are going to invest with EA or money manager:

1. Find out track record, longer the better. If they only showing you just demo account don't rush to invest just yet. Until a single proof of real account don't even risk it.
2. Find broker some broker are just complete scam you can make 100% every night, but you won't be able to withdraw. Make sure you research on broker before invest with them.
3. When analyzing track record look at drawdown as well as profit. Consistence low drawdown will get your account a long way.
4. Use conservative setting first.
5. If its look too good to be true have lots and lots of questions.

Good luck!
Be open mind, we can learn so much more.
CTSForex (winsor)
Jul 30 2010 at 18:03
303 posts
My recommendation - if you are a new trader, don't start! Trading is very challenging, and you will not be profitable for at least five years. If you plan to commit yourself to trading then prepare to spend some $$$. Find someone that is profitable at trading, ask for one on one coaching. There are a lot of Forex forums out there but 95% of traders are losing and most traders participate in these forums. Do you really want to learn trading from these traders through the forums?
eiyibilgin
Aug 11 2010 at 12:57
44 posts
Hello,
You can try the ea which I use 17.2% profit for 1 month. Here is the address: https://www.myfxbook.com/portfolio/profidroid-1/42092
Try it demo account. If you are interested in this ea I will give you the ea. Good luck.
Steve B (stevetrade)
Aug 11 2010 at 12:59
1415 posts

eiyibilgin posted:
    Hello,
You can try the ea which I use 17.2% profit for 1 month. Here is the address: https://www.myfxbook.com/portfolio/profidroid-1/42092
Try it demo account. If you are interested in this ea I will give you the ea. Good luck.

Be advised though, this is a martingale EA
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
DoubleTrap (ForexSeeker)
Aug 11 2010 at 13:12
814 posts
Good, I love martingale, but I don't have 150k USD. Do you have some EA that work on $500 ?
Information is Gold when come to organised.
Steve B (stevetrade)
Aug 11 2010 at 13:14
1415 posts
Wow, you'd really risk $150k on a martingale? You have seen the large accounts on here that wiped during the Greek banking crisis haven't you?

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
DoubleTrap (ForexSeeker)
Aug 11 2010 at 13:20
814 posts
Which larger account ?? Greek banking crisis on May ?

Mine 150k Acc gain more in May as the market crazy shoot up and down.

https://www.myfxbook.com/members/ForexSeeker/ultimate-interest/29533
Information is Gold when come to organised.
Steve B (stevetrade)
Aug 11 2010 at 13:30
1415 posts
Lovely demo account.

This is how some live accounts performed.

https://www.myfxbook.com/members/forex_rob

You need to realise that what happens in a demo account is not what happens in the real world.

In the real world, you don't get filled or you get slipped or your broker decides to margin call you, or your platform crashes or it disconnects you or you panic like hell because it's real money and it's your life savings and the wife is going to kill you or 101 other reasons.

Yes, I'm sure that there are some martingales out there that survive but advocating them for someone trying to learn about trading is in my honest opinion downright irresponsible.




11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
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