It is very important to have a positive mindset in trading. There will be a loss, but to cover this loss, you have to maintain a positive mindset. Never be afraid. It is not possible to trade with fear and greed.
fafduplesis posted: I think the ones who prefer algo trading over manual are mostly the newbies who are still learning and needing help.
That can be the possibility. But I think one should do both like me. They should balance out because automated trading might help you but manual trading will give you experience. And I also think that you need a good broker for this or else you’ll get more confused. You can select from Oanda, Turnkeyforex or Pepperstone. They provide you with both manual and automated trading options and are easy to work with too.
I agree! I haven’t got myself to trade using an automated system and manual seems to do the work just fine. It gives me all the control and that kind of works out fine for me. I mean I am not at all against using EAs but manual is somewhat better in my opinion.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.