New to the game

Feb 04, 2022 at 06:17
1,021 Views
15 Replies
Member Since Feb 04, 2022   1 posts
Feb 04, 2022 at 06:17
What EA is most reliable?
Member Since Aug 05, 2021   401 posts
Nov 17, 2022 at 18:59
Hello!
Be careful with EAs, I don't have a lot of experience with them but I think manual trading is best. A lot of them don't work that well.
Member Since Aug 19, 2022   44 posts
Jun 08, 2023 at 08:30
I agree, first it's better to understand how Forex works and then to trade with EAs.
Make money with people who know how to make money.
Member Since Apr 26, 2023   25 posts
Jun 12, 2023 at 17:12
When picking an expert advisor (EA), do your homework! Check user reviews, look at the EA's past performance, and make sure it suits your trading style
Member Since Jun 28, 2023   17 posts
Aug 22, 2023 at 14:43
It's a good idea to test and research EAs thoroughly before using them. Look for ones with solid reviews, transparent performance data, and adaptable settings
Member Since Aug 29, 2023   2 posts
Aug 29, 2023 at 04:46
I don't trust EA, do you think a bot can work better than a human? Especially when there's big fluctuation in the market? I don't think the bot can respond in time when there's big movement.
Member Since Aug 31, 2023   1 posts
Sep 05, 2023 at 18:27
The best thing to trade, whether with a proprietary trading firm or your personal funds, depends on your knowledge, experience, and risk tolerance. Common assets include stocks, forex, commodities, cryptocurrencies, and options. It's crucial to thoroughly research and understand the market you want to trade, develop a trading strategy, and practice risk management. Additionally, consider seeking advice from financial professionals or mentors before making any trading decisions. Trading can be highly risky, so it's essential to approach it with caution and a well-thought-out plan.
Success is certain
Member Since Aug 07, 2023   3 posts
Sep 06, 2023 at 02:53
Hii
I am new to myfxbook platform so I want to know that I have a prop firm account, can I connect my prop firm account directly to copy successful traders on myfxbook?
Member Since Apr 24, 2023   36 posts
Sep 08, 2023 at 07:51
Charlie1999 posted:
What EA is most reliable?
Happy Friday, the most reliable are mixed
money never sleeps
Member Since Jan 18, 2021   18 posts
Sep 08, 2023 at 10:21
Rk29 posted:
Hii
I am new to myfxbook platform so I want to know that I have a prop firm account, can I connect my prop firm account directly to copy successful traders on myfxbook?
That will depend a lot of the rules of your prop firm (if they allow EA trading and such), but mostly I believe you will need to watch for the drawdown to not hit their limit. If you want to DM us, we can discuss in more details what to watch out for and how to proceed.
Member Since Nov 29, 2023   3 posts
Nov 29, 2023 at 06:15
I strongly advise against relying on EAs. It's crucial to understand the market dynamics thoroughly before considering any automated trading tools. These tools might seem convenient, but without a solid grasp of how the market works, they can lead to unexpected and undesirable outcomes. Focus on building your market knowledge and trading skills first.

Member Since Jan 18, 2021   18 posts
Nov 29, 2023 at 09:18
Dave_Franco posted:
I strongly advise against relying on EAs. It's crucial to understand the market dynamics thoroughly before considering any automated trading tools. These tools might seem convenient, but without a solid grasp of how the market works, they can lead to unexpected and undesirable outcomes. Focus on building your market knowledge and trading skills first.

Solid advice. Knowing how to trade can also give you insight of when to turn off your EA or how to recuperate big drawdowns
Member Since Feb 20, 2018   13 posts
Jan 10 at 12:06
Ea is a black box. You have no idea how it works of what it will be do to your account. You could wake up one day with $0
Member Since Feb 28, 2024   2 posts
Mar 21 at 10:14
I agree. Using EA without sufficient knowledge can lead to very high risk. Also, for me, it takes away the fun of trading.
Member Since Mar 19, 2024   2 posts
Apr 04 at 13:46
I am using an Expert Advisor called KraitosX and it is very good.
Member Since Apr 08, 2024   46 posts
Apr 22 at 06:32
HeavLeighGill26 posted:
Hello!
Be careful with EAs, I don't have a lot of experience with them but I think manual trading is best. A lot of them don't work that well.
Yes you are absolutely right. Couse I saw some people who was using EAs for trading. They didn't know about any thing like how to trade, what is technical analyze , fundamental analyze. And now the are crying, Couse the EAs betrayed them.
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