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Expert Advisor...good for beginners?
Dec 04, 2020 at 04:58
Jimmblack posted:
Honestly, I'm a newbie in trading as you are. I did not use EA though I want to try. But how to understand which EA is better and where it can be bought?
For a newbie one should first learn at least the basics of forex and understand technical and fundamental analysis before they start using an EA. I think using EAs from the very beginning will create more problem than help because It takes time to understand it
The more your practice, the more you learn.
Dec 04, 2020 at 06:47
Knowledge is the key to success in Forex. There is nobody who can make success from here without knowledge . so we have to emphasis on acquiring real trading knowledge and we can get most powerful analyzing trade knowledge by passing a long time. Otherwise that’s not possible at all.
Mitglied seit Mar 17, 2021
494 Posts
Jul 04, 2021 at 09:01
Shelby10 posted:
Every beginner should learn forex trading perfectly before investing their money in this risky market.
Yes. You are right.
Mitglied seit Jul 23, 2020
816 Posts
Jul 10, 2021 at 01:51
New traders should not use EA at first.
Mitglied seit Mar 16, 2021
447 Posts
Aug 05, 2021 at 01:23
From my point of view, I think trading education can be the first condition of a beginner trader.
Mitglied seit Jul 23, 2020
696 Posts
Sep 01, 2021 at 21:57
I recommend new traders should not use EA first.
Nov 13, 2021 at 15:12
I believe that novices shouldn't use expert advisors because of two main reasons. There is a big chance to face scammers, because novices don't have proper experience. The secon reason is that they must gain experience by their own, because it's much profitable for them. No doubts, that expert advisors can help novices to start off trading, nevertheless the main objective of beginners should be independent learning. Anyway, it's up to you, whether you will use expert advisors or not. If I were you I wouldn't use them, because I'm curious enough to explore new activity by my own actually.
Mitglied seit Aug 05, 2021
394 Posts
Dec 21, 2021 at 16:36
Personally, I always steered clear of EAs. I'm sure there are some decent ones out there, but I didn't trust it and read too many stories of other traders getting burned.
Mitglied seit Mar 16, 2021
447 Posts
Dec 22, 2021 at 02:44
I have to create that kind of humanity to trade beginners. And you have to be patient with yourself. There will be many obstacles in trading. You have to overcome them properly. You have to gain knowledge by doing online research.
Mitglied seit Apr 14, 2022
40 Posts
Sep 19, 2022 at 10:54
AhmadAli89 posted:
High leverage increases trading risk and traders should avoid high risk to survive in Forex for a long time.
Yes, I agree over this even though high risks means high profits,but in forex one should have solid knowledge regarding the strategies he is going to follow as the market is volatile and can lead to huge losses if not implemented properly.
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