New to Forex
Jun 04, 2015 at 07:10
Hi all
I am new to forex and interested in the autotrading but i can see it needs to be a live account and i cant demo it
Is there people on here that are using the autotrading and if so can you leverage the persons trades that they are making to suit your budget (I.E if you are autotrading a certain person and they put a large trade on it does not wipe your account out automatically)
Any advise on stratagies are also welcome
Kind Regards
James
I am new to forex and interested in the autotrading but i can see it needs to be a live account and i cant demo it
Is there people on here that are using the autotrading and if so can you leverage the persons trades that they are making to suit your budget (I.E if you are autotrading a certain person and they put a large trade on it does not wipe your account out automatically)
Any advise on stratagies are also welcome
Kind Regards
James
Fortune favours the brave
forex_trader_25447
Mitglied seit Dec 21, 2010
131 Posts
Jun 04, 2015 at 08:35
You are talking about COPY-trade, that is NOT AUTO-trade.
When you COPY , you can set SCALE for your account, to the original account.
I am not sure is that possible here, but it is on www.share4you.com
When you COPY , you can set SCALE for your account, to the original account.
I am not sure is that possible here, but it is on www.share4you.com
forex_trader_250523
Mitglied seit May 18, 2015
18 Posts
Jun 04, 2015 at 13:49
Hi James,
Check out Darwinex (google it)
This is a broker that developed a platform for people to invest in the trading strategies of other Darwinex users who have enabled their trading strategies as 'investable'. They automatically take care of leverage based on your account size and your personal preference choosing between low, medium or high risk.
Check out Darwinex (google it)
This is a broker that developed a platform for people to invest in the trading strategies of other Darwinex users who have enabled their trading strategies as 'investable'. They automatically take care of leverage based on your account size and your personal preference choosing between low, medium or high risk.
Jun 05, 2015 at 08:11
@jimmyp84 I recommend you actually LEARN to trade, its a lot more gratifying rather then to rely on someone else and it will help you understand the forex market. This isn't easy but if you treat it like a business and respect it you will become successful.
GO BIG OR GO HOMELESS.
Jun 06, 2015 at 15:40
jimmyp84 posted:
Hi all
I am new to forex and interested in the autotrading but i can see it needs to be a live account and i cant demo it
Is there people on here that are using the autotrading and if so can you leverage the persons trades that they are making to suit your budget (I.E if you are autotrading a certain person and they put a large trade on it does not wipe your account out automatically)
Any advise on stratagies are also welcome
Kind Regards
James
yes you can minimize the trading risk by percentage what ever you want to copy trades as you like it's very simple
“The past can't hurt you anymore, not unless you let it.”
Mitglied seit Aug 27, 2017
994 Posts
Apr 23, 2021 at 10:08
there is any newcomer in Forex who using forex signal consistently and can make good amount of profit. and some paid signal app really work to bring profit ?
Mitglied seit Mar 16, 2021
477 Posts
Apr 26, 2021 at 00:39
Forex Risky Market And to survive in this risky market, I must acquire trading education.
Mitglied seit Dec 17, 2020
20 Posts
May 01, 2021 at 09:08
Imamul posted:That happens when you go with a really high leverage like 1:100. I think it's best to use as little leverage as possible while a novice trader is still learning.
when i was a newcomer always fall a great trouble when using high leverage , its a very risky approach i have done and every time i have faced loses
Mitglied seit Aug 27, 2017
994 Posts
May 01, 2021 at 09:38
Basically; which traders are with a learning approach; end of the day; they are enjoying their trading! As you know; Forex is all about learning & updating own trading skill.
Mitglied seit Mar 16, 2021
477 Posts
May 02, 2021 at 01:17
Yes, you can minimize the loss by trading the copy. And it is possible to get an idea of some important things in copy trading.
Mitglied seit Dec 21, 2020
26 Posts
May 03, 2021 at 06:10
margaritastephen posted:But if they don’t use leverage, how will they make profits and actually get some experience?Imamul posted:That happens when you go with a really high leverage like 1:100. I think it's best to use as little leverage as possible while a novice trader is still learning.
when i was a newcomer always fall a great trouble when using high leverage , its a very risky approach i have done and every time i have faced loses
Mitglied seit Dec 17, 2020
20 Posts
May 03, 2021 at 06:22
I'm not saying they shouldn’t use it at all. Just keep it as low as possible. This will help them understand and know how to handle their trades without risking so much. I dealt with a limit of I:30 with my previous broker and even though my new one turnkey forex offers 1:100, I don't go beyond 1:50. I like having a certain degree of control over my trades and high risks can just mess that up man. And for a newbie, in particular, a huge loss could be really disheartening.
Mitglied seit Jul 23, 2020
869 Posts
May 09, 2021 at 13:18
Learn trading first. Don’t eager to real trading without knowing about the market properly.
Mitglied seit Mar 16, 2021
477 Posts
May 17, 2021 at 01:10
You may be able to make a profit by trading copy, but I think trading by myself is the best. If you make a loss in this, you can expect bright prospects in the future by learning from that loss.
