I would like to tell you about my forex experience.
when started 4 years ago I was thinking I am the smartest one and would collect the money from market. first I started with a local broker live account and excel sheets. not worked at all. I have joined the woodie cci club for a year but again no result at all. then jumo into MT4 pool and learned about the coding. tested thousands(I mean that) of strategies coded them and backtested. Lucly found some workings. buy what I have done at the beggining was with the first loosing trade I stop live trading and worked with demo.
Ihave some suggestions for you if you dont mind wink
- find a reliable EA. you can find some from myfxbook live account working EA s or you can find very good critics about EA s here https://eareview.net/forward-tests - choose your broker - rent a VPS
fırst you should at least 2months of demo test wıth the EA and wıth the broker you are goıng to deal ın Lıve account. second you MUST run EA on a stable VPS wıth max 10ms latency wıth your broker. thırd the free VPS optıon from broker, you must be carefull ıf the EA coded by yourself. Decompılıng ex4 ıs very easy fourth after 2 months of demo you should start wıth as low volume as possıble wıth lıve and step up very slowly
Could not agree more with MFallico...stay away from automated trading EA robots. They do not, and never will, have the capacity to replace human intuition. The only good EA is one that assists with lot size and stop-loss calculation, and manages each trade after you enter the trade manually.
If you REALLY want to learn to trade, start with trading psychology (Trading In The Zone by Mark Douglas), and learn about money management and in particular, the ability of money management to ensure discipline. Once you have these subjects in the bag, then take a look at market analysis.
It is a old adage that a good strategy without discipline and money management will likely fail, whilst a poor strategy combined with discipline and good money management will win.
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El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
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