New to Forex

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

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

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.

@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.

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

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

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 ? 

Forex Risky Market And to survive in this risky market, I must acquire trading education.

You can always learn everything the main desire and aspiration

Malajind posted:
You can always learn everything the main desire and aspiration

Exactly. If a person has the desire to do something, he can achieve anything.

Imamul posted:
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

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.

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.

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.

the newcomers always try to bring profit with no learning , but this is not possible at all . almost 90% loser from this volatile trading place . so we the traders should be more careful.

New traders should first acquire trading education. If you don't trade without trading education, it will be a bit difficult to make a profit.

margaritastephen posted:

Imamul posted:
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

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.

But if they don’t use leverage, how will they make profits and actually get some experience?

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.

Learn trading first. Don’t eager to real trading without knowing about the market properly.

Trading education is very important. It is not possible to be a professional trader without a trading education.