Any one know much about Forex?
By tamz84
@tamz84 (2)
Australia
April 2, 2011 10:05pm CST
Hey all,
I've been trying to learn how to trade on the foreign exchange market, finding that it's rather in depth but exciting! I haven't been researching long enough to know how to do anything other than really 'gamble' with it which is also fun lol but I have fiddled around with the metatrader and purchased "Forex Morning Trade EA" which is meant to be good for beginners so I shall see! It sucks though, being the weekend the market is closed so my fiddling/experimenting has come to a stop! Does anyone here trade? Has anyone used this robot? Or any others?
1 response
@brzecz (13)
• Poland
5 Apr 11
I have traded Forex for over 1 year. It's extremely difficut thing to become regular winner on this market. I have survived on Forex with a bit drawdown on my account.Still working on improving my trading skills and money management.I don't reccommend you any trading EA's - they suck. Any mechanical system suck earlier or later. Please read about the Noble Prize Winners' LTCM fund history and their absolutely "no losing" mechanical system. EA's are good for closing your trader moving SL's. If you want be successful on Forex you must be patient. There is no way for shortcut. Only hard work may bring you a success but you have any guarantee...As a doctor who needs few years of practise to become good on his job the same a trader need some years to learn how to earn money on Forex. But one shoud know that trading is not job for everyone... It's said that 95 % of traders lose their money.
