Luxuriousde 23 Posted March 23, 2022 Hello there, forex professionals! I'm just getting started in forex trading... is utilizing an EA the best method to get started? What are your thoughts on the matter? Quote Share this post Link to post Share on other sites
babbled 52 Posted March 23, 2022 If you're just getting started, I believe it's best to study as much as you can about trading and develop your own approach. I don't believe EAs are a good method to speed up the learning and practice process since they aren't fool proof, and you need to know what to do if things don't go as planned. Quote Share this post Link to post Share on other sites
Libr2 40 Posted March 23, 2022 If you're a beginner trying to learn about forex trading, it's best to trade manually since manual trading helps you develop methods and money management abilities that can help you make consistent profits. Quote Share this post Link to post Share on other sites
depie 62 Posted March 23, 2022 To understand how an EA trades, you must have a fundamental understanding of forex trading. But believe me when I say that manual trading is the way to go. There is no long-term lucrative EA available for purchase. You will be duped twice: first by paying for an EA and then by losing money with it. The creators and brokers are the only ones who prosper. My recommendation is to begin by studying money management, support and resistance, and trendlines. People who claim to have a supernatural indication should be avoided. Indicators are constantly behind the times and tell you what occurred before. Your eyes and brain are capable of seeing and interpreting events in real time. Quote Share this post Link to post Share on other sites
deeffort 50 Posted March 23, 2022 Newbies should avoid utilizing EA since it will not assist them in learning how to construct strategies or manage their money. Quote Share this post Link to post Share on other sites
WizardWitches 26 Posted March 23, 2022 Many individuals are drawn to the markets by promises of a steady income through day trading robots or professional advisers (EAs). An EA, or trading robot, is a computerized trading software that trades for you in your account while running on your computer. Selling robots and also expert advisors on the internet has grown to be a substantial industry, but there are several things to consider before jumping in. Quote Share this post Link to post Share on other sites
GamerRedstone 55 Posted March 23, 2022 hello If you look into the boom collapse technique EA and discover how the synthetic markets function, you will be able to make a lot of money rapidly. best wishes Quote Share this post Link to post Share on other sites
kimonode 14 Posted March 23, 2022 You should start by learning how to trade manually. EAs are useful for removing trading emotions and trading when you need to take a break, but they are not infallible. Quote Share this post Link to post Share on other sites
hillsdet 7 Posted March 23, 2022 I recommend trading manually rather than using an EA for rookies since they need to learn about the forex market as well as develop numerous tactics and abilities in order to achieve consistent earnings. Quote Share this post Link to post Share on other sites
argolf 21 Posted March 23, 2022 My recommendation to newcomers is to learn all there is to know about the currency market and how it works. As a rookie, it's not a good idea to use an EA since most forex robots don't employ a strong risk management strategy. As a result, you should be familiar with risk management before investing in any forex robot, as this will help you pick the best robot to use. Quote Share this post Link to post Share on other sites
Dullde 62 Posted March 23, 2022 I would not advise a novice to utilize EA. To have a better grasp of the forex market and its activities, it is preferable to begin with manual trading. After having sufficient knowledge and expertise in forex trading, an EA may be deployed in the latter phases. Quote Share this post Link to post Share on other sites
