hi
i am trying to become a new member of forex trading
but till the time i learn how to trade using my skills i want to use an autopilot software
so can you please tell me how much you earned and which one you used if you tried an autopilot software
thank you all..
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September 5th, 2008 at 6:47 am
I just currently got into forex 4 months ago. The wealth they promise you in those catchy internet marketing scams are just that. But, I do make quite amount of money using forex. I first started forex with $10,000. In just a little over 4 months I have made $102,342. But, like stocks , forex is a very risky business.
September 5th, 2008 at 6:47 am
Wow…. everyone is trying to sell you an FX autopilot program (or EA). How nice of them!
Here’s the bottom line;
You’re about to throw out your money on an impossible dream.
The only people that make big money in FX are people who have worked extreamly hard to learn Technical Analysis & have been on a learning curve for 3 years or more. They are also experts in money management.
These things will not work for you.They don’t even have a foundation for money management….. which is just as important as the direction and timing of your trade.
Any type of trading is hard work (but fun!!!!)…….. if you’re willing to put in the hard work………………………………
September 5th, 2008 at 6:47 am
Friend i am using Finexo. My trading strategy is that i dont use any auto pilots and i am trading manually by using technical tools. There are so many indicators, systems , Money Management theories, charts, totally a jungle where you are sure to loose your way.Select one or two indicators, one type of chart, one or two time frames make a system and incorporate a good money management.
You can design a simple system.Moving Average Convergence is a good indicator, Candle stick chart patterns are good, A simple rule like 2% rule is very effective.(Don’t risk more than 2% of your equity in any single trade).There is a simple candle stick pattern ‘Harami’.Western analysts call this pattern an ‘Inside day’.A very good pattern to trade. The location of a candle stick pattern is very important to make it meaningful.For example the market is in a long up trend, you can say the trend is matured, At the key Resistance zone ‘Harami’ is appeared. It is a good indication of a possible reversal.This is a set up. The Low Price of the harami candle is broken down. This can act as a confirmation and sell trade can be triggered into with very conservative stop loss(ie tight) .Target can be 20 SMA reading on Daily chart.You should think of such simple ideas which works for you.
Demo trade if you doubt.
Prepare the statistics, Decide yourself.
Good trading
September 5th, 2008 at 6:47 am
There’s a nice review of Forex Autopilot here: http://www.fxsystemscompared.com/rev_forex_autopilot.html
I’ve had the software about 3 months, started with $5,500 and now have $65,475
It works if you put your mind to it, but as the first answer said - it’s a very risky business.
September 5th, 2008 at 6:47 am
I don’t earn from Forex Autopilot
All I got is loss
Read here
http://duyduyfx.blogspot.com/search/label/ForexAutoPilot%20EA
September 5th, 2008 at 6:47 am
I have made some money from autopilot programs but I think you do need some experience or be closely associated with experienced traders. Join some club or something like that and learn by practicing.