It is true that continuous updation is required in ea’s so as to cope up with the changing market conditions. EA can prove helpful but a trader must not completely rely on it, manual observation of trades is still required.
How Forex Trading Can Make you Rich?
- Thread starter Peter brandley
- Start date
It is true that continuous updation is required in ea’s so as to cope up with the changing market conditions. EA can prove helpful but a trader must not completely rely on it, manual observation of trades is still required.
Yes will better although using ea but also using manual monitoring but if trader felt not comfortable with using ea hence will better manage money manually, it will giving understanding with how much risk on every single plan
You need to have appropriate knowledge and experience and skills to survive in Forex Trading. Without proper knowledge and experience and skills you cannot become rich in Forex.
Yes absolutely, as I earlier also said manual monitoring is very essential while using EA’s. It is always advised that if ea is not working as per your trading pattern than its better to apply some other trading strategy or switch to manual trading. Manual trading surely provide trader with deep insight of the trades undertaken.
Manual trading I think also advisable for beginner, with more experience and if they finding suitable and profitable system, might someday later they can created ea based on their own system trading
I agree because we need to have a workable strategy to be coded in an EA if we wish to go fully automated, so better spending some time building an appropriate strategy that helps earning money from forex trading.
If likely trader don't having knowledge about how to created ea, they can ask expert ea creator to make ea based on our system, but indeed this is also need cost for service, because to making ea also need understand with codebase mql language
Forex Trading can make you rich if you gain knowledge and experience and skills, and for that you need to have lots of practice.
Might trader can be rich trader if already able making profit regularly from this business, sometime if look result on contest trading even real or demo account as winner they can making amazing profit this is still promising business actually
In this case his deposit must be huuuge and he has to be Georse Soros himself. I haven't seen rich traders... profitable - yes. but not rich..