My experiences with FX Autotrading a live account

Congratulations Fx245, 181 members already for such a specialist area of interest is a great response. Your auto trading portfolio seems to be doing great and word must be spreading by 'word of mouth'.

I think it would also be a good idea for you to post your portfolio performance here (on Elite trader) from time to time so those who are not members of your site can see your results.
 
Up to 409 members now. Seems to be attracting attention. Maybe because FXCM is now hosting an fx-auto trade version.

Reading through the site, I see the newbie traders are still making the 'usual newbie' mistakes for this type of trading.

-excessive leverage
- to short a timeframe for assessing the systems on offer
- inadequate diversification allied to inadequate capitalization.
 
Overleveraged, undercapitalized, picking mediocre performance systems, changing systems too often, jumping into live autotrading prematurely..... the usual mistakes.

FX245 made some of these mistakes from the start and that's why he's lost half his account.
 
Quote from q827:

Overleveraged, undercapitalized, picking mediocre performance systems, changing systems too often, jumping into live autotrading prematurely..... the usual mistakes.

FX245 made some of these mistakes from the start and that's why he's lost half his account.
More...

How come every newbie seems to have to learn this the hard way - how come it is so hard to learn from other people ?

http://www.fx245.com/forum/topic/show?id=813314:Topic:13
 
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