New in forex

[rubenbrundyn]

Hi there guys, im new in forex, have done some profitable trades by using etoro copytrader function the past 4 months.

Thing is i really would like to use a ea so that im not dependent on someone else's trading (copytrader), until i have the neccesary skills and experience to trade myself. So I have seen etoro does not offer mt 4 which is needed for a ea. But i'm happy opening a account (pepperstone maybe)?

I am quite new to the world of ea's and really interested, but heard of so much scams and ea's that does not always work. So is there a ea that would be easy to use and works in general (not looking for the holy grail). Just would like to know from guys like you with experience in ea's which one would help me out as a beginner.

Thank you, Ruben

 

[f-man]

There are many EAs currently under test here at FPA. Have you checked it?
Forex MetaTrader Expert Advisors Live Account Performance Test.

Numbers are better than words, when it is about Forex Trading!

 

[sassysandra]

Hi f-man

Do you think that a copy trader like zulu trade or etoro is better than an EA for a beginner?

 

[f-man]

The problem there is that the next trade can be unpredictable. The EA is a specific software that trades under specific conditions.
Copy trading from professional traders is good, but the risk is that the trader might change his trading style without warning. I recently read somewhere that the top trader in Zulu had a draw down of many thousand pips....

 

[ladytrader]

I've just posted about tradecopier dot com on another thread, for the same reasons as you - trying to avoid scams.
Don't really feel confortable to recomend you the service (i'm searching for the same thing myself), but it seems the kind of service you're looking for.

 

[Ifmyante]

I'd have to strongly advise you not to rely on others or bots to trade your money. Rather you learn to read the market and make your decisions for yourself. It takes lots of time to learn, but is truly worth it in the end

Best

If

 

[FringFX]

Hi there guys, im new in forex, have done some profitable trades by using etoro copytrader function the past 4 months.

Thing is i really would like to use a ea so that im not dependent on someone else's trading (copytrader), until i have the neccesary skills and experience to trade myself. So I have seen etoro does not offer mt 4 which is needed for a ea. But i'm happy opening a account (pepperstone maybe)?

Whether using EAs or not, you are bound to get scammed as long as you stay less-/uninformed.

What would help you out the most is by relying on yourself (learn)

 

[ladytrader]

Using demo accounts is also a good way to start learning and experimenting strategies

 

[yideng]

I'd have to strongly advise you not to rely on others or bots to trade your money. Rather you learn to read the market and make your decisions for yourself. It takes lots of time to learn, but is truly worth it in the end

Best

If

yes, even if you can earn some profits now, it won't last long. you can only be successful in the forex market after you have a solid knowledge base and live trading experience.