Try to learn trading by yourself and then when you will be cofident you might try bots but to use them you still have to understand the market bussiness and to know specification of the robots. So knowledge is required!
I works very good. It has nice strategy that is focused on stable profit. So it makes small sells/buys not too agresivelly and that the key to its success. Statisticly it has really small drowdowns witch is great!
Fear. It is the main reason. Fear of losing money. Fear of being scammed. Fear of feeling like a loser. Some people just don't understand how it works and what could happen if they invest.
I've used and stil using Stabilizer Pro EA. It has a good rating, brings stabil profit and I had no problem with the seller or broker.
here are some stats of the robot myfxbook.com/members/fx_skill/fxstabilizer-eur-turbo/1614052
Here is the link to the ForexFactory thread about trading method including the indicator. there are the link in the first message of the thread where You also can download the indicator.
That's tipical. Newbie traders get greedy and overconfident and then have a lot of problems.
What is the avarage % of the account you use for every trade?
New traders have to start with demo account to learn the principles of money managemant. If you do that the risk of failure become lower. Start with small steps and learn. It is one of the bigest mistakes when person that is new to forex makes rash decisions and just lose his/her money
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