Is it worth it to trade Forex?
Is it worth doing business where there are no leases, contracts, inspections, dissatisfied customers? Probably many fall in love with trading precisely because of this.
The currency market is inferior to the stock in volatility, but it’s easier to get out. No contracts, taxes, replenish and withdraw money as you like, a free terminal, a large shoulder and, as a consequence, less margin. You can earn at any time of the day or night, anywhere in the world, anywhere, even sitting on the main job.
How to start forex trading?
1. Register with any reliable broker.
2. Take basic courses: what is Forex, what is different from other markets, technical analysis, fundamental analysis, vocabulary, forex indicators, platform Mt4, what is trading bots.
3. Simultaneously open a demo account and try everything in practice. Each person will take different time to get acquainted with the interface of the program, orders and others. Do not flirt in a demo account, you have a hand and forward to real trading.
4. Start trading with a minimum volume of 0.01 lot on a live account. To do this, you will need to replenish your account for 100-300 dollars.
5. All, you started working in the foreign exchange market. If you close month after month in plus, go to larger volumes.
Trading in Forex is a serious work, and above all on oneself. It will take a lot of time and money. Concentrate on trading in the market, do not be afraid to make mistakes, make mistakes, learn from your mistakes. Form your trading plan and strictly follow it. Remember – losses are not avoidable, take them for granted.
Which trade is more profitable: manually or with the help of robots?
Manual trading is based on the trader’s skill. To learn how to predict the market and learn how to trade profitably, it takes years. Traders spend a lot of time developing strategies based on different methods of trading. They choose the one that generally brings a stable profit, and trade through the broker, his terminal, analyzing the charts with his mind, opening and closing positions with his own hands.
But not everyone wants to spend years studying new difficult material, to monitor market changes and news for days, to conduct fundamental and technical analysis of schedules, etc. Therefore, we offer best forex EA with an already built-in embedded trading strategy. The robot will itself open and close transactions on the basis of his signals on various currency pairs at any time, set a stop-loss and take-profit, in one word to trade profitable while you are doing your own business.
RECOMMENDATIONS
We have created innovative HIGH GAIN PROFIT robot. We recommend our BEST FOREX ROBOT FOREXVPORTFOLIO v11, which is already being used by traders all over the world, successfully making unlimited profits over and over again.
For beginners and experienced traders!
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Why do i need a forex robot for profitable trading?
Probably if you are beginners in the forex market you will ask this question. Maybe you think that the human brain can process the chart information better and make better forex analysis and decisions about the possible market directions. Well… you are wrong.
The forex market is unpredictable as the most things in our lives. If the market becomes predictable, it will stop existing. Then what can we do? We can monitor and find specific market situations after which something is happening. Of course, you will never find such case in where after A follows B in 100% probability. But you can find a 60% one. And this will lead to developing a forex trading strategy and when the strategy is crystal clear, it can be coded into profitable forex trading bot. If we need to make an expert advisor definition, it will be — trading robot based on statistics.
Automated Forex robot are capable of scanning multiple charts in a way that humans cannot physically. In addition, robots are developed with specific parameters required for making trading decisions. Using the implemented trading signals, they determine when it is appropriate to trade or, conversely, to wait.
The best Forex trading robots offer solutions for finding profitable trades even in volatile markets when the current trend direction is unclear. Automated Forex robots follow the best trend to increase profits and possibly eliminate the chances of possible losses.
Professional traders have been using such automated trading software for a long time in their work in the Metatrader 4 and 5 terminal. Beginners are also not lagging behind and are actively joining this area. Also, many novice traders turn to our professionals and order the service forex trading account management.
How much can I earn?
You can enter the Forex market with one US dollar through a cent account. But what is the point?
Standard account requires a minimum of $ 100, EСN – a minimum of $ 300.
If you want to live with income in the market, provided that you have a stable profitable strategy and you trade manually, you need $ 10,000- $ 20000.
Want to earn millions, trade a million. Want to get thousands – trade in thousands. And if you trade penny …
Most often, Forex bots earn at times more than traders. And all because:
- Expert Advisor trades whole day, that is, uses all the opportunities for trading without exception.
- Forex expert works much faster than a person. Therefore, it concludes deals at the most optimal price (without losing profit points).
- EA for mt4, unlike a person, can trade in high-frequency and high-precision strategies, which bring significantly more than classic trading systems.
- The robot forex is not afraid of the psychological burden, which, as practice shows, reduces the profitability of trade of an average person.
With our forex EA robot ForexVPortfolio the minimum deposit required is $ 800 (or only 8$ for cent account). With this deposit, the maximum initial drawdown will be only 25%, and a stable profit will be from 50% to 300% monthly, and in certain periods of time, under certain market situations, it can reach up to 300%. For example, you want to start trading with 1000$. You buy this robot for $ 249, and in a month it will earn you at least 50% of the deposit, this is $ 500. That is, in just one month, you not only recoup the robot, but also earn your first profit.
What time is it better to trade profitably?
It all depends on the type of trade you choose (intraday, position, etc.). If you take a timeframe 5-30 minutes, it is recommended to trade strictly during the European and first half of the American session (10.00-20.00 MSK). Such trade is suitable for completely free people who are not engaged in studies / work.
But if you are a busy person – you can install one of our automatic robots for this type of trade, for example Forex scalper bot for timeframe M5.
Hourly timeframes (H1) are less dependent on trading sessions, and you can trade the signal received at any time. Another thing – are you able to see it at 3 o’clock in the morning? To sleep it would be desirable, therefore at manual trade some part of signals you should miss.
Let’s sum up the results
If you are an absolutely free person and you have plenty of time to sit all day in front of the monitor, you have enough perseverance and patience to catch every five-minute candle, you have enough experience and you have the financial and mathematical knowledge for daily technical analysis of the main currency parameters, you are a disciplined and well-balanced person who clearly follows his developed strategy – then manual trading is just for you and you can trade in Forex profitably! Develop and make a profit.
But if you have a basic job and just want to increase your income without special risks, you do not have time to search for strategies and study all the tools of the trade, you do not have the extra funds for testing and errors, tired of taking risks and incurring losses – trade with the help of robots developed by our professionals. They contain a ready-made strategy based on various signals that are fed by indicators based on a comprehensive analysis of the movement of most currency pairs over the past 2-3 years. The advisor will be trading off-line. You just have to purchase such bot, install it in your Metatrader 4 and watch how software make profit in Forex and increase your deposit.
Good luck, and successful trading!
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