New To Forex Trading

New comment
 
I am new to Forex trading and is learning the basics at the moment but I am wondering if I could  trade with a robot in the mean time until I feel comfortable to trade independently?
 

Hi and welcome to the forum.


Of course you can use a robot to trade, but this will shift the risk element from your hands to the robot as well.

So it will be your personal decision and relates to the risk that you are willing to take.

If you are not sure, you can also start with a small amount and use reasonable position sizes just to see how it works and when you are more comfortably with the numbers, you can always scale it up.

In the meantime you can develop your personal skills and get familiar with trading independently.

 
Joy333: I am new to Forex trading and is learning the basics at the moment

Start learning:
          Learn Forex Trading at School of Pipsology - BabyPips.com
          Something Interesting in Financial Video - Trading Systems - MQL5 programming forum
          Something Interesting to Read - Trading Systems - MQL5 programming forum

 

Believe in yourself by learning, you can trade better. It happened to me.

You must find your method before you trade. When you had your method, you will trade comfortably. 

 
Joy333:
I am new to Forex trading and is learning the basics at the moment but I am wondering if I could  trade with a robot in the mean time until I feel comfortable to trade independently?

Find Metatrader broker (there are a lot of Metatrader brokers, use google to find), and open the account according to their condition on their websites.
Try with demo first.

1. The article - MQL5.community - User Memo 

2. MetaTrader 5 Help - Open an Account

3. Where Do I start from?
https://www.mql5.com/en/forum/212020 

4. MetaTrader 5 Help - Trading Platform — User Manual 

5. How to make a search on the forum
https://www.mql5.com/en/forum/193510 

6. Find a Server by the Broker's Name: 
https://www.mql5.com/en/forum/214820

MQL5.community - User Memo
MQL5.community - User Memo
  • www.mql5.com
You have just registered and most likely you have questions such as, "How do I insert a picture to my a message?" "How do I format my MQL5 source code?" "Where are my personal messages kept?" You may have many other questions. In this article, we have prepared some hands-on tips that will help you get accustomed in MQL5.community and take full advantage of its available features.
New comment