Online forex autotrading

[kordel]

Anybody use autotrading platforms when trading with forex ? Or do you any of you provide signals on such platforms , i'm talking about web based online applications like zulutrade , where you the user can follow for free signal providers and copy their signals live to your account. Any info would be great.

[dinusl]

You should close your eye's and put trades if your going to try auto traders do the analyses before do any trade.

[kordel]

Well you dont actually close your eyes as there is a way to control some aspects of the trades that your provider will make. You can for example control the stop/loss and the number of max open trades. The thing that you wont control is the trading strategy of the provider , which is where the ranking steps in and helps you find the best traders out there. I dont know this scheme looks fair to me but i want to hear from users that have actually tried it on with real money.

[dinusl]

I am in the forex industry since in 2007

try to learn analyzing trends..i'll not recommend auto trading.

[cseguide]

I am in the forex industry since in 2007

try to learn analyzing trends..i'll not recommend auto trading.

for the benefit of all can you explain
How to start it?
Any site, broker you use
initial investment need etc.

[kordel]

Yes can you please give us some advice , how did you start at forex , why is autotrading so bad by your opinion , which other methods of trading you wont recommend etc.

[fxmpower]

I think the guys mean that they are not getting enough out of it, meaning they want to have the higher returns you get from manual trading...but you know this also means higher risk and faster margin call.

[fxmpower]

Yes can you please give us some advice , how did you start at forex , why is autotrading so bad by your opinion , which other methods of trading you wont recommend etc.

i found a platform that can be quite a good start - check out zulutrade

[fxmpower]

Kordel, guys, any comments?

[traderathome]

Kordel, dinu has a point with auto trading their are issues such as lagging trades not taking, I too would not advise to follow it blindly. It's better to learn rather trusting someone you have no idea what he will do with ur hard earned money. People get burned and exit fx market within the first year. I'm in this trade before came into cse. I'm still trading on my own using technical analysis and to some extent I use fundamentals

[fxmpower]

Traderathome, you have a point, totally!
though what happens what you either do not have time to engage in manual trading? ....or you simply does not understand the forex markets and the drives behind it, not all are economists born and cannot simply learn. Afterall, you cannot play trial and error with your money! So, in this case trust your broker, your fund manager, or your fx trader for that matter (once you see a solid record of performance - and this is visible on the trades he makes, the DD%, and the overall trading management he performs).

[stumpy]

I am in the forex industry since in 2007

try to learn analyzing trends..i'll not recommend auto trading.

Dinu, nice to meet ya dude!

[traderathome]

Just closed one position of my gold @1594

[malanp]

Tradeathome

How do we get into forex and gold trade? i just want to try with a small amount.

Pls let me know.

thanks

[traderathome]

Tradeathome

How do we get into forex and gold trade? i just want to try with a small amount.

Pls let me know.

thanks

Use fxopen open up a cents account you try with 100$, lite forex is another good broker but both are market makers. Means they will trade against you. The best are ecn brokers their spreads are very competitive and will not trade against you meaning will not take opposite side of your trade