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Thread: Starting with forex

      
  1. #21
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    Default Re: Starting with forex

    Hello, fischer

    I also heard this news, some platforms provide the ability to copy other pro traders' orders, and even I tried several times. But the fact is, this trading method cannot bring me profit. I analyzed several reasons: 1. These pro traders cannot make profits always; 2. There are some kind of delay, maybe the pro traders’ orders are profitable, but when you start to copy their orders, I have lost the best enter point.
    In forex, there is a gold principle: Always trust yourself. So I advise you to learn how to trade by yourself, not just be lazy to copy the orders from others. To learn forex, you can find many resources through Internet. But I am often browsing the site dailyfx and Profiforex.com.

    Wish you success!

  2. #22
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    Default Re: Starting with forex

    I tend to disagree with the above. Yes there are many many resources out-there, some good others not so much, it is not to eaverybody to learn to trade forex no matter how much they will read and demo-practise. imo, follow then the save side of following signals - better save than sorry when you are left with nothing after the last margin call from your broker.

  3. #23
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    Default Re: Starting with forex

    Rarahame i understand your point but i do not have time to learn about professional trading , and i do agree with sofiefx here. Just curious though which services have you used in the past that provided you with copy trading?

  4. #24
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    Default Re: Starting with forex

    If you didn't want a manual trading. I bet you mean automatic trading. There are lots of software that offers you to copy trades. In my years of trading, ive tried so many EA software. But only few are chosen to meet what is best for me. Thanks to www.tradecopier.com! My trading is growing and counting... I have more than 100 slaves. These are the qualities of tradecopier that attracted me:

    • Brand new server infrastructure delivers unsurpassed performance (signal replication in less than 1 second), reliability, security and privacy of your trades.
    • We value your trades and we understand the importance of your privacy, that’s why we have implemented new security protocols to assure that only authorized Slaves can access your signals and nobody else.
    • Automatic Slave installer. Now it’s much easier to install the Slave EA on your customers’ computers.
    • Master and Slave EAs automatic update. You’ll be automatically notified to update the EA .
    • New trade control. Open trades automatically or only after confirmation.
    • New adjustment controls: adjust lots, stop-loss, take-profit, divide rate of lot, etc.

    Happy trading everyone!

  5. #25
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    Default Re: Starting with forex

    Thank you for your advice lady.forex , i've looked at this website and though it is looking good i dont think it can compete with zulutrade that some users mentioned above.

  6. #26
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    Question Re: Starting with forex

    Why do you call them slaves? They are not paid for their services?

  7. #27
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    Default Re: Starting with forex

    Quote Originally Posted by fischer View Post
    Rarahame i understand your point but i do not have time to learn about professional trading , and i do agree with sofiefx here. Just curious though which services have you used in the past that provided you with copy trading?
    I really can't stress enough how important it is to learn how to trade, and to learn the fundamentals of trading regarless of if you choose to do it manually or through an automated system. If you do not learn the market and put someone else in charge of your cash, you will be completely clueless as to why your account is bust when they lose all your money. lazy traders do not win in this market.

  8. #28
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    Default Re: Starting with forex

    Quote Originally Posted by stonecoldmike View Post
    I really can't stress enough how important it is to learn how to trade, and to learn the fundamentals of trading regarless of if you choose to do it manually or through an automated system. If you do not learn the market and put someone else in charge of your cash, you will be completely clueless as to why your account is bust when they lose all your money. lazy traders do not win in this market.
    Amen!! in black and white that is the truth. There is no replacement for educating yourself in this market.

  9. #29
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    Default Re: Starting with forex

    Quote Originally Posted by fischer View Post
    Thank you for your advice lady.forex , i've looked at this website and though it is looking good i dont think it can compete with zulutrade that some users mentioned above.
    It's good that you've seen the site. I suggest try the free trial. It won't cost you anything but better understanding. I understand and respect your opinion with zulutrade or any other software. Honestly, with trading i am very open to try new things. Anyway, good luck to all of us.

  10. #30
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    Default Re: Starting with forex

    Quote Originally Posted by sofiefx View Post
    Why do you call them slaves? They are not paid for their services?
    Basically, slaves receive signals that are sent by the master accounts.

  11. #31
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    Default Re: Starting with forex

    So it is the master accounts that are paid....can you gimme more info on the commissions?

  12. #32
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    Default Re: Starting with forex

    @lady.forex1103 i may do a trial , but i'm curious , were you in zulutrade before if yes why did you left? what did you didnt liked there and you like in tradecopier?

  13. #33
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    Default Re: Starting with forex

    Quote Originally Posted by fischer View Post
    @lady.forex1103 i may do a trial , but i'm curious , were you in zulutrade before if yes why did you left? what did you didnt liked there and you like in tradecopier?
    Well, with Zulutrade you’re closed inside their system, meaning that in order to get your forex trades copied you’ll have to open an account with one of their approved brokers. But with TradeCopier.com you are free to choose whatever broker you like. In simple terms, Zulutrade is a closed system while TradeCopier is an open system where every forex trader can participate.

  14. #34
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    Default Re: Starting with forex

    Quote Originally Posted by lady.forex1103 View Post
    Well, with Zulutrade you’re closed inside their system, meaning that in order to get your forex trades copied you’ll have to open an account with one of their approved brokers. But with TradeCopier.com you are free to choose whatever broker you like. In simple terms, Zulutrade is a closed system while TradeCopier is an open system where every forex trader can participate.
    While this may seem like a disadvantage zulutrade has quite big selection of brokers that are integrated with their service and the list is growing. The same with signal providers/strategies.

  15. #35
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    Default Re: Starting with forex

    indeed!!! thousands of traders, each with at least one trading strategy (or account) ....sometimes they cross-open same strategy with different brokers... you can hardly called it a closed systems.
    imo, what matters is not to accept anybody but those that are in the list to be reliable..thus propper registered and regulated (these are my believes)

  16. #36
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    Default Re: Starting with forex

    Quote Originally Posted by sofiefx View Post
    indeed!!! thousands of traders, each with at least one trading strategy (or account) ....sometimes they cross-open same strategy with different brokers... you can hardly called it a closed systems.
    imo, what matters is not to accept anybody but those that are in the list to be reliable..thus propper registered and regulated (these are my believes)
    this is the correct way to start forex - always make sure that whoever holds your $$$ is registered and taken care of!

  17. #37
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    Default Re: Starting with forex

    Quote Originally Posted by lady.forex1103 View Post
    Well, with Zulutrade you’re closed inside their system, meaning that in order to get your forex trades copied you’ll have to open an account with one of their approved brokers. But with TradeCopier.com you are free to choose whatever broker you like. In simple terms, Zulutrade is a closed system while TradeCopier is an open system where every forex trader can participate.
    totally incorrect statement. The borkers that zulutrade supports are all the major ones on the market for all Europe, US and Asia. the bigger the broker the more secure your accounts are, and this is a major issue when it comes to security with all these brokers loosing billions of dollars I am reading around

  18. #38
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    Default Re: Starting with forex

    I advise a safe option-hotforex, I am with this broker for long and it's a decent one not only in the customer service but also in the stability.

  19. #39
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    Default Re: Starting with forex

    I agree with the previous poster taohai, I've been with HotForex (amongst other brokers) for about 9 months now, and I'm more than happy with their excellent customer support, but I am using them under a rebate company affiliate called Rebate Army, so I'm winning in all ways

    Rosie

  20. #40
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    Default Re: Starting with forex

    anybody know whether zulutrade is good? it seems hotforex is there too.
    I am really hesitant for the signals.

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