Starting with forex

**howtowin** · 09-12-2012, 14:33

Im not using any EAs but its the first time for me to hear about such thing. I think its risky.

**Kamal78** · 09-13-2012, 07:37

Originally Posted by taohai

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

Taohai there is always a demo account if you want to check this service before you put real money to it.

**howtowin** · 09-14-2012, 14:28

I think better if you can refer to trade, follow the others is not bad but it has a lot of risks.

**ICM Capital** · 09-17-2012, 15:43

1.Do not overtrade
- Trade within your means
- Use 1/3 of your total margin only

2.Always use protective stops to limit losses
- Go in with a plan
- Don't trade impulsively
- Have predetermined risk as well as profit
- Don't move stops higher or lower and say "It'll come back."

3.Diversify your portfolio
- Try to avoid "Loading up" in any one commodity or product

4.Keep emotions in tact
- Don't make trading decisions based on "Fear and Greed", as hard as this may be
- Make decisions away from the market - "Don't be a screen watcher"
- Don't let ego get in the way

5.Trade in the direction of the immediate trend
- Don't try to pick bottoms or tops

6.Don't add to losing positions - get out!
- Don't Average "Down" or "Up"

7.Keep it simple, more complicated is not always better
- Trade within your understanding of the markets

8.Employ approximately a 3:1 reward to risk ratio
- Don't ever risk $2 to make $1

9.Always be a student and keep learning

10.Above all, be disciplined

**Aesop20** · 09-18-2012, 07:18

ICM that's some pretty good tips i'd say

I've thought about using EA myself but not only does it seem extremely risky, I feel like i want to trade manually to get the most of it. That way i'll learn more than i ever would with an EA and i can learn to enjoy trading rather that just treating it as a mechanical process the whole time.

Saying that I have friends who've followed other live traders successfully, it can be done. But just ensure that you research it all well

**howtowin** · 09-18-2012, 14:29

Originally Posted by ICM Capital

1.Do not overtrade
- Trade within your means
- Use 1/3 of your total margin only

2.Always use protective stops to limit losses
- Go in with a plan
- Don't trade impulsively
- Have predetermined risk as well as profit
- Don't move stops higher or lower and say "It'll come back."

3.Diversify your portfolio
- Try to avoid "Loading up" in any one commodity or product

4.Keep emotions in tact
- Don't make trading decisions based on "Fear and Greed", as hard as this may be
- Make decisions away from the market - "Don't be a screen watcher"
- Don't let ego get in the way

5.Trade in the direction of the immediate trend
- Don't try to pick bottoms or tops

6.Don't add to losing positions - get out!
- Don't Average "Down" or "Up"

7.Keep it simple, more complicated is not always better
- Trade within your understanding of the markets

8.Employ approximately a 3:1 reward to risk ratio
- Don't ever risk $2 to make $1

9.Always be a student and keep learning

10.Above all, be disciplined

Thanks for your sharing, they are simple and easy to understand. But I'm not sure is it easy to follow

**jefftimothy** · 10-11-2012, 16:10

To learn forex trading I think babypips.com is the best site. Also you can get help from investopedia to know details about different terms of forex trading.
There are some brokers such as etoro, youtradefx who allow copy trading. By this copy trading you can copy experienced trader and can follow them. It can help you in taking decision.