True! Even though EAs are profitable, they have certain limitations. Newbies should avoid using them. They should learn to trade manually for achieving success in the long run.
Forex is a wide subject and needs lots of patience and study. It is not possible to cover each and every topic in a short period of time. Imo, learning forex goes on until ones’ trading career.
It’s important for a profitable trader to be patient. As it takes time for good returns to show up, you better don’t trade with the condition of making profits. If you keep chasing profits by hook or crook, you may end up losing even more.
As a beginner, I didn’t analyse the market seriously. Most times, I was going with the flow. But after losing a few of my trades, I realised what I had been missing.
See, there a lot of reasons behind why you might lose money, but most of them stem from poor money management, and unnecessary risk taking, it’s okay to lose money, but there is a problem with your strategy if you keep losing it
The concept of one-size-fits-all can’t be applied here. The trading that suits your trading style and approach is the best strategy for you. You will learn as you grow in trading which strategy is working for you and how to customise a strategy according to your trading needs.
Both trading approaches have their own pros and cons. Using automated trading you may predict and make decisions based on algorithms that are the result of intricate programming and solution but it may sometimes be misleading and result in losses. Manual trading gives you credibility as you are...
None, without a doubt! You will never feel easy when you have put your money at risk. Moreover, all strategies have their own rules that you must check before using them. You need to find a strategy that fits your trading requirements and helps you make profits more than any other strategy does.
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