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The Seychelles don't have a strict monitary policy like in Australia. So when the broker is getting broke, your funds are less well protected than when you're an Australian citizen. Also, a lot of scamming companies are located on the Seychelles, so this already shows that it is a tricky place...

Hello fellow members. This thread is meant for newbies in the forex market. So you decided to take your first steps into forex trading. When coming in the world of forex a lot of things are happening and maybe you wonder : Will I find my way in this huge financial world? What are the traps...

EA's work. If having the right setup, it is a helpful tool but like I say, don't give it full control over your account

I'm not favoring blessing EA. When I tried it on my demo account, it generated a lot of losses. It is a long term EA to get it profitable. Also, I don't like that it will choose it's lots based on your balance. I'm not a person who will give full account control to an EA. I don't say it is a...

I see that you're looking for brokers who are ea friendly. There are some of them but not on majority. Also be careful when you're using a scalping ea because some brokers require to open a different account for scalping. FBS is a EA friendly Brooker as IC market

EA's are reliable when : - updated regulary - not let the EA have full control of your account (very important) - having a good VPS - and when using a proper set of settings

Forex is a life time learning process where you need to take a lot of info into account. Many people think that forex is easy, that it is the goose with the golden eggs. Well forex can bring wealth of course but you need to work for it. It is not very easy to master the way of forex trading...

Yes, it could be useful to get some

These are 1 time threads to attract subscribers.

This is already a very old thread. Not sure if the thread starter is still active

Looks like a promising EA indeed

To be able to test a EA, it is advised to have a balance of $1000 min

I'm testing it on a $1000 demo account with 0.01 lot to see what the results are. I don't do backtest or do strategy tests. I'm always testing in real market. Will keep you guys informed.

Wondering if anyone had already tried or purchased the Paradise version 5 EA. According to what the developer claims (or reseller), it would make massive profits on a $100 account in about 7 days. Massive as like an ROI of 200% min. by just trading 0.01 lots I have my doubts about it but hey...

It depends on what trading strategy and if you use a solid money management. Without a solid money management, then yes, your first deposit is a gift to the market indeed. Even with use of signals

Yes, some results can give us a better look at it

Define easy and hard. It's really up to how you look against it

Yep, martingale EA are good for big profits if the market is in your favor, but it can blow up your account in minutes as well. Be careful

I strongly agree with money management, but also about not being too greedy on leverage

The best EA is difficult to find due the many kinds of strategy. First you need to find out the strategy you want to use. Are you a scalper, daytrader, swingtrader,... If you have your strategy, only then you can look for the best EA