Yes, Forex trading is very risky but can also be very profitable if you research and test every EA for about 3-6 month on a demo account, before going live.
It's all hard work. There is really no shortcut, one just has to study hard and practise a lot and they will improve over time. Testing and reseach is important.
Testing EA's for about 3-6 month on a demo account is very important. If you trade on a live account to early it will be blown. Good luck with your trading.
Testing, testing and testing. It is the best way to know if the EA is profitable or not. Having enough money on your account, so it would not be blown.
For me EURUSD is the best currency pair to trade, because it is most safe. I will never trade crypto, gold and silver because it is more volatile and risky.
I have traded Fxcore100 for 1½ year and have made a lot of money. It costantly make 5-10% monthly. It is important to have enough money in your account, otherwise it will be blown.
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