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New to Algo trading.

Algorithmic trading can be a game-changer, but definitely a journey! I found focusing on technical indicators and backtesting before going live really helped. What trading platform are you considering? Always happy to share some resources if you need!
 
So far I still rely on manual trading, algo trading or automatic trading with an EA or similar which does provide several advantages but also has weaknesses. Before using it, you should understand how the algo trading works by testing the EA before doing real trading.
 
So far I still rely on manual trading, algo trading or automatic trading with an EA or similar which does provide several advantages but also has weaknesses. Before using it, you should understand how the algo trading works by testing the EA before doing real trading.
Agree! Manual testing through demoing is crucial before deploying an EA. Algorithmic trading offers advantages like automation and potentially faster execution, but understanding the EA's logic and backtesting its performance helps identify potential weaknesses and fine-tune its parameters before risking real capital.
 
In Forex, it is important not only to develop strategies correctly and understand their algorithms, but also to adhere to risk management principles. The use of stop losses, take profits, asset diversification and the correct risk-reward ratio are the most important components of algorithmic trading.
 
Hey! Welcome! If you're diving into trading or anything else, a great tip is to start small and learn continuously. Don't rush, and always keep risk management in mind. Also, feel free to share what you're working on or interested in—I’d love to help out!
 
Hey! A tip: Stay focused on your goals, whether in trading or life. Consistency and learning from mistakes will help you grow. Also, keep a positive mindset—it’s key to overcoming challenges! Let me know if you need any advice.
 
Technology is growth sophisticated, forex trading with algo trading may attract the interest of many new traders with the idea of the ease of making money from trading, but before diving into the potential of forex trading, it is better to recognize the risk profile of forex trading, where apart from the potential gain, forex is a high-risk investment. Don't be tempted by dreams of easy profits, ignore risks and be reckless in investing.
 
Algorithmic trading can be a game-changer, but definitely a journey! I found focusing on technical indicators and backtesting before going live really helped. What trading platform are you considering? Always happy to share some resources if you need!
I’ve had great experience with MetaTrader 4 and 5 for algorithmic trading due to their robust backtesting capabilities and support for custom indicators. For more advanced strategies, I’ve also explored platforms like cTrader and MT5 from HFM, which offer flexibility and strong analytical tools.
 
For traders who have skills as programmers, they can develop Algo trading on various platforms, I, who don't have skills as a programmer, still like to trade manually. At first glance, I saw the difference in programming languages between MT4 and Ticktrader, cTrader.
 
A beginner should also be able to understand the robot settings, be able to optimize it and program it for trading a certain pair so that there is a chance of success, and not just find a robot on the Internet and immediately try to earn money on it, as many beginners do, and then become disappointed in trading.
 

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