Im a forex part time trader. currently averaging 5% roi on the few trades i place per month.
Has anyone had positive results using an autotrader ? and if so can you post account history .
>Has anyone had positive results using an autotrader
Don't do it senpai. Algos have a long tail risk that ends up catching up with them and burning entire accounts in no time. I've met a few algo traders but they were always tweaking their system to avoid getting rekt by changing market conditions.
My advice would be to find a good strategy with a definite entry/stop loss, and use fundamentals to ride long term trends. Risk accordingly, and remember, if you are not at least doublingyour account each year, you're not doing it right.
Buy low, sell high. Try to end up with legal tender in your country.
Step one is easy. Step two counts on the currency moving as you want. Step three counts on the market moving as you want.
if you want to learn how the FX market works then download the notes for the ACI dealing certificate
if you want to learn about analysing time series data or learn about trading strategies... then there are books that would give you a start in that area... depends what you're trying to do really
what I should say is there are lots of ways to invest/trade... simply asking for a book on 'forex' is going to get you the same old garbage you can find on babypips or wherever people go to learn about the big meme that is internet 'forex' trading...
if you're going to just open an account at some broker that provides you with a two way quote and maybe some 'technical analysis' tools then probably isn't much to add
translation: i tried and failed because i'm a greedy shitter who thought it was a get rich quick scheme so that can only mean that EVERYBODY sucks and not just me.
that's your new favorite website. go to their school and start learning. practice for months before you go live. don't be greedy like the shitters ITT.