YOU are not gonna like what i say, but your money will !
Trading is a business, habited by the best of the best traders whose one job is to make money for "someone" or "something", be it a bank, a broker, or individual clients, handled by a money manager, AND THEY SIMPLY DONT CARE one bit about the "retail client", which happens to be YOU -- actually, they do notice you every now and again --- just as theyre doing a head fake and dropping your LONG by 100 pips, scaring the living bejesus out of you, triggering stop losses and losing you scads of money !
Forex (and any other form of financial trading) is a full time job for thousands, and youre just stepping on the platform that will allow you to get on the train that will take you to the town that contains the school that will allow you to attend classes in this new (to you) industry. You can get on job training, but youre presently at a point where you dont even know what you dont know !
Theres money aplenty to be made (AND also lost) but please DO NOT HAVE THE AFFRONTERY to believe you can jump in with some EA you found and start making money, because you will end up GRAVE YARD DEAD in very short order, and your money will be gone.
There is a solution, but you wont like it either ------ PATIENCE !!!!! --- most "competent" traders feel it takes one to two years to learn enough to then become "competent" yourself, which leaves a long time yet to become "really good and lets not even BEGIN to think the word "excellent !"
as you wonder thru the scads of information out there, you will begin to assimulate some, understand what others are saying and slowly your knowledge level will increase, bringing on more desire to learn ---- like anything else, YOU HAVE TO DO THIS ---- fortunately you will, as if by osmosis, begin to learn, and as you begin to learn you will understand what you dont know, and once you understand what you dont know, you will head towards learning it and once you find it, you will look back at your above questions with much smiling !
there is NO field of endevor that one just jumps into WITHOUT TRAINING AND EXPERIENCE, and forex is no different --- for ANYONE to believe differently is simply suicide !
So spend the time to learn, demo different methodologies, and in a year you may possibly be walking the walk, talking the talk and wearing the double breasted blue blazer and white wingtips of the international banker ---- try doing it without treating it seriously, and they will take you out on a stretcher while 30 other "lemme do it coach -- I can do it !" newby traders attempt to step over your crushed body and account !
Can an EA do it for you ? Yes, No, Maybe --- at least until that horrid moment when it doesnt and you learn the meaning of margin call !
Forex is like anything else --- study, learn and practice --- then the maserati, trophy wife, 2 mil home in the upscale zip code and those wingtips !
OF COURSE, YOU JUST MAY BE THAT ONE IN A BILLION WHO CAN DO IT ALL BY YOURSELF BY NEXT WEEKEND !
Oh yeah, one last thing --- KEEP THAT MONEY AWAY FROM ANY BROKER FOR A LONG LONG WHILE !
OK, final one last thing --- IT DONT TAKE A GENIUS TO MAKE IT IN FOREX --- in the financial world, forex is one of the most "predictable" of the trading venues to those who can see its movements which are much more logical than most believe (think being RIGHT brained helps here) and can be charted and plotted with the simplest of indicators, so theres hope grasshopper, theres hope indeed !!!!!
enjoy and trade well
mp
