Hi
One of the easiest way of getting into the 5% profitable club is to get hold of profitable expert advisors.
Simply put the expert advisors into you metatrader platform and let the expert advisors do the trading for you.This can be either live account or demo account.
Just leave your computer on 24 hours a day from monday 0.00 hours until friday 17.00 hours cet
The best method of learning is to see the expert advisors trade for you, as every trade is put on by the expert advisor ,analyse the trade and see what the expert advisor did ............when and why it entered the trade and when and why it exited the trade.The expert advisors trading for you act as tutor and put you into the 5% winners to start with
There are many free expert advisors available on the internet on many message boards.The vast majority of commercial expert advisors are sold by crooks and scammers ,so if you buy from them you are likely to lose money plus the loss of money in purchaing expert advisors.Some expert advisors are very very good and worth paying $1k to $2k, really a very cheap ticket into the profitable 5% club .Many training courses cost over $3,000 and they don't generate profits
The only sure way of knowing the quality and performance of expert advisor ,is by having access to real live trading account as an investor and seeing the expert advisor trading and in action.Most of the commercial Expert advisor sellers will only show you dummy demo accounts and forged/manipulated backtests and forward tests.They can now provide foregeries of live account statements showing profits ,which are not true.The expert advisors sold on Ebay can be lethal to your profits.Most expert advisors will lose you money.
An example of a commercial expert advisor is pipboxer.It lost money in the Metatrader championship.
Participant investatech - Automated Trading Championship 2007
To see a demonstration of expert advisors in action,please read the following two journals.They will soon be fully automated
All the euro/usd trades were fully automated and are on demo accounts
http://www.fxfisherman.com/forums/fo...r-journal.html
90 % of the oil trades are automated.Soon 100 % will be auomated on expert advisors.
http://www.fxfisherman.com/forums/fo...-oilfxpro.html
OILFXPRO