FAQ
- With your Forex systems are they robots, EA’s or software? Well if we say a product is software then it is software or an EA or a ‘robot’ otherwise it’s a real trading system that is taught to you in a home study course. The advantage of learning the system is that you “own it” where as you can trade it whenever you want or even 20 years from now. With software your access will always be limited due to technology advancement and displacement of current platforms – plus you never really learn how to trade with software.
- How much money do I need to get started? To get started the right way you’ll need enough so you trade systematically with fractions of your account. If you need your whole account, 1/2 or a 1/4 to do just one trade – well, you better get lucky on your first few trades otherwise it’s hard to succeed with too little. That said you can trade with micro lots as well. Fortunately you can trade and day trade with whatever your broker requires at a minimum. Just start learning, practicing, demo trading, trading small then start trading normal position sizes.