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Good point here, Andi!
All brokers decide for themselves the trading size for one lot, so you need to be careful specially if trading on live.
Hello Chingi, and welcome to EA Forex Academy!
Andi is pretty right, if you are just stepping into trading you better go to the two basic courses that we have:
Basic algorithmic trading course + 3 Robots(Expert Advisors)
Unfortunately 1000s people get scammed every day, and we can not do anything about it, except having the forum with this topic in here. The Scam brokers will continue their work, because those that close doors, the move to another country with different name, until they are closed again, and again..this is how it works nowadays.
Jacpin, thank you for the fast replay!
It is interesting that you share your story, and your experience in trading. This way you will save a lot of time to beginner traders like me š
Yes,Ā have been reading your post and from the others. and I was impressed that you share your trading results, and your experience. You seem to be very open minded person!
I first started looking at some chart and analysis. I mean there are so so many places from where you can learn and all sounded too complicated. So I wanted something easier and automated. After looking for such a thing in Google, I came to the EA Forex Academy.
After reading your post, I get more confident that I am on the right place to learn trading š
And yes, for sure I will ask some stupid questions š
Thanks!
Chingi
Ps Can I use the automated trading software EA Studio on couple of browsers? I ran the generator and it worked!
Andi, thank you for the fast replay. I see your point. I have never done trading and specially algorithmic trading. So what I do is to read all day and trying to learn much before start trading. I think I will go over all the courses from Petko, before having even a Demo account.
When I first came to the forum 2 days ago, this topic impressed me! It was so nice that Petko updates the courses every month!
Hey Chingi,
I would suggest you to leave that course for a bit later. It uses advanced EAs, as it has time filters on the higher time frames.
You better go first with the basic courses from Petko Aleksandrov, and then look at the more advanced.
Great post, Jacpin! And you are right about it all!
I forgot to mention that EA Studio is being updated all the time which is great. Since the first time I tested a trail, there are many new options and features. But the core is the same – it generates strategies, and we place them for trading. Easy peasy
I have places the Reactor overnight but it failed to find a lot of strategies with 0.7 win/loss ratio and min 300 trades. Just 3 EAs were there for 10 hours work of the reactor.
Thanks for making this clear, Jacpin. I do believe this is from the broker. They decide how much size to be the trading lot.
For example if you look at the oil specifications with my broker:
You see one contract size is 100 barrels. This means that 1 lot is 100 barrels(around $5000).
And I see with different brokers it is different for every asset.
Welcome, Chingi!
From my experience with EA Forex Academy and Petko Aleksandrov, I can assure you that you are on the right place to learn!
I started without any education, and lost some money trying to trade. After IĀ found the courses of Petko and EA Studio, I am much more comfortable, and I start to get some profits.
Now, for me EA Studio is absolute must in trading. I would not imagine now trading without it! Really…I mean what we would do if we can not generate EAs? How would you know when to enter on the market, and when to exit? Simple question, but believe me, I am right!
It is up to you, if you are going to continue with it, but for me is the best trading software!
Hey Jacpin,
thank you for the answer again!
Yes, I will look to diversify the risk with some commodities and stocks.
Oooo I see your broker uses a lot of leverage or what is it? I mean what is the reason moving one pip will cause 100$ with 0.01. Are you sure about that?
I am new to trading, and the Academy, but already watching the courses. I have started with this usdjpy ea course, as I see people like it.
Also, it is good to keep in mind that the commodities are very volatile around the Hot Economic news concerning each. They might effect some currencies, and they way around, some currencies might be effected from the moves in commodities.
For example, we have a strong move with Oil, it normally effect the CAD(as oil is their main export).
