Forex EA,How useful this thing?

Forex EA (Expert Advisor), it sounds cool and really cool ... He's just a software to help our trade, to transact and execute automatically. Steady ...! Well, so many kinds of these trading robots, including its strategy. Each robot also had a rule, the advantages and disadvantages. If we're lucky and observant rulenya again, in general, he is helping to achieve our profit. But that does not fit, instead of just spending our money.

Perhaps you've read books on forex, or read all about forex trading on the internet or you've gone to a seminar forex trading. This is something that interests you, something you want to commit time to it. Perhaps initially as a hobby and maybe one day for a living. Once you have this basic knowledge, where do you start?

 

1. I would recommend you buy a book about forex.

You will be able to understand what is forex, and the book answers many basic questions. In addition, you'll see information about reading charts and technical analysis. Read the book from cover to cover.

If you have an internet connection at home, you can learn forex in this blog. I have tried to use language that is easily understood by beginners who want to know about forex trading. Able to complement your forex books. Because if you only read the book forex, you will still be confused and not understand anything despite having read it through.

When you're done, go to step 2.

2. Download and install MetaTrader is free trade and charting platform.

You will be asked to open a demo account after installation. You can download Metatrader from several places. One such place is http://www.metaquotes.net/. Find aja item: download terminal. Start practicing with a Metatrader to learn what capabilities it has. You will not find a Metatrader book in a bookstore, but you will find an online manual on the internet. There is also a large user community about Metatrader. You can find one of these communities by Googling "metatrader forum."

3. Started to implement some of the things you learned from the technical analysis on charts.

Attracting some of the trendlines or add some indicators (in this blog post I have, just look for it on the label). Also practiced how to start putting some trades / transactions. Do not worry about how much you take the risk, or whether you will profit or loss. Practice familiar with the charts, practice placing trades. There are only two directions you can trade, buy (buy) or sell (sell) the currency pair. Try to concentrate only for consistency in the EUR / USD, GBP / USD, USD / CHF, or GBP / JPY (four pairs of the most popular.)

These three steps should be done for some time. Take the time to get used to practicing.