[lang=en]UNDERSTANDING FOREX AND CHOOSING EAs
It will take time on the platform and elimination of EAs. You have to know and understand Forex first. You don't have to be an expert; however, you will have to be good enough to know when something isn't going right and this takes knowledge and hands on testing. Next you need to test ALL robots on the demo account on the broker that you are going to use. This test should take no less than 30 days and preferably 90 days. By doing this, you will save the agony of losing real money. If you are the hands on manual type of person, the same testing time applies and add to that the same trading time. There are no hard and fast rules for choosing an EA because it is like choosing your partner. Everyone have different ideas and perceptions as to what they consider is a good EA. Imagine flying a plane on autopilot and you don't know the first thing about flying a plane. If the autopilot begins to fail, you will not know it because you don't know what you are doing. The same applies when choosing and running an EA without understanding Forex. Sign up for every free forex webinar that you can and take them as many times as necessary until it starts to sink in. Spend a lot of hours on the forex trading platform that you are going to use. This is how you achieve the knowledge without losing money.[/lang]