EA and systems?

Hi everyone,

I’m new to forex trading learnt a few things and guess have a long way to go. I would appreciate your input on this let’s say I have $50k of funds for investment and open a couple of accounts with different brokers distributing equally and than setup with couple of EA’s and trading system with good track record what I was wondering doing this would minimize risk of blowing my whole investment capital?

Sorry if this sounds stupid just a thought :slight_smile:

Thanks

Your on the right track I suggest starting even smaller way smaller! If you had 50K that you could lose your plan might work. Take 1k and try your plan first. There is a learning curve to trading even if your using EAs. Why risk the whole thing when you dont know what you are doing?

I agree with Shr1k, start with a zeroK account (demo account) or a 100USD mini account trading small lots (nano lots).

Remember, in forex you win “pips” not dollars. If you can win 20 pips daily consistently, then no mater if you trade 1 dolar or 1 million dollars, you will still win that 20 pips, only multiply for the amount of money… If you lose 20 pips, is better to lose 20 pips of 1 cent per pip, than 20 pips of 1k per pip.

Until you make consistently daily profits, (more than a month, some people consider at least one year) then you should increase your account size safely.

Totally agree buddy it is always better to invest small amount as we are not much aware of various strategies. It is even better to open demo account very initially from various sites like Devisenhandel | CFD-Handel | Online-Trading | AvaTrade
for eg, This can help newbie to test his decision making and also to check whether he is going from right direction or not?