Hi guys, Iam new to babypips and wanted to ask, has anyone heard of the Forex Bling EA? Thanks
No. But here is some food for thought…
Why use an EA?
Using an EA, if it works even (99.99999% probably don’t over a long period…) wont help you because even if it makes you 100,000 a year, when the indicator is no longer usable because the metatrader 5 platform takes over and all the brokers stop supporting metatrader 4 (were talking YEARS down the road) but it will happen, then your money flow stops.
So why not learn how to trade without the use of an EA because even if you think you found the 0.0001% chance that it consistently makes money… it wont last forever …
Look, I know its tough learning to trade, but if you do it right, in the long run, there are many more rewards.
I would very much second that… education is the first step to success… you won’t get very far without it… take the time to learn how to trade and it will be a skill you will be MOST proud of that you developed…
- chrish
Hi trader346, fxgroundworks and James,
Thanks for your input. I had an ad sent to me about Forex Bling. I am learning to trade and I am like you, not really convinced that an EA is the way to go. I am trying to trade the simplest systems or learning how to read markets first before I actually go live. I have found quite alot of trading ideas from this site and hopefully will get it right.
Thanks for your thoughts again.
Cheers
You’re wrong James and you shouldn’t give bad advice like that.
For those guys it’s better to stay out of Forex altogether instead of blowing their savings on some piece of crap EA (all EAs sooner or later fall into this category…)
There’s nothing wrong with a savings account or some other form of safer investment.