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New To Forex Trading
WillHanns
post May 10 2008, 08:41 AM
Post #1


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Hello,

I've been researching various opportunities online and I've recently been reading about Forex trading. I think I'd like to give it a try, possibly with the help of an EA. Am I correct in that to do this I need to follow the steps below:

1) Create an account with a Forex Broker (ie: Forex .com)
2) Install a forex trading software package (ie: MetaTrader 4)
3) Install an EA that works with that forex trading software (ie: Avonko)
4) Allow system to run 24X7 making trades based on parameters I specify

Obviously I have more learning to do before I actually begin trading, but I'd like to know if I've overlooked anything or if my steps are wrong in any way. Any feedback or suggestions anyone can provide me with would be very much appreciated.

Thanks,

WillHanns
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Posts in this topic
- WillHanns   New To Forex Trading   May 10 2008, 08:41 AM
- - FerruFx   QUOTE (WillHanns @ May 10 2008, 11:41 PM)...   May 10 2008, 05:47 PM
- - WillHanns   Hi FerruFx, Do you have any suggestions on where ...   May 11 2008, 01:40 AM
|- - FerruFx   QUOTE (WillHanns @ May 11 2008, 04:40 PM)...   May 11 2008, 02:53 AM
||- - annexsports   QUOTE (FerruFx @ May 11 2008, 03:53 AM) Y...   May 18 2008, 05:55 PM
|- - forexanjali   QUOTE (WillHanns @ May 11 2008, 02:40 AM)...   Jun 19 2008, 10:22 PM
||- - Colactus   When anyone gets started with trading the forex......   Jul 7 2008, 12:48 PM
|- - FighterSpirit   QUOTE (WillHanns @ May 11 2008, 11:40 AM)...   Jul 7 2008, 11:46 PM
|- - forexanjali   QUOTE (FighterSpirit @ Jul 7 2008, 11:46 ...   Jul 23 2008, 03:37 AM
- - Roksanna   Hi. Can I have a scholastic count here?   May 14 2008, 11:30 AM
- - lulux   QUOTE (WillHanns @ May 10 2008, 09:41 AM)...   May 19 2008, 01:05 AM
|- - nchinmay   QUOTE (lulux @ May 19 2008, 01:05 AM) Yes...   Jun 18 2008, 09:11 PM
|- - ati   Learn at least some basics about forex, so you...   Jun 18 2008, 11:37 PM
- - Ixion   so can anyone recommend any good EAs? too much i...   May 25 2008, 03:03 PM
- - Fxstadium   Hi WillHanns regarding the steps you mention. If ...   May 31 2008, 04:07 AM
- - ccoker   Aren't there good automated systems that can g...   Jul 23 2008, 10:13 PM
- - railsh00ter   QUOTE Aren't there good automated systems that...   Jul 27 2008, 06:04 AM
- - forexpaddy   I recommend eToro for something simple and Forex K...   Jul 31 2008, 12:40 AM
|- - AngyTrix   QUOTE (forexpaddy @ Jul 31 2008, 12:40 AM...   Jan 14 2009, 11:16 AM
|- - mmgfx   Guys, try alpari, fxcast or finexo. And for those ...   Jan 14 2009, 11:40 PM
|- - Jacobjacob   Ok Thanks! I will read and learn about them, a...   Jan 16 2009, 01:50 PM
- - cbc08   Hi STAY in TOUCH with US Forex Trading have made ...   Aug 3 2008, 03:22 PM
|- - forexanjali   QUOTE (cbc08 @ Aug 3 2008, 03:22 PM) Our ...   Aug 4 2008, 10:42 PM
- - liner   Hi, beginners! The fact is that really FX Trad...   Aug 5 2008, 08:55 AM
|- - tock   QUOTE (liner @ Aug 5 2008, 09:55 AM) Hi, ...   Aug 6 2008, 04:47 AM
- - onewebsite   These last 6 months including today I have really ...   Aug 13 2008, 12:53 PM
- - sinjotaro   Thank you..   Aug 14 2008, 07:33 AM
- - makemoneyfromscratch   Hey there...I like to share this forex trading inf...   Dec 22 2008, 01:18 AM
- - realguru   Hi to all newbies, If anyone looking for techical...   Dec 27 2008, 02:45 AM
|- - Jacobjacob   Hey people! I didn’t really expect someone to ...   Jan 13 2009, 01:17 PM
- - Jacobjacob   Hi. My name is Jacob and I’m trying to get a bet...   Jan 8 2009, 12:51 PM
- - Pamela1   Hello everybody!!! I’m just trying to...   Jan 8 2009, 01:43 PM
|- - TheSafelist   QUOTE (Pamela1 @ Jan 8 2009, 02:43 PM) He...   Feb 6 2009, 12:10 PM
- - eliteincome   Hello I have been reading the posts,seems that mo...   Jan 9 2009, 12:44 AM
|- - Pamela1   Thank you eliteincome!!! Although you...   Jan 13 2009, 01:59 PM
|- - Ron215   QUOTE (Pamela1 @ Jan 13 2009, 02:59 PM) T...   Jan 16 2009, 07:32 PM
- - Mannetje   Hey guys. I also want to use forex but how can i c...   Jan 13 2009, 03:20 AM
- - Pamela1   Hello again! I’m looking for a good broker, ...   Jan 16 2009, 03:16 PM
|- - ashokshetty   QUOTE (Pamela1 @ Jan 16 2009, 04:16 PM) H...   Jan 16 2009, 04:13 PM
- - treebeans   I am very new to forex myself, but decided to give...   Jan 17 2009, 01:34 AM
- - eaincome   hi all guys.. gald to see newcomer excited to tra...   Jan 30 2009, 10:41 PM
- - riz79fx   QUOTE (WillHanns @ May 11 2008, 12:41 AM)...   Feb 11 2009, 07:49 PM

 

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