Honestly, you’d probably be much more profitable learning technical analysis, tracking economic events, and trading for yourself. No one will trade your money like you can.
I use a conservative hedging strategy, a fair sized leverage and an EA that has greatly improved the quality of my sleep each night! Let me explain.
I set my initial positions using two or three closely correlated currency pairs. I trigger my EA (for those who may not know an EA is an "expert advisor" or small program that runs automatically for you). I set my profit target and some trailing stop information and then I go about my life. No charts, no signals, no constant monitoring, no worries….
My EA will constantly monitor the total profit of all my positions and will automatically close my positions when my profit target is reached. The really nice feature is that I was able to set a trailing stop so that if the market moves past my initial profit target I will continue the ride as long as my profits keep increasing.
I wake up on quite a few mornings and find that my account has grown by $1000+ while I was asleep!
No related forex EA.
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Liz
August 1st, 2009 at 11:20 am
Honestly, you’d probably be much more profitable learning technical analysis, tracking economic events, and trading for yourself. No one will trade your money like you can.
Paul U
August 1st, 2009 at 11:20 am
Hi Mango,
I use a conservative hedging strategy, a fair sized leverage and an EA that has greatly improved the quality of my sleep each night! Let me explain.
I set my initial positions using two or three closely correlated currency pairs. I trigger my EA (for those who may not know an EA is an "expert advisor" or small program that runs automatically for you). I set my profit target and some trailing stop information and then I go about my life. No charts, no signals, no constant monitoring, no worries….
My EA will constantly monitor the total profit of all my positions and will automatically close my positions when my profit target is reached. The really nice feature is that I was able to set a trailing stop so that if the market moves past my initial profit target I will continue the ride as long as my profits keep increasing.
I wake up on quite a few mornings and find that my account has grown by $1000+ while I was asleep!
I would be happy to send you more info.
pupp52@yahoo.com
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