Will 20 dollars in a miniforex account trade with an automated EA?

Just being a beginner to Forex, as well as starting with a mini-account of twenty dollars, would this volume be sufficient for an programmed program such as Autopilot to begin traffic with , as well as how prolonged would a initial traffic take as well as how would we know if traffic is receiving place?

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Comments: 2 comments

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  • Ted
    August 6th, 2009 at 9:00 am

    Autopilot would probably lose $20 pretty quickly. If you want to stay in the market longer, you have to put in more money for Autopilot to lose. But then again, maybe you just want to get it over with and have this fake system wipe you out quickly.

  • Jerry
    August 6th, 2009 at 9:00 am

    $20 isn’t nearly enough for any kind of investment or trading strategy. If you want to limit your risk first LEARN how to invest or how to trade. Take classes, talk to people, study price charts, learn, Learn, LEARN!

    I would try to discourage you from buying an automated system right off the bat as you will undoubtedly buy a scam or something else that has zero chance of succeeding.

    The issue with forex autopilot is that it never places a protective stop on any of its trades…thus eventually you are doomed to have a big loser.

    I am more than willing to help you learn and point you in the right direction if you wish. You may contact me at the e-mail listed in my profile.

    Good luck

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