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FrostyCyborg

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About FrostyCyborg

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  1. I'm not sure if forex is a scam, but there are a lot of scammers in the forex market! Forex is a difficult business, as are the music/movie/sport industries, and only a few people make money from it. Is it a scam?
  2. Oh great! Why didn't I think that way. Do you have any sites/other guide that might help? Thanks!
  3. Greetings, FH community I looked for EA and tried to figure out how to use it, but I couldn't seem to grasp it. So far, all I know is that it's an automated trading, which means you write and run the script yourself. What I'm not sure about is exactly what it is and how to use it. Alternatively, if someone could point me to some useful information/websites, that would be fantastic! Thank you very much.
  4. Sure. There is a trader that I know of who gets great ideas like the following: he watches price move during the day, and at some point he has to go shopping with his wife and kid. So, before he leaves and gets some groceries for the weekend he deletes his stop order because price is moving against him and he doesn't want to be knocked out. The guy killed his account at least twice doing that. It is questionable if he used the correct position size; it might even be questionable if he should be trading at all. But this is for sure a way to get your account minimized, if not wiped out, in a matter of hours, depending on market conditions. Not using a stop loss can kill you, especially if you are greedily horsing around intraday during news time
  5. 1. Here is a list of ECN brokers: https://www.earnforex.com/ecn-forex-brokers/ . Pick one that appeals to you. 2. InstaForex Eurica accounts have a true zero spread. Regrettably, their commission isn't cheap.
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