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Introduction To Using Forex Bots - PART 1
Rating: 4.3 out of 5(39 ratings)
1,545 students

Introduction To Using Forex Bots - PART 1

Understand the fundamentals to get started safely and successfully with Easy Trading Bots
Created byJames Rogers
Last updated 2/2022
English
English [Auto],

What you'll learn

  • No experience necessary
  • Learn the fundamentals on Forex and trading bots
  • Trading bot risk management
  • Better understand how Forex bots work

Course content

3 sections • 18 lectures • 54m total length

  • Understand RISKS before you get started1:59

    Assess forex risks with bots before you start. Acknowledge bots are not set-and-forget and may incur losses; prepare for manual intervention and practice risk management amid volatility.

  • Introduction2:29

    this free course explains how forex bots work, how to set up and manage them, and how to develop a risk management strategy to avoid emotional trading and greed.

  • What is this course about?1:38

    Explore forex fundamentals, brokers, and how trading bots enter and exit positions. Learn terms like lot, slippage, down, top up funds, and basket trading, and why control and emotions matter.

Requirements

  • No trading experience necessary
  • Willingness to spend the time to learn and understand the fundamentals
  • A computer and/or phone

Description

No experience is necessary. The course is 2 parts; this is part 1 and will teach you the fundamentals on how to use Easy Trading Bots (ETB) successfully. You do not have to become a Forex trading expert or bot programmer. You simply need to understand from a 30,000 foot view what Forex is, how bots work, your risks and how to create a plan and strategy to manage your bot risks as the markets change.

While our bot signals have proven to be highly successful past performance is no indication of future performance. Bots do take losses from time to time. Some people can and do lose some or all of their money. We have lost money but our risk management strategies allow us to easily absorb losses to fight another day. Most Forex traders fail and we feel that is because of a few reasons.

1. They let emotion get the best of them

2. They have no risk management strategy

3. They get greedy

This course will teach you the risks of using ETB bots and give you an understanding of the strategies used by successful ETB bot users. Bots are NOT set it and forget. A bot can do most of the heavy lifting but the user needs to understand the fundamentals and have a risk management strategy in place in order to be successful. If you think that putting in some money and walking away is going to make you money or make you rich, you are wrong. While you can make a lot of money with ETB bots you do need to be awake and pay attention to the markets and the bots draw downs.

There are free EAs, scripts and tools provided in this course that allow you to check on your bot when you want or when you need to in order to take control as needed to protect your account. The course will outline all of these things so by the end you have a solid understanding on whether ETB bots are for you or not.

Who this course is for:

  • Beginners interested in getting started with Forex trading bots

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