Truly understand Forex may be as tough as understanding world economy. But 'playing' forex is NOT any tougher than any number game. I have stopped forex for a couple of years now, recently I got some spare time ( Happy Raya Merdeka Day to fellow Malaysian !) so I re-learn and start to play again in 15 minutes, perhaps you can try too.
- Register an account with Oanda (Choose Practice account)
- Login to Oanda
- Create sub account, enable use with MetaTrader under Advance Option
- Download MetaTrader, install it.
- Run MetaTrader, Login using account number, not the user name
- Launch Strategy Tester under View menu ( CTRL-R )
- enter basic parameters and click Start
- view Report to see if this method can earn money
- Modify Expert Properties until satisfy with result
- Da da ! I have a sure win strategy in Forex !!
Ok, the last statement is a lie. But there are 'teachers' collecting $3,000++ for a course just like this thao.
All that 'proves' is that Moving Average with those particular parameters can earn me a hundred or two bucks from 30th to 31st August 2011. It implies almost nothing at all how it can preform before and after that.
Important but boring notes
- I choose Oanda because almost 48% of its users are earning while others only have 20-30% success rate. Oanda is also having the largest users base.
- Investing with real money in Forex is the beginning of the end even for some billionaires. It is almost a Guarantee place to die if you don't truly understand forex yet. So play it like a game all you want, but never ever invest in Forex just because this blog makes it seems so simple.
- The true message MalPF wants to share is that you must use EA if you truly serious want to invest in Forex.
- Can't even get passed signing up, download and login with Oanda ? Just click the LIVE HELP button on their web page, someone will chat and help you.
- You are still clueless how to 'play' forex ? Good, you shouldn't then.
Alright, here are some screen shots ...
1. Register Oanda
3. Create sub account, enable MetaTrader
4. 1. Download and login MetaTrader
2. Open Strategy Tester window ( usually at the bottom )
3. Enter parameters, click Start to analyse
4. View Report to see if it is satisfactory
5. if not, tune 'Expert Properties' until happy.
6. If still need helps, pay me $3,000 and I will teach you in person in Starbuick. *joke*
When you have found your jewel guarantee to win strategy, its time to enable the automated trading ( on a practice account ), leave it there and then check the result later.