subject: How to Auto-Trade in Forex for Free and Securely [print this page] How to Auto-Trade in Forex for Free and Securely
Forex (currency) auto-trading has many advantages over normal trading:
- You don't have to understand the technical concepts about the market, which may take months or years of study
- You don't have to be in your computer all day trading, which is something most people can't do
- You let a winning system or people who trade for banks trade for you
- With auto-trading you don't have to be psychologically prepared for the intense action of trading, which is the reason most people lose at trading.
Now, how do you start auto-trading for free and securely?
Usually to do auto trading you have to buy a robot auto-trading system which you don't know if it works, from someone who probably is just a scammer. That's a ridiculous thing to do, of course.
But now, AvaFX broker offers auto-trading, for free.
And how does this work?
Simple: There are many full-time traders who trade on AvaFX and operate their own fund. So if the trader makes winning trades and you're subscribed, you win money. You don't have to be logged in, you could be sleeping or working while these traders are trading for you (and their own account of course, aswell as other traders who subscribe).
How do I register?
Click on the link below the article, so you also get a new-client bonus.
And how do I know it will win money for me?
There are a lot of funds available, and AvaFX plataform shows the statistics of them all. You can see the return of investment in % (ROI%), the risk (maximum drawdown) and the time they're operating for. All of these traders are trading with their own money also, so if they lose, they'll lose money as well. Plus many of these traders trade for profitable funds at banks as their professional activity, so they know what they're doing.
And how is that secure?
Don't worry, because this isn't like regular funds where you can lose a lot of money. Here, on the AvaFX plataform, you set the maximum money you can lose, so if by chance the trader loses more money than your limit, AvaFX automatically takes you out of that fund and you won't lose anything more. You can also try it on demo, with practice money.
What funds should I choose?
You should choose funds with high ROI% of course (return on investment), and also importantly a low MDD% (maximum drawdown percentage), of less than 15-20%. This assures you'll get high profitability and low risk. Also make sure you choose many funds, like 3 to 5, and on different pairs. So if you choose one on EUR/USD, try not to choose other which trades the same pair. Then you'll be diversifying, which increases your profits and reduces the risk.
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