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Thanks for sharing. Divergence is a very good set-up, however it is very suggestive and is hard to identify objectively in real time. It is better to use an indicator to generate the divergence signals (ITIC sells one).

EMA crosses are nice - try to confirm them with S\R levels for a better win rate. I have found that using EMA crosses by itself work mainly in trending markets, and fail in ranging ones.

You can lose only what the equity you deposited in your trading account, however your losses can be multiplied and you can lose it much faster than in other securities such as Stocks.

ForexTester should be a good way of training FOREX though I have not used it yet.

I trade Gold and Stocks in GCI broker, which also trades FOREX and other commodities and it supports MetaTrader. Very good broker.

My advise- leave the MACD alone. This indicator is lagging, produces slow and late entries and is generally useless. Learn about CCI, Stochastics and Bollinger - they are much better for trading.

I couldn't agree more - trading courses can be a very effective way of beginning to trade. It will also take you the least time, as you learn quicker - however, it costs money. It is better to learn from someone else' experience rather than your own.

Thank you for this helpful tutorial. Why doesn't MT5 auto-compile indicator, like in MT4? Some security reason?

Start by learning the CCI, Stochastics and Bollinger. Learn how they are calculated and how to generate trades with them. For a beginner, they are a good start.

Stochatics a great trading indicator - especially using large values for the K%. You can catch very big trends trading these settings.