Forex signals

[G.Y.invest]

Hello everybody!

I am newbee. I think to invest in Forex through trading signals through MQL5 and 4invest.net.

Who can give me good adive how is better to do this?

Thank you for answers!

 

[Enivid]

Find the signal provider you like on MQL5 and subscribe. What's the actual question?

 

[G.Y.invest]

I mean advice how is it better to choose trading signals. What indicators should i analyze first?

 

[Enivid]

That depends on your risk appetites and the parameters of your trading account (you don't want to follow signals using 1:500 leverage when your account has only 1:10 leverage).

 

[G.Y.invest]

I don't want to risk a lot, at first i want coservative investments. My leverage is 1:100.

 

[Enivid]

Then you should seek out the signal providers with 1:100 leverage and low drawdowns.

 

[G.Y.invest]

So as i understand, the mail indicator of signal is drawdawn at first.
If it isn't difficult, what is the next?

 

[Enivid]

It is the main indicator if you are worried about the potential risk of loss and risk of ruin. Then I'd watch for profitability and the stability of the results - e.g. signals that make 1% per month consistently should be more attractive than those that sometimes make 10% but sometimes lose 5% per month.

 

[G.Y.invest]

Thank you very much! Will look trough these!

 

[Ary Barroso]

I’m not sure on your trading status; by the way, depending on others is not a long-term solution. Whatever, the service it is. So, manual trading is the best.