I am considering Forex Trading using algorithms based on past history to place automated trades, this is all new to me but with there being a whole heap of information out there and some really positive reviews out there I figure it would be worth giving it a go. My plan is start/risk a very small balance so to find a broker with a minimum deposit of $100 and just trade with that and let my balance and as a result trade amounts and profits grow. Should this plan work I would be looking to not touch any profit from forex trading for the next 6-9 months to hopefully have me earning a solid 1-2k per week if not more.
The brokers I am looking at are
They both have their pros and cons I was originally going to go with HQbroker I created an account and have been waiting for over a week for one of there experienced brokers to call me to walk me with through how to setup the automated trading. I have contacted there customer service 4 times and keep getting told they will call but I have had no call yet just to be told they are backed up at the moment.
Avatrade look really good but they do not provide you with the algorithm you have to find or develop your own which is a major thing for me, that being said though they do have copy trade option where you can select from a number of real life traders and have there trades copied live. Avatrade is also a whole lot more regulated which is very appealing to me. I guess I will do a little more research to see which one I go with or potentially even find a 3rd company to add to my forex trading list
If you have any suggestions or tips for me here I would love to hear them as I am keen to give forex trading a go very soon