My knowledge of trading Forex is very limited, I only know the basics, certainly not enough to start trading.
I looked at bots which trade for you, which would have the advantage of removing your emotions from a trading decision. Seems to be a lot of scams, although I went to a respected trading forum and it seems some bots do work. I never got involved though.
Still keeping an open mind I came across Etoro Openbook which is social trading for Forex. This means you can view other peoples trading performance, choose to follow the ones you like and instantly copy their trades.
It apperars this would give a novice trader a massive advantage, allowing you to copy the trades of very experienced traders.
Does anyone have any knowledge or experience of this service?
You can view the latest feed here:
eToro Open Book ? The world's largest investment network