Forex trading, like any other form of trading, is about planning your strategy in advance. In other words, you must know exactly how are you going to profit from the stock market before you even think about putting money at stake.
There are many ways to achieve the goal of having a trading strategy:
1. You can device one yourself.
2. You can take a Forex course and learn from an expert.
3. You can use a signal service and simply execute a strategy provided by a third party; or
4. You can use an EA or Forex software with the ability to manage your trading account automatically.
Any of these options will be a good one, although I you will be better off if you have a little bit of everything.
What I mean by this is that even if you have the best Forex software in your trading platform, or you use the best Forex signals service, having an understanding of the Forex market will always be a plus.
Therefore, if you want to actually make money Forex trading, you must always keep your arsenal of trading tools and resources growing, along with your knowledge of the Forex market.
Also, once you have a strategy in place (whether it is via Forex courses, services or software) always put that strategy to the test on paper money for at least two months, because as they say: only practice makes perfect, and even if you are using signals or a software, you have to make sure your are doing everything by the book.
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