Last update 2020.08.11
There is, theoretically, a massive opportunity in setting yourself up as a day trader in the Forex market. You just need to have a clear and effective plan to make it happen, or the right trading tool, such as AI trading system, or AI signals.
First off, the minimum amount you need to begin trading is just $300. Despite some Forex brokerages accept deposits from just $1, it is recommended that you start with more, at least $1,000. In this article we explain how to trade forex with AI from just $1.
What broker you select is up to you but be aware of their costs (trading and account maintenance fees) and other leverage requirements before selecting the one you want to do business with.
For those who don’t use Wiseinvest’s AI proven system to get their trades, we recommend opening up at least three demo accounts and actively trading in them for a period of at least 1 month and perhaps as long as 4 months to get a feel for the tools each broker offers and to gain confidence in your ability to have and follow a system that is successful.
This tool will be your interface between you, your account and the market. You want to make sure you’re comfortable with the tool and feel confident in being able to use it to successfully trade.
Those who choose the DIY approach need to spend additional time researching and selecting a trading system. Successful traders all have a system that’s proven to work and which they follow exactly.
Successful traders are not gunslingers nor gamblers. They work on their own system, for example, using the Metatrader 4 or Metatrader 5 trading platform. So spend time finding a system that works for you and practice trading that system building your “muscle memory” to help you respond quickly to changes in the market without being paralyzed by indecision.
Yet even after all this practice and before you put one dime of real money at risk, understand that trading puts you under pressure. If you’re trading for yourself (without the benefit of Wiseinvest’s AI driven service), this pressure will cause you to react in familiar ways along pre-programmed habits of thinking which might cause you to “short circuit” and make the exact wrong move.
So take even more time trading with small amounts of real money as you work through the mental wiring you have that might sabotage and not support your trading efforts.
But there is a quicker and simpler way. Wiseinvest’s AI is programmed to trade automated for your with the AI-trading system, that is a hands-off investment tool. Or if you prefer, it is also possible use the AI forex signals to trade manually. With our AI forex signals, our algorithm find the best investment opportunities from 40 different trading strategies, sending you an easy to follow “copy-and-paste” orders for your broker.
Trade forex with AI makes it much less time consuming to begin putting your money to work without all the hassle of learning about the markets, the hundreds of technical indicators available or the myriads of strategies or market approaches there are to follow.
Wiseinvest allows you to get started making real money as soon as your account is set up.
Most people just want to make money without having to become a chartered market technician or an expert on Forex trading strategies. Wiseinvest’s AI makes this possible.
It leverages the power of an artificial intelligence proven over 13 years of backtested history to give you only the best strategy and most timely signals every day.
The best way to trade forex
There are two ways to invest with our AI in forex:
1. Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.
Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker Oanda. Click here to open an account.
With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account and you can monitor the AI trading performance directly on our dashboard.
2. Manually with AI-Signals.
Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5 and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.
There are five unique variables for each AI signal, and each must be copied exactly, in order to match the performance of the signal as close as possible.
Each AI signal alert consists of the following five data points:
- Symbol (forex pair)
- Direction (long or short)
- Position size (number of units or lots)
- Take profit (price level to exit with maximum gain)
- Stop loss (price level to exit with maximum loss)
You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a Professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.
When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate or change the leverage in your forex broker account. Learn more about leverage in forex trading clicking here.
Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.
The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. The forex broker Fxcm warns that 69.66% of retail forex traders lose money trading CFDs.
The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.