New User Success Story - From Complete Beginner to Confident Trading in One Week
Fellow GalileoFX Community Members,
I wanted to share my experience as a complete newcomer to both FOREX trading and automated trading systems. Just one week ago, I didn't even know that FOREX stood for Foreign Exchange - that's how green I was to this world.
Initial Concerns and Quick Resolution I'll be honest - when I first made the investment, I was feeling like I'd just thrown money down the drain. However, my concerns were quickly addressed through GalileoFX's excellent support channels and comprehensive download guides. The setup process was so straightforward that
I won't even need the expensive installation call I had scheduled for next week.
Technical Setup and Learning Process I've successfully deployed the GalileoFX bot on a VPS within MT5, and I utilized LLM partner's to help me develop three distinct trading profiles:
- Conservative settings for risk-averse trading
- Moderate settings for balanced approach
- Aggressive settings for higher risk tolerance
For new users, I highly recommend partnering with an AI assistant to help analyze and optimize your settings - it's been invaluable for someone starting from zero knowledge.
Conservative Strategy Foundation As a beginner, I'm maintaining a highly conservative approach initially. This means utilizing lower lot sizes, wider stop losses, reduced maximum daily trades, and focusing on major currency pairs with established trends. Conservative trading allows for steady learning while protecting capital during the educational phase. The key is building confidence through consistent, smaller gains rather than chasing large profits that could result in significant losses.
Performance and Confidence Building What I was sold was simple: a bot that trades. And remarkably, that's exactly what it does! The system has performed as advertised, allowing me to step away from constant monitoring while maintaining confidence in the automated processes. With proper settings in the right trading environment, I'm comfortable letting the bot execute trades while I focus on learning about this incredible opportunity.
Long-term Perspective and Community Support My hope and prayer is that GalileoFX will continue providing robust support 5, 10, and 15 years from now. I'm particularly interested in seeing future updates that help the bot adapt to evolving market conditions and incorporate new strategies that may supersede current approaches. The FOREX market is constantly evolving, and having a development team committed to long-term innovation is crucial for sustained success.
Learning Through Consistent Application I believe this bot will prove to be an excellent investment when combined with continuous learning and gradual strategy refinement. The ability to start conservatively while building knowledge creates a foundation for more advanced trading approaches over time.
Community Contribution I've attached my Excel document containing all three trading profiles (Conservative, Moderate, and Aggressive) with detailed settings for community review and critique. No LLM is perfect, and neither am I, but the collective wisdom of experienced traders in this community is profound. I welcome any feedback or suggestions for improvement.
Looking forward to growing with this community and sharing more insights as my journey progresses.
Best regards, Kraken
Attachment: GalileoFX Trading Profiles - Conservative, Moderate & Aggressive Settings [Excel Document]
The major loss seen was from allowing the bot to run without changing any settings. I needed to see on my Virtual dollars how this thing ran and it ran like a BULL. !!! SETTINGS & RISK Management !!!! 
