good question;has been talked about on many forums for years.auto verses manual trading.good arguments for both. sides.auto wins in the end; because you cant watch market all the time.and any system that relies on human intervention should be able to made in to rules.yes there are times some of your auto trades you make look dumb.rules are rules .this is a simple answer to complex question.manual trades should be for long term trades only.
I only trade for myself. I don't use any automated systems yet. But yeah, a lot of traders are no actual traders; they're more like investors (but mostly stupid ones who think they can make money fast and easy with a robot). lol
I prefer manual trading as I have much time to devote to trading. Automated trading is also a good option. Traders who are occupied somewhere else and cannot devote much time in trading usually go for automated trading.
I do the best of both worlds and as you can see on my profile I've quintupled my account in less than 10 trading days. $1000 to over $5000 now and going.
Show me an automated system that can do that kind of returns and you won't be able to.
You have to utilize EVERY tool in your toolbox. Your brain, your data, your robots to make money. That way you make MORE money. Why limit yourself to automated only or manual only? Use EVERY tool at your disposal.
Here's a secret tip: do your own statistics and track your own trades. Based on that, make changes to become profitable.
My friend told me that he is best at trading when he combines automatic systems and his own trading. The results are usually good. But in general, it is a matter of preferences. Someone only uses robots, while others trust only themselves and do everything by themselves and manually.
I know that most traders use robots for their trading. I really don't know how much of it is right, because then trading loses its charm and stops being trading. The more appropriate word for such trading is investment. And I don't really approve of this approach either.
I have been trying manual trading for some months now, but it looks like my brain is dumb because I seem to be going nowhere and it became kinda frustrating. I think I should try auto while trying to improve. Advice from experts please on how to manage my stupid emotions...
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.