There you go stating facts! I do believe that even when we have machines, we mustn’t rely completely on them. Sure, they help us make life easier. But, there is a thin line between depending on machines and using our own minds. It's always better to either find a balance between the two for better results.
MIND is definitely better because we all know like they say “We become what we think” and thinking is done with the help of our minds, so whatever is going on in your mind will eventually come out. So, definitely keep your mindset clear and work on whatever you think you want to earn and especially for forex trading.
If you can make use of them in combination, nothing can stop you becoming a successful trader. Make use of your trading bot to eliminate emotions and your market instinct to avoid trading when not needed.
Machines can be helpful to execute mundane works with speed and accuracy. They are good at executing the given command perfectly no matter what. They don’t have a conscience, which makes it impossible for machines to decide the right thing to do in exceptional situations. That’s why we need a human to take control of these machines and programs. I agree with the fact that human emotions can be an obstacle to making rational decisions while trading. But without these emotions we won’t even have the motivation to take up a trade. For trading bots, they just know they have to take up a trade because they are programmed to do so. But they can never replace the power of an actual human brain. Artificial intelligence is there to assist us so that we can concentrate on doing more important tasks. They are not meant to take our position and do the important tasks on our behalf. So I would say it won’t hurt to use bots and machines once in a while but make sure the decisions are made by you using all of your senses.
In the modern forex trading world, I believe you would need a trading bot that will help you keep up with the market competition. The market is moving quite fast and you may not always be able to take advantage of them while trading manually. But with a bot, you can trade quickly as per your set conditions.
Because a human mind can produce machines, but no machine can make a human mind, the mind is always superior to the machine. A trader should always use his or her own intellect to trade rather than machines or automated bots because the human mind is the best analyzer and robots are merely there to help humans.
There's no substitute for the human mind. No machine can produce a genius mind, but all outstanding machines are the result of genius minds. However, although machines are beneficial, they will never be able to fully replace a human mind.
When it comes to trading, minds are better than machines. Because of the high volatility, the value of the currency pair can change at any time, and at such times, the human mind can analyse the problem and make a better decision whereas machines will have hard time adapting to the ever changing price movement and you will need to constantly tune the strategy to make it work every time you are trading with market.
It’s all about what you believe in. If you believe that a robot will be able to give you better results, you will accept all that it gets you. And if you believe that manual trading is better, you will do everything that it takes to make profitable trades.
I don’t see an end to this discussion because there will always be several debates in favour and opposition of both of these. The best way a trader can make a decision for himself is by starting as a manual trader and using a robot after gaining some experience. When you will have results to compare, you will be able to make a better trading decision.
Instead of fighting over which is better, take advantage of both of them. Find a good trading robot and make it a part of your trading strategy. Now that you will be making use of the quick trades and your analysis, you will be at a benefit always.
I would say both are better. If both used with full productivity will bring benefits to you only. But I would say no doubt world is heading towards tech side but all those things are made by mind itself.
Trading education is a vital factor for every traders.They should not waste much money for learning Forex because learning sources are already available only and they also can follow the informative educational e-books and video tutorials.