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Mind or Machine? What’s Better For Forex Trading?

PhoneticNachos (DavidWilks)
Jun 07 at 02:17
14 投稿
A good trader is going to be very hard to beat when you can analyze a market on the fly.

An EA/ structured system is going to maybe have a slight edge if you can scale it up enough.

But if you had to use one versus the other, and gave them a limit of say, ten trades a week, and no more. I would bet the human, doing manual trades would win.
Protect against loses and the profits take care of themselves.
Meatus
Jun 07 at 09:28
23 投稿
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.
Victimology
Jun 07 at 10:06
18 投稿
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.
Sublimes
Jun 07 at 12:43
24 投稿
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.
Superfluous
Jun 10 at 04:33
45 投稿
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.
Cumward
Jun 10 at 09:38
23 投稿
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.
Armisonant
Jun 13 at 10:16
24 投稿
Imo, machines can be really helpful in making profits but one should also understand that they also have limitations and can’t be 100% perfect.
Pendular
Jun 13 at 12:33
16 投稿
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.
Washboard
Jun 14 at 09:32
32 投稿
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.
Ambersmith345
Jun 14 at 11:57
11 投稿
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.
Trenchant
Jun 16 at 10:48
16 投稿
A proper blend of the usage of mind and machine can generate huge profits. However, fully relying on machines is not a smart idea as the forex market is unpredictable and highly volatile.
CloeTerry
Jun 21 at 07:40
20 投稿
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.
CraigMcG2020
Jun 21 at 10:40
399 投稿
I use both, i use my mind to pick the trades and then i use a trade manager to manage them
Hotheead
Jun 24 at 09:44
26 投稿
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.
Briosody
Jun 30 at 09:50
48 投稿
A combination of both will be better. Many times machines can help you come out of complex data and patterns and help you in better decision making. But relying too much can be detrimental.
Cathedra
Jul 04 at 04:45
33 投稿
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.
personifica_
Jul 14 at 05:15
21 投稿
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.
essencejo
Jul 14 at 10:40
31 投稿
I think both are equally important without mind you can’t use the machine properly and without a machine you remind can’t work efficiently. Both should be used wisely.
LyudmilLukanov
Jul 15 at 11:42
848 投稿
It leaves necessity for strategy-based trading. Traders should go ahead in a disciplined way and step by step improvement is needed. A trader should transform every mistake into a lesson.
Marcolis
Jul 17 at 14:39
181 投稿
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.
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