Manual trading

It is better to trade manually. Yes you could use EA for execution trade for any specific price. I mean for pending order. But fully automated is not a good idea. Fear of losing opportunity is one of the destructive fears in trading. It also similar to fear of losing money. Even it's more severe. It's Not a good idea to force yourself in order to make more money.

forextrader777 posted:
The main thing that a human forex trader has which an automated trader doesn't is a brain. Where an automated trader can only execute decisions based on the scenarios that are programmed into it, a human can understand everything that is going on and process it together.
So, I too believe that manual trading is a better option.

EA trading is also good for trading without emotion. If you can make an EA with profitable trading strategy, it will be easy to trade.

Yes, I agree. I am also a fan of manual trading more than automated trading.

I think both manual and automated trading are great. There is less chance of encountering your emotions with automated trading but manual allows a person to trade with complete control.

I also prefer manual trading. Traders can develop through learning and practice.

Manual trading is best because we can control our trade and manually trade Forex.

Manual trading is way better. You can not always rely on an EA to produce profits for you.

Manual trading has advantages in soybeans because you can easily react to market volatility.

This is an eternal argument and it will go on forever. For the reason that there is always a trader who will manually trade better than the best advisor. The human brain is the best tool.
Use what you like, because there is no point in arguing which is better, like an automatic car transmission or a manual one.

Do what you prefer. I prefer automated because I can back test a new strategy in minutes but if you prefer manual then go for it. Just accept that it may take longer to test new strategy

I also don't understand why manual trading is the best. Why wouldn't it be better to trade differently, I need money-making it can come anyway.

This matter is quite subjective. I personally think that it is better to automate trading as mch as it is possible. I feel that the computers are much better in making decisions because they are unbised and precise along with the fact that they are faster. However, it is really hard to create such a system which will be absolutely independable from a human being. THere are lots of trading bots which are available nowadays, but they are effective only in certain situations, like some of the robots are good when the trends are strong and absolutely useless and harmful during flat market and vica versa. So, a human should still controll these robots in order to make their trading results better.

Yes, perhaps you are right and a lot of things that are related to the trading routine... let's say, it would be easier to automate these processes. I have been trying to automate my trading system and achieve a stable result for a long time. And sometimes I go back to manual trading to dive into the market, movement and move on.

Lionkingdom posted:
It is necessary to have experience in manual, this is a must. If you have at least 3-4 years of experience, it will be much easier for you to understand the work of robot system. Those who start right away buying a ea without any knowledge will surely lose.

I think so too. Its key for you to understand why a trade is been taken if you dont you will find it hard to succeed with a bot

Manual first is a must. then maybe use an EA later to replicate your manual trades

I feel traders should put great emphasis on learning more about manual trading rather than relying on automated trading. Manual trading teaches you how to read market movements and patterns, and strategize accordingly.

Not just basics knowledge, we need deep understanding of the market. For that we need to develop knowledge and skills.

I’ve always been too skeptical to use any EAs. I’m sure there are good ones out there, but I have too much anxiety to just walk away and trust it.

I've used EAs and personally it pushed me to learn forex better so I could more effectively trade manually. I much prefer the latter now.