Manual is best

Yes. Manual trading is the best option to make money form this market.

I never liked EAs, although my broker is offering such if interested. I do enjoy manual trading where I can allow to express myself in term of trading for the profits, lot size, and many more.

Agreed! For me too, manual trading is better, still it can vary from trader to trader.

'I consider manual trading because all my losses will be mine. I currently trade with short positions with the smallest lot size to minimize risk.

Though I can't, make a lot of money I will at least not lose everything if something goes wrong.'

robindude posted:
I never liked EAs, although my broker is offering such if interested. I do enjoy manual trading where I can allow to express myself in term of trading for the profits, lot size, and many more.

Agreed. Self trading is best and can give you satisfaction when you make the profit and giving you better experience

Automatic trading has its advantages, but manual trading also prevails with these advantages, because there is an opportunity at any time to navigate and control trading independently.

You can either trade manually or go for automated trading. It is your decision in the end and you can also try both and see what suits you better. Good luck to you.

How many traders here are only into automated trading?

Yes manual trading is best. You can't trust on robot as market doesnt follow same pattern. To learn trading there is no alternative to manual trading.

Joz8 posted:
How many traders here are only into automated trading?

I prefer manual trading.

Unlike auto, trading manual traders have a flexible approach to setting Stop Loss and Take Profit orders and the possibility of trading regardless of the market situation.

Traders can control the opening and closing of each order and Clear control over the change of the market situation.

I don’t prefer copy trading to a new Forex trader! Because, it’s not anything like the permanent solution, for me manual trading is much better than automatic trading services! So, new traders should concentrate on the demo.

UweMoench posted:
I don’t prefer copy trading to a new Forex trader! Because, it’s not anything like the permanent solution, for me manual trading is much better than automatic trading services! So, new traders should concentrate on the demo.

Copy trading can be dangerous for every new trader.

Automated trading is useful for those traders whose goal is to take a maximum number of trades such as scalpers. However, for an average trader with goals to take few but good trades, manual trading is best. When you get signals for so many opportunities, there's a constant feeling of missing out on big opportunities which may not be good for your trading psychology. With manual trading, there's no such thing and you can efficiently focus on the trades you take without thinking about those you missed.

I believe that manual trading is better, because only you control all the process when you're fond of manual trading. However, we shouldn't forget that some automated things also might be quite useful for you. The main difficulty in my opinion is that it's kinda hard to find a good automated tool for trading. Well, it's possible, but it's just a waste of time. You have to devote time to exploring, testing and so on. While this time you can devote to the development of your personal skills and knowledge. Here everything depends on what type of a trader you are, lazy ones always try to find something that will ease trading for them.

I use EA’s and they are profitable. No doubt that there are some drawbacks like it only works within a certain range that we set before integrating it with our platform. I change the setting according to conditions in the market to make it effective.