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

Apr 11, 2022 at 13:37
Przeglądane 3,205
73 Replies
Uczestnik z Jul 26, 2019   31 postów
Aug 17, 2022 at 19:48
We live in an amazing time.
First of all, there is the Forex market, which gives opportunities. I mean to earn excellent money without large investments. All you need for this is the Internet, a computer and some knowledge.
Secondly, there is a lot of software, expert advisors and robots to help traders to trade. There are traders who only use robots to trade.
I think that you should not rely only on the technique. You have to know how to trade and what to do in certain situations.
Robots can be used as advisors or as... Partners. ;)
Why not? It's a great tandem, and the probability of profit increases!
Uczestnik z Aug 02, 2022   18 postów
Aug 18, 2022 at 11:23
The intellect has its own wonders. But it has certain limitations too. Machines, on the other hand, are powerful and innovative. But they have limitations too. So, combining both is the key.
It also depends on one’s time, goals, and dedication to the choice of their usage.
 
Uczestnik z Aug 17, 2022   80 postów
Aug 19, 2022 at 10:09
One’s intellect and machine learning with its usage brings out the best combination by keeping balance. I believe somewhat the same.
Uczestnik z Aug 17, 2022   80 postów
Aug 19, 2022 at 10:11 (edytowane Aug 19, 2022 at 10:15)
Keen to hear others' response as well.
Uczestnik z Feb 15, 2022   219 postów
Sep 14, 2022 at 13:41
I know that a loss breaks down a trader mentally. I also suffered this issue much but you cannot avoid losses completely.
Uczestnik z Sep 15, 2022   36 postów
Sep 17, 2022 at 10:35
Manual trading can be prone to human errors. So, it’s better to use machine’s for trading.
Uczestnik z Feb 15, 2022   219 postów
Sep 17, 2022 at 16:57
Fobinacci shows traders with different trading angles and points. Besides using fibonacci, traders should use other indicators as well to well predict the market.
Uczestnik z Jul 23, 2020   869 postów
Oct 01, 2022 at 13:45
Make your Forex trading journey favorable for you at any cost with a well-defined risk management strategy.
Uczestnik z Oct 12, 2016   857 postów
Nov 04, 2022 at 10:39
It used to be more like manual trading better than auto trading in the past and a combination of both is good for now at present in my opinion. But very soon within next couple of years, it is completely going to change and only auto trading or machine learning will prevail in every field including forex trading.

What you call as mind is the results of human brain which consists of around 86 billion neurons and our world has not reached that level of artificial neural network to reach 86 billion neurons, but will reach and surpass probably within next 2 to 5 years. Then, what decisions one can make through mind, a computer can do it 1000s of times better, cheaper and faster at the speed of light compared to a human being.

Few latest examples are the AI research results of companies like Google and Tesla who are already performing at super human level in many tasks. Actually, after crossing the threshold point, whether forex trading will exist or not that also I doubt since once the Artificial Intelligence reaches the human levels, then they usually reach super human levels within a couple of days of additional training and so forex market may collapse also if such algos are directly run in forex trading and no human can ever compete in any way.
Artificial General Intelligence
Uczestnik z Oct 28, 2022   50 postów
Nov 05, 2022 at 10:09
For me, it's machine as it gives error free results.
Uczestnik z Feb 15, 2022   219 postów
Nov 06, 2022 at 12:16
Don’t trade randomly because it will diminish your trading equity. Professional traders don’t open and close trades randomly rather they look into the market very carefully.
Uczestnik z Jul 23, 2020   869 postów
Nov 06, 2022 at 16:25
Every broker offers traders a demo account for practicing but traders are pretty much unwilling to use demo account just because they can’t utilize the significance of that.
Uczestnik z Feb 15, 2022   219 postów
Nov 08, 2022 at 05:40
Everyone has a different choice over the ways of earning knowledge. So, make gathering knowledge your primary choice so you can be benefited ultimately.
Uczestnik z Jul 12, 2019   10 postów
Nov 10, 2022 at 12:07
Until computers can handle parallel computations (which is essential for understanding patterns), the human mind will always prevail
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