What Is Better: Manual Or Automated Trading?

By Author: Valentina Pod
Total Articles: 1
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Practically every trader faces a situation when he thinks about what is better: manual or automated trading. The truth is in the fact that every method has its pros and cons. The team of JustForex decided to gather all of them in one place for you.

Manual trading
+ Full control over your transactions. You can manage orders as you want, cut losses and make more profit anytime.
+ If the system doesn’t work properly, you can quickly fix it.
+ Practicing live trading gives you more opportunities to improve your skills. Experience is what you need on Forex.
+ You analyze the market more mindfully and can predict it properly by looking at the situation from various sides.
+ Using both fundamental and technical analysis is a great benefit. Robots can’t handle it.

- This type of trading requires deep knowledge and strong skills. It may take you several years to become a consistent trader.
- It takes more time than automated trading. Complete dedication to the process is necessary.
- Emotions and psychology can be both your friends and enemies.
- A wrong attitude ...
... to trading can lead to great losses. It’s not gambling, but a serious business.

Automated trading

+ Emotions don’t interfere the working process at all. Robots trade without any unnecessary feelings.
+ It saves your time. If your expert advisor works well, just let it work and enjoy free time!
+ Sticking to the plan and the trading strategy. Programmed algorithms of trading robots won’t allow them to step away from the predetermined tactics.
+ No data overloads. Automated trading doesn’t require multitasking activity, while manual one needs constant analyzing indicators, quotes, news, etc.
+ A quick work. EAs react to the market changing as fast as it’s possible.

- Technical analysis is the main resource of a robot. You won’t be able to use fundamentals here.
- There is no flexibility. One robot works with one strategy only.
- Constant monitoring at the very beginning. You should make sure that an expert advisor can be trusted before letting it manage your funds.
- Fast computer and Internet connection have a paramount importance, as a program needs some basic means to work correctly.
- There is a plenty of inefficient and scam robots on the Internet. So, you’ll need to do a deep research before choosing a really profitable EA.

So, now you can make your final decision regarding the type of trading that meets your needs. Of course, you can use both and get a twice bigger profit!
We wish you successful trading!

PR manager, JustForex