There are two main methods of trading in Forex (and in any other financial market too) — manual and automated. When you trade manually you open and close market orders yourself. Of course, you can still use the pending orders, stop-loss, take-profit and trailing stop orders, but the main trading decisions are always yours. In automated trading you delegate all your trading decisions to some trading robot or expert advisor. Of course, you can control it via some input parameters or by attaching it to different currency pairs and timeframes, but it’s still an automated Forex trading because all market orders are carried out by an automated system.

Each of these methods has its own advantages and disadvantages. For me, it’s just not comfortable enough to trust my real money account to some expert advisor. That doesn’t mean that I don’t use automated trading at all, but I still use expert advisors only on demo, trying to develop the one, which I would be able to trust my real trading. And how do you feel about automated and manual Forex trading?

If you have some interesting comments or questions regarding trading using automated and manual Forex strategies, please, feel free to reply using the form below.