Robot is such a good way to trade Forex since there are many factors moving in charts that we could not handle as a human. Robot is our experience + knowledge + power of machine to create a trade.
Right but it all depends upon interest. Some people have busy schedules and they can’t afford much time for manual trading so robotic trading is best suitable for them. Though, along with pros there are several cons attached to it, but it’s the fact. As all says - No matter, how flat you make your pancakes it still has two sides.No matter how many pros of of using Robots are there , many trader like me still prefer to work manual and not want to have any robots in our trading system.
That is true, not every person is made for manual trading. For trading, specially for manual trading we need to have passion and craziness for our trading. If you really want to be here, you will try your best. Other wise excuses are always there.Right but it all depends upon interest. Some people have busy schedules and they can’t afford much time for manual trading so robotic trading is best suitable for them. Though, along with pros there are several cons attached to it, but it’s the fact. As all says - No matter, how flat you make your pancakes it still has two sides.
True! manual trading do require keen interest to trade and one needs to have the will to do that. Right, excuses are the best way to walk out.That is true, not every person is made for manual trading. For trading, specially for manual trading we need to have passion and craziness for our trading. If you really want to be here, you will try your best. Other wise excuses are always there.
Right, as i said, not every person is made with same mind to trade with manual work in market. I know auto trading is not for long term because robots are always going to fail at some points. But trader can use it for few time then develop skills for manual work in that time duration.True! manual trading do require keen interest to trade and one needs to have the will to do that. Right, excuses are the best way to walk out.
Yeah. Manual trading is not everyone’s cup of tea. However, it is not necessary that robots are going to fail at some point, as there are many traders who entirely rely on robotic trading. The only thing is that if we are doing robo trading then we cannot be just carefree and don’t look at the trades at all. There are many fundamental news releases or events which can highly affect our positions so in that case either making the changes in the system or closing the positions is recommended.Right, as i said, not every person is made with same mind to trade with manual work in market. I know auto trading is not for long term because robots are always going to fail at some points. But trader can use it for few time then develop skills for manual work in that time duration.
I agree with this, robots are like programmed softwares’ which are designed based on certain algorithms. So to accommodate with the changing economic factors affecting market, changes need to be made in their programming. So in that case, humans need to get involve and trade. So I feel robots can prove beneficial if this change can be incorporated as quickly as market works.I still have no trading experience and to be honest, I was not aware of robots. Upon reading, though, it seems natural. So many spheres of life are automated anyway, why not the basic processes in trading as well? But I agree with those that relying only upon robots is nonsensical. After all, the quick changing market factors need to be incorporated in the trading style and I doubt the robot can be that quickly aligned with what's occurding outside. For basic operations though, it would most probably be useful. Still 60% success rate strikes me as little too much but who knows.