The technology of trading currencies has come a long way since the necessity of physically buying foreign currencies from your banker. The introduction of Futures, Options, and various other derivatives have enabled investors to capture the opportunities in appreciating and depreciation currencies in a far more powerful way. The introduction of internet technology has further increased the accessibility of currency trading to the masses with countless web platforms and virtual services.
The decision to trade automatically or manually can at times be a difficult one to make. Some people prefer automated trading over manual trading because it is a mode of trading that has been tested by experienced traders. Alternatively, some traders - especially those with good intuitions about the market - prefer to adopt their own trading strategies based on comprehensive research about the market and trade manually.
Many manual traders have failed because the emotions of greed and fear affect their trading results. Once a person fails, he or she may turn to automated trading as a last resource to help them improve their trading profitability. When it comes to comparing automated with manual trading system, first argument is usually that forex robots are much powerful, accurate, high percentage of calculation, they can store and remember more data and information than human mind with which there are slightly higher chances to have a successful and profit trade. They can help in predicting the future price of the currencies.
Manual forex trading gives you the real feel and thrill of forex trading system. In manual trading you have full control over your trades and it’s always better to learn things and experiment with them. In automated trading you don’t have any idea what’s going on behind the scene but in manual trading system it’s up to you that when you want to trade or avoid the market. All negative aspects of automated trading system are positive aspects of manual trading system.
The ultimate goal in financial trading is achieving abnormal profits at any given level of risk, for a sustainable period of time. As web and mobile technology flatten the world with respect to information availability, the level of sophistication required for achieving this goal is exponentially increasing. The taste for manual trading or automated trading is still perceived as a subjective matter. It is evident that investing in a hybrid method which includes the adaptability of manual trading and the computational power and objectivity of automated trading will ensure the highest probability of real sustainable profitability.
