Automatic Or Automated Forex: Why Are Traders Trading Them?
t's become more and more popular.
What is it? It's automated or automatic forex trading.
The reason why many people opt for this method of forex trading is 3 fold:
1. With an automated forex system, there is no need to take the lengthly time to learn a forex system.
2. These systems avoids the human error caused by incorrectly interpreting the market (especially with a discretionary system), interpreting the rules and placing trades.
3. With an automated system, you do not have to be available at the screen 24 hours a day to be able to place the trades that you are supposed to trade
“$67,000 In 6 Months As A Complete Novice”
“Even though I had absolutely no previous business or trading experience my profits have gone through the roof! I strongly encourage anyone who’s ever wanted to work from home to purchase this system. The best part is that if you’re not 100% completely satisfied with how it performs – just get a refund. There’s absolutely nothing to lose!”
“I Increased My Investment by Over 140% in Just 3 Days”
“What can I say? After investing just $200 into the Forex Market your auto-pilot software netted me a clear profit of $489.75 in the first 72 Hours! I couldn’t believe how user-friendly it was. Within a month of using the system I only had to work part-time, allowing me to spend more time with my daughter Lauren. Thanks Marcus you’re a real life saver.”
Plus see this screenshot of the originator of this system's trading results:
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Note that any returns in a trading system in the past does not equal or guarantee future returns.
Traditionally, there is an emphasis on learning how to trade a system yourself.
This does take time and dedication of course as you have to learn about the forex market, how to interpret forex chart patterns, how you system works including all its rules (such as when to move stop losses or take profits or move to breakeven), and how to efficiently place the trades at the exac timing you need to. Speed and accuracy is especialy important if you're trading say 5 minutely or minutely charts.
The key of course is to compare and have a look at systems, be they automated or manual to see that you're happy with their results, their drawdowns, and of course you have to practice sensible money management skills and trade sensible amounts.
With automated forex, you're using a system that is programmable and that can be traded in real time by a trading robot. Of course you have to monitor its performance as you do with whatever system you trade be it automatic or manual. This is to check that the performance is in keeping with the characteristics of the system and that you're happy with the overall results.