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Thread: Automated trading

  1. #1
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    Default Automated trading

    Forex owes its striking popularity to wide accessibility. In order to trade on this market, one only needs to have an internet-connected computer. Entering the market does not require big investments. Moreover, trading can be conducted in an automated mode, when experts advisors do a trader's stint of work.

    People starting their way on Forex often lack experience or knowledge to trade on their own. That is why over half (about 70%) of all market players choose automated trading. Employing expert advisors help avoid the detrimental effects of panic, anxiety, and other emotions. Expert advisors are developed on the basis of many year experience of successful speculators and professional analysts. Even though the automated trading programs do not guarantee 100% profit, they are great to start your Forex trading with.

    So, what is automated trading, also known as EA trading?

    Expert advisors are special programs comprising various modules to analyze charts and data going from a trader to the broker.

    Automated trading systems have been employed by traders for quite a long time already. There are more and more EAs every year. Many of them get upgraded. Not only is EA trading profitable, it also helps gain skills necessary for efficient work on Forex.

    Most of expert advisors offered by different companies for automated trading are very simple to use, so no know-how is needed. Just download them, install, and adjust settings – and you can start trading which will immediately bear its fruit.

    In most cases, trading systems are provided free of charge with a promising description of the functionality. However, at times it has little to do with reality. So, relying on EAs alone is irrational, despite all the advantages. Traders who have gained sufficient expertise and know all ins and outs of trading strategies begin trading on their own, determining the currency rates' dynamics on short or long time frames.

  2. #2
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    Gracias por la información

  3. #3
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    Automatic trading is very profitable to be able to trade with simple. But for beginners are strongly advised not to automated trading because automated trading will only give a bad influence for us, we are so lazy to practice trading

  4. #4

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    I think a traders should take decisions of his own, these automatic systems seems to be good but they are programed in a fixed manner which might cause it to make wrong move in volatile market situations.

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    Quote Originally Posted by Lucien View Post
    Automatic trading is very profitable to be able to trade with simple. But for beginners are strongly advised not to automated trading because automated trading will only give a bad influence for us, we are so lazy to practice trading
    there;s no lazy way of succesfull trade, while beginner should finish with their basic knowledge first. forex education are the very first thing to consider, traders should start learning from the very beginning, this video tutorial has a wide range teaching forex trading material.Advanced Forex Trading Video Tutorials it has structured course outline.you can select which lesson you need to watch, based on your knowledge level, each video only at average 3-5 minute duration. take your time, since you're new with trading, first thing invest your time with learning.

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    Quote Originally Posted by ebi View Post
    there;s no lazy way of succesfull trade, while beginner should finish with their basic knowledge first. forex education are the very first thing to consider, traders should start learning from the very beginning, this video tutorial has a wide range teaching forex trading material.Advanced Forex Trading Video Tutorials it has structured course outline.you can select which lesson you need to watch, based on your knowledge level, each video only at average 3-5 minute duration. take your time, since you're new with trading, first thing invest your time with learning.
    Yes, we must have basic knowledge about forex trading if we want to earn money in forex. Both manually or automatically, we need knowledge and skills. And we also choose the right EA for trading. But i prefer to trade manually, it makes me feel how forex trading is. And i also try to more improve may skill in forex

  7. #7
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    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. In short, before deciding on which type of trading to adopt, one should be aware of their respective advantages and disadvantages. My broker offer automated trading with myfxbook autotrade system and also manually. so let you choose what is the best for you

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