Yes, how to decide between both? Should you be going for automated Forex signals or manual Forex signals? In other words, would you favor automated trading over manual trading or vice versa? Though it is never easy to decide yet the current market trend presents a very interesting picture.
More and more traders prefer automated trading over manual trading system. They seem to be happy with automated signals. The major benefit with automated Forex signals is that these signals can be very accurate, perfect and error free provided the system has been programmed properly.
The auto-trading system makes sure that Forex robot will be very disciplined and will work accordingly as planned. If the system has been programmed properly and intelligently, no way it is possible that forex robot will buy when it should be selling. Also, there's a little chance to invest in wrong lot size and it won't misplace the t/p or the s/l.
Another big advantage with Forex robots is that more data can be processed as compared to human forex trader. One has to simply log in to his/her account and and monitor all the charts without really losing any trading signal.
Bots never get tired unlike humans. So, as a trader you have a great chance to earn profits 24 hours a day and seven days a week.
Automatic Forex signals though good but can be very risky. The biggest limitation with automated signals is that there is a lack of intelligence behind them. Decisions are taken purely on the basis of programed settings in the system. There could be case arising anytime where investment decisions could be triggered when ideally it shouldn't be the same. This is very unlike human decision which is based on the intelligent analysis of the given situation.
Talking in terms of manual or human Forex signals, these signals being intelligent can help you decide easily whether to trade or not in the current Forex market. You can always decide whether you would profit or should you pull out the trades. These signals are intelligently analyzed by humans on the basis of years of experience in trading.
Still in dilemma?? Well, it appears very clearly that manual forex signals are much better than these automated forex signals. Experts though suggest to choose hybrid platforms. One must remember finally - Technology can lead to profitable forex trading but it is no match for the human intelligence which is characterized by thoughts and emotions. So, make a wise decision!
More and more traders prefer automated trading over manual trading system. They seem to be happy with automated signals. The major benefit with automated Forex signals is that these signals can be very accurate, perfect and error free provided the system has been programmed properly.
The auto-trading system makes sure that Forex robot will be very disciplined and will work accordingly as planned. If the system has been programmed properly and intelligently, no way it is possible that forex robot will buy when it should be selling. Also, there's a little chance to invest in wrong lot size and it won't misplace the t/p or the s/l.
Another big advantage with Forex robots is that more data can be processed as compared to human forex trader. One has to simply log in to his/her account and and monitor all the charts without really losing any trading signal.
Bots never get tired unlike humans. So, as a trader you have a great chance to earn profits 24 hours a day and seven days a week.
Automatic Forex signals though good but can be very risky. The biggest limitation with automated signals is that there is a lack of intelligence behind them. Decisions are taken purely on the basis of programed settings in the system. There could be case arising anytime where investment decisions could be triggered when ideally it shouldn't be the same. This is very unlike human decision which is based on the intelligent analysis of the given situation.
Talking in terms of manual or human Forex signals, these signals being intelligent can help you decide easily whether to trade or not in the current Forex market. You can always decide whether you would profit or should you pull out the trades. These signals are intelligently analyzed by humans on the basis of years of experience in trading.
Still in dilemma?? Well, it appears very clearly that manual forex signals are much better than these automated forex signals. Experts though suggest to choose hybrid platforms. One must remember finally - Technology can lead to profitable forex trading but it is no match for the human intelligence which is characterized by thoughts and emotions. So, make a wise decision!
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