After discussing advantages of Automated Trading now lets talk about few disadvantages:
1. Success Is Not Guaranteed:
Although you may use the automated Forex trading software, there are no guaranteed successes by just depending on the software itself to make you earn high profits of money. Since the trading market depends and directed by some factors such as the economy, the political state of a country or the future strategies of big companies, a trader is still required to have some knowledge and an amount of study before setting up their trading commands. As stated earlier, the system can be programmed by you to follow your individual needs. It means that the automated Forex trading system is not exactly mechanical that you don’t need to know anything at all.
2. You Will Miss The Learning Opportunity:
If you like the use of an automated trading software system, the thing is you will miss all the knowledge other non-automated traders know when they don’t use an automated system in Forex trading. The automated Forex trading system also does not tell you how it is running. But you can still understand it if you go look up the results.
3 comments
Hello Everyone,
Below is a list of the most recommended forex brokers:
1. Best Forex Broker
2. eToro - $50 min. deposit.
Here is a list of money making forex tools:
1. ForexTrendy - Recommended Odds Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.
I hope you find these lists beneficial.
Forex Trendy is a sophisticated application capable of detecting the most PROFITABLE continuation chart patterns. It scans through all the charts, on all time frames and analyzes every prospective breakout.
Thanks for nice blog. Due to poor performance of the stock market, there has been increased interest in Forex.
Saar Pilosof
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