Forex Auto trading doubts

All my forex trading from day one has been carried out manually as I like to be in total control of my trades. Over several years I have been asked to test auto trading software which is designed to place trades automatically. Every new arrival comes with the sellers claim that their product is easy to use and works as stated but I personally have yet to find one that does actually deliver the suggested profits or works well enough to be trusted while I am away from the computer.

Although auto software trades without emotion and therefore should close out trades accordingly, I have never felt the need to automate my trading day as I only trade for 1 to 2 hours and my working day is usually complete before many commence their work and so automation isn’t high on my wanted list. Discover how you too can become a successful trader by visiting here http://forextraining.weebly.com/

My belief is that if a system works well over a consistent period it doesn’t need to be improved upon and as I make my living from trading I am happy in the knowledge that I can make my daily target without the need of any unnecessary risk.

I have trained many traders to successfully trade manually and I have always advised against automated products as they can become costly if they fail to act as they are supposed to do and they can also become a costly liability if they are left unattended to trade at a loss over a certain period of time..

The idea of automated software is to free up time needed at the computer which is welcome in theory although in practice I spent more time watching the software in case my demo account suddenly took a turn for the worse and needed my assistance.

Trading on a demo account with software causes too much concern for my liking and so the thought of actually trading with real money has never entered the equation for me. A good trading structure and staking plan I believe is more essential and as I already have both in place I’m happy to let automation pass me by.

As time progresses automated trading software will remain a talking point amongst traders as more products are added to the market. My personal view is that I automatically trade each day as it is and I certainly expect to be here long after the majority of automated trading software has been consigned to history.

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