Manual Vs Automated
Context of Business
Manual vs automated trading. Which one is more profitable? To know the truth that you are searching for, read this article till the end.
Automated trading is not inherently profitable than manual trading. But definitely, it is more profitable than manual trading. For an investor, investment is a process where automated trading or automation is a logical conclusion.
In automated trading, the risk is yours. One wrong move can make you helpless. However, all sort of investment carries a high risk for traders.
On the other hand, trading via automated software can go fast or slow. It also depends on the robustness of your design. Additionally, a robot is not something that you can do over a week. Operating a robot software without strategy is like you are sitting in a car without a steering wheel, accelerator, or brake pedals.
We will break down each part precisely so that we can draw an outline in front of our traders. Let’s start with a small introduction to manual trading and automated trading.
Manual Vs Automated Trading
We will find some minor differences between manual trading and automated trading. Both trading types are profitable if you have prior knowledge of trading. But the question that you want to know which trading method is more profitable?
Certainly, there are some advantages and disadvantages to both methods. The hardest challenge that many manual traders faced is to trading psychology. For traders, it’s nearly impossible to stay calm and rational in the loss period as well as the profitable period.
Traders often failed to follow simple rules that lead to the destruction of many trading accounts. For these cases, people prefer automated robots.
But think logically, if you are unable to follow your rules using manual trading, is it going to be any different when trading with robots? So, stick on your rules and never ever doubt your robots.
On the other hand, the trading market is unpredictable and shifts constantly. In particular circumstances, the robot isn’t able to react as a human does. You can also consider that manual trading is time-consuming.
A lot of traders unable to spend countless hours in front of the trading monitor as they have day jobs. The bottom line is that either you trade manually or an automation system, it is more important how you execute your trading plan. And also what logic behind your trading plan.
If your trading plan and strategy flawed in the first place, it doesn’t matter either you are a manual trader or an automated trader.
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