What to choose between manual trading and automated trading?

[Delaney martin Member Find all posts View Profile Close Delaney martin]

Hello

Can anyone tell me what to choose between manual trading and automated trading?

[Clay Page Junior Member Find all posts View Profile Close Clay Page]

Whether to use manual or automated Forex trading is an important decision that can seriously impact your results as a trader. Both methods have pros and cons, so it's essential to understand the difference between them before deciding.

In Manual trading, Traders can decide when to buy and sell currency pairs based on their market analysis. This can be a more hands-on approach and may suit traders who prefer more control over their trading. However, it also requires more time and effort to manage, as you'll need to stay up-to-date with market conditions and make decisions accordingly.

On the other hand, automated trading uses software to place trades for you automatically, according to pre-defined standards. This can save you time and allow you to take a more passive approach to Forex trading. However, it's important to note that automated trading is very risky.

I think that Automated trading is the Best because it defines the difference between a good and bad transaction. So if you are a new Forex trader and don't have that much experience, you can consider choosing automated trading.