These days any trader has an opportunity to make money trading Forex. All you need is to find a suitable broker, register, open a trading account, deposit money and start trading. If you do not want to do it manually you can use a trading robot to do all the routine job for you.
However, more often than not, blindly trusting your funds to a trading robot developed by some shady gurus results in major losses. What are the reasons? Who is to be blamed, the robot or its creator? Why do some followers of automated trading win while others lose?
Let’s try to find the answers to these questions. The expert team of Manors Group Broker will help us.
Automated Trading VS Manual Trading: Pros And Cons
Both the trading approaches have their advantages and disadvantages. Both of them are risky as they depend on how profitable a certain trading system is. Then why using trading robots at all?
According to Eugene Olkhovsky, ’s expert in financial markets form Canada, when it comes to cooperating with a trusted and reliable broker, as well as using a profitable trading system, trading robots can be a great help to Forex traders. Obviously, trading robots should be developed by a team of professional programmers and trading experts in order to be able to trade the market exactly the way you want it without any breakdowns and errors. Another thing is that your broker should be reliable and should allow automated trading.
Automated trading helps traders to do the routine job, to stick to the trading plan without being subject to emotions. They do their job much faster than a human trader and can trade 24/7 without fatigue or overload.
However, a trading robot cannot improvise and reacts to the situation only according to a certain set of rules (trading system), which is not always good where there is a force-majeure or an emergency situation. If the market rapidly changes, a trading robot cannot adapt to it without external help (a change in settings will be needed). More often than not, trading robots cannot tell a trend form a flattish (range) movement. Trading robots usually rest upon technical analysis without being able to analyze fundamental data. And finally, the programming code of a trading robot may contain an error, which may eventually result in trading errors.
On the other hand, manual trading is better in several aspects: you stay in control of the situation and can react quickly to an emergency. You make trading decisions and take full responsibility for that, basing on different types of information, including technical and fundamental data.
However, sometimes emotions can play dirty tricks on you, thus undermining your trading performance due to the possibility of inadequate behavior in extreme situations. Moreover, you cannot trade 24/7 without having a rest. Probably, you have many other things to do throughout the day. Sometimes, it may be fairly difficult to process tons of information mentally, without the help of computers. And finally, sometimes there are misclicks or other things that result from lack of attention.
Therefore, you can see that both the approaches are imperfect. So why not making use of the strong sides that both of them offer? It means that you can combine automated and manual trading. Just let the robot do some routine job for you while staying in control of some major aspects of trading like deciding on whether there are suitable market conditions for your trading robot to do its job etc.
How To Choose A Suitable Trading Robot?
These days, lots of brokers and dealing centers offer their own universal trading robots that can be set in accordance with any trading system. Manors Group Broker is one of them. Not so long ago, it expanded its series of trading robots with another product called “Infiniti”.
INFINITI is a new (5th) trading robot developed by an independent group of trading and programming experts and sponsored by Manors Group Broker. This is a revolutionary product. It has already been tested by Manors Group Broker. The results exceed the bravest expectations. That is why Manors Group Broker’ capital is partially managed by INFINITI. And it keeps making money amid the eurozone crisis and global economic instability. That is amazing! It is not afraid of flattish moves and market “tsunamis”. Based on Martingale, it works best on H1 charts. The average yield is 5-15% depending on the currency pair and settings. A new hedge option makes it impossible to lose your entire capital.
Any client of Manors Group Broker is now able of make use of this trading robot through a special VPS remote server and MetaTrader 4.
Therefore, for many traders and investors, INFINITI may become a perfect solution. For more details, please, visit Manors Group Broker’s official website.
