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I quitted learning manual trading and I am learning automated trading

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umuneke44

New Member
manual trading takes time and it is frustrating, It once gave me a mental break down and I won't return to it , so I have chose to study algo trading! hope it will help.
 

marcopolo009

New Member
manual trading takes time and it is frustrating, It once gave me a mental break down and I won't return to it , so I have chose to study algo trading! hope it will help.
good luck. it has its own pitfalls... easy to get ea with lots of promise but to discover they don't work in a real life account...
 

desofm

New Member
manual trading takes time and it is frustrating, It once gave me a mental break down and I won't return to it , so I have chose to study algo trading! hope it will help.
What have you learned so far? I want to get into algo trading too!
 

tudayakumar

New Member
good luck. it has its own pitfalls... easy to get ea with lots of promise but to discover they don't work in a real life account...
Exactly! Even if you do 2 -3 trades per day with an indicator and SNR levels you can earn better. But Automatic trading can blow your account any time if the market is choppy.
 

cashisking86

New Member
So you opted to do something you have even less control over? Also trading takes time because it is so multi-facetted. Once you learn theory you then have to work out a strategy that works for you and be able to execute it. THEN you have to deal with your inner demons that stop you trading logically. There are no shortcuts and EAs won't shorten the process.
 

Angiosperm

New Member
Your reason for moving to automated trading doesn’t satisfy me much as you seem to not have obtained enough experience in manual trading that would have helped you in setting the right instructions for automated trading.
 

Hootenany

New Member
Sure, take time and relax before you start manual trading again. Using an EA for a long time is not suitable as you cannot completely rely on it. So, go back to learning and practice on a demo account if you must and gain confidence! It is okay to feel low, pick yourself back up, remember the goal and aim towards it!
 

Quibble

New Member
I don’t think that it is a good idea to quit manual trading completely. I mean it’s not a good decision to depend on a robot with your trades. You can use a bot in highly volatile situations but consider manual trading the other times.
 

Spectrograph

New Member
I am sorry but manual trading is much less stressful than automated trading in my opinion. You are in total control of your trades and the only thing you need to do is manage your emotions while trading. It is normal to feel stressed when you start out as a beginner. Learn to deal with the stress and you should not expect to find shortcuts even with automated trading.
 

Macromania

New Member
Without trading manually, what made you think that it is time consuming and won’t work for you. I am not sure what you have in your mind but manual trading is still the best way of trading. It may not work sometimes but your automated system is also prone to failing. I am not saying that you should not use a trading bot. All I am saying is that you must first obtain trading experience as a manual trader and then move to a bot.
 

Siphonic

New Member
Good luck with that. But I would advise you to try learning manual trading again. You should not give up on learning this easily. Automated trading also has its own challenges and sometimes it is way riskier than manual trading. Learning to trade forex will never be easy but the knowledge about manual trading will surely help you in the long run.
 

Monopial

New Member
It’s not possible to use automated trading before you can trade manually. So, don’t believe in all that any random person tells you and do your learning properly.
 

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