What are the pros and cons of manual ( click trading) vs automated trading?

[Patrizia Bruno]

Automated trading is good for repetitive tasks and saves time. You can also automate your trades for 24 hours. But the efficiency of bots is a problem. The Forex market is a dynamic market and changes due to volatility. In that case, bots can’t do much as they can’t analyse the market like a trader can.Thus, imo manual trading has an edge over automated trading. However, we can’t undermine the benefits of bots. Traders should use automated trading to make trading easier and less tiring.

 

[TerenceDavi]

Automated trading removes the human emotional error and makes trading more accurate and efficient. But traders are not able to learn anything. Traders who wish to be successful in their trading careers need to learn and understand the market to gain trading skills required for trading.

 

[Tiff14]

automation can eliminate emotions and makes it easier to execute based on constant values present, but it can be a problem especially of the trade offers other aspects that is not covered by the ea. a hybrid might be the safest way to go

 

[fartkontrol]

Automated trading

Pros

- Faster execution
- No emotions
- Trade for 24 hours
- Trade complex strategies

Cons

- No guarantee of success

Manual Trading

Pros

- You can analyse the market like a bot can’t! You have your brain to handle an unprecedented market situation.

Cons

- Can’t trade for 24 hours
- Emotions can influence your trading decisions.

 

[oakum]

Both trading approaches have their own pros and cons. Using automated trading you may predict and make decisions based on algorithms that are the result of intricate programming and solution but it may sometimes be misleading and result in losses. Manual trading gives you credibility as you are using your own skills to make decisions but you may face challenges when the situation is too complex and you are not able to understand it. So it totally depends on your capabilities how much benefits trading brings to you.

 

[hamza_jazzs]

i think the most important thing for automate trading you don't have to be screwed in font of your screen

 

[Bumbledom]

Robots sometimes can help you out of complex and tiring situations in trading.

 

[Psychomancy]

An automated trading system surely eliminates the emotional factor from your trading. You get to take advantage of the price fluctuations that take place in small intervals and are difficult to take advantage of manually. But at the same time, you better don’t forget that you are more intelligent than any system you will ever use.

 

[Pontoon]

Automated trading is many times helpful as it may mitigate risk by deciding on exit and entry orders based on charts and patterns. But sometimes they may be counterproductive as many aspects like fundamental analysis are not taken into consideration.

 

[Aerogenesis]

I personally prefer manual trading, since, like another commenter said, automatic trading is much more adept if the market has zero fluctuations, since it's a program, and that isn’t possible.