I think manual trading is the best trading strategy. No need EA , no need signal. Just observe the chart and combine news. Increase your prediction capability and get success.
What’s your opinion??
Give and take. I say manual trading is the best too, but I am open for EAs for decision assistance / faster analysis only. Always give final decision to trader.
Hey guy,
what is manual trading strategy? could you please explain more ? first time i heard of it.
Besides, i think there is another best and simplest strategy, which is called “coin-flipped” ! no need EA no need charts and news or so. just buy/sell when it shows a head of tails or vice verse.
my opinion is, as long as the strategy works and generate profits, who the hell on earth cares how simple or complicated the methods is.
Good luck.
I can not understand why someone would trade manually when he’s following a rational system that he can describe in a script and trade it automatically.
I mean, by staring at price curves you do not learn anything useful, nor do you do anything for the common good, nor do you have any fun. Manual trading is in my opinion a sad example of completely wasted life time.
Hello pipocket- that strategy coin - flipped does not worked in Forex. This will lead u in heavy loss. well. The main difference between those 2 are:
In simple or manual trading, you sit in front of your PC, laptop, analysis market and then trade according to that. In automated trading, you have some software that do all thing for you means analysis market trend and trading.
This might help you
Hi, if you say anything about trading that means it need market research and analysis. Whether you trad manual or you relay on EA or signals. If you want to make profit you have to understand market.
I went through a phase early
On where I thought a rigid mechanical system developed through empirical analysis was the only way to go… As I matured as a trader, I realized that predicting the factors that move price, is actually more profitable then trying to predict price itself… And to approach this with a rigid mechanical method is nigh impossible.
Are their rigid mechanical systems that make profit… Yes. But do you really want to handicap your trading with training wheels?
Yea- completely agree with you. If you are a new to Forex, first it is important to have a complete basics of the market- hows it works and do some analysis of the currencies- then you start trading.
Why would you trust an EA without knowing the markets?
Very good point.
Great points.
I would suggest that before the use of EA, we should learn the Forex first. If we are newbies and don’t know much about Forex trading then we should avoid the use of EA because a successful Forex trader know every thing about Forex so we should start trading with manual trading and when we have sufficient trading experience and knowledge then we may try to use EA.