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Trade
Manual Forex trading and its basic features
If novice traders to ask whether they do manual trading, it is perhaps not rare reactions would be lack of understanding on their part. Indeed, but what else could be trade in the Forex market, not "foot." So the slang, nothing can be done, has to be tolerated.
Seriously speaking, trading on the market can be automatic, semi-automatic and manual. It is about the "Forex trading manual" today will be discussed, namely, look at the pros and cons of such trafficking, pay attention to where to take a qualitative strategy and information about the different trading techniques.
Let's start with the fact that trade hands does not involve the use of any tools, which operate. For example, if the indicators give some signals, the final word still rests with the individual. If it will go, and trading with the use of scripts or expert advisors that are on the market action, it can not be called a manual trade.
Strategy for manual trading on Forex.
Useful articles about the methods of trade.
Advantages of the trade hands:
• it is possible to take into account the particular factors that will affect the market (or already affected), which are usually not taken into account;
• easier to work on the news;
• FA analysis is generally difficult to automate, so for adherents of this method of trading the choice will be obvious.
Now look at the cons of this approach:
• the human factor significantly affects the quality of trading;
• to be at the terminal around the clock still does not work;
• harder to test trade in history.
As you can see, don't always trade hands on Forex can exceed the work of advisers in the market. You need to clearly understand exactly how we plan to work that will be more effective in our case. For example, when the system of trading is more suitable counselors, as they are not experiencing emotions, will act according to the inherent algorithm.
If to trade, based on economic and political news and events, here you will have each individual to analyze the situation independently, but the victim in this case is not useful. For hand Forex is very important to be able to focus on transactions, to be able to pull myself together and not go on about the emotions, because it will lead to the violation of the rules system, and monetary losses.
Many are skeptical of trade with expert advisors, so it's safe to say that a full transition to automation is still not take place. Not everyone will be able to entrust their money to the program, which he will not be able to monitor 24 hours a day. By the way, even if it was possible, then trading would not work to remove the main disadvantages of manual trading, for example, the human factor.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 349
| Rating: 0.0/0 |
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