Forex auto trading doubts
I have trained many traders to successfully trade manually and I have always advised against automated products as they can become costly if they fail to act as they are supposed to do and they can also become a costly liability if they are left unattended to trade at a loss over a certain period of time..
The idea of automated software is to free up time needed at the computer which is welcome in theory although in practice I spent more time watching the software in case my demo account suddenly took a turn for the worse and needed my assistance.
Trading on a demo account with software causes too much concern for my liking and so the thought of actually trading with real money has never entered the equation for me. A good trading structure and staking plan I believe is more essential and as I already have both in place I’m happy to let automation pass me by.
As time progresses automated trading software will remain a talking point amongst traders as more products are added to the market. My personal view is that I automatically trade each day as it is and I certainly expect to be here long after the majority of automated trading software has been consigned to history.
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About the Author
Norman Spencer is a professional forex trader and has been trading since 2003. He is also an experienced trainer/mentor with many successful present and former students currently earning an income from forex trading. Learn more about complete forex training by visiting http://forextraining.weebly.com/

