Automated Trading or Mechanical Trading?
If you are interested in currency trading you probably have heard about automated forex robots and mechanical trading systems. The new generation traders claim that automated is the way to go because it is easy and only require one time setup. On the other hand the old timers claim that mechanical trading is the only way to make big bucks in currency trading.
So which one is best? Which one should you choose?
It depends upon your knowledge and experience. If you have lot of time and patience and expertise then mechanical trading is the way to go because your experience will always beat software. You can learn some good mechanical trading systems at Forex Cash Siphon. However if you have limited time and still unable to overcome your emotions, then a forex EA like Forex BulletProof should be more appropriate for you. This is because the forex robots are not affected by human emotions like greed and fear. Once you setup the forex EA which is built on a profitable system, then all you need to do is occasionally monitor for any major changes. On the other hand while doing trading manually you need to be alert and keep close watch on the market throughout the day.
Select your trading system wisely and stick to it.