Automated Trading vs Manual Trading
Automated Trading
- Completely removes emotion from trading decisions. Most new traders simply struggle to keep on trading a strategy when they have had a few losing trades thereby never achieving a consistent set of trades to allow a statistical edge to work in their favor.
- Auto trading removes this emotion as the trading robot can execute your trades without any emotion.
- In this style of trading, traders can build a portfolio of different systems to cover different market conditions allowing for a level of diversification in their approach.
- As the algo can also show all the previous historical trades, traders can quickly identify whether a system has worked historically and gain useful statistics to understand when it will stop working in the future (such as exceeding historical consecutive losses, etc).
Manual Trading
- Manual Trading does take time. The trader needs to perform research, be there to place their orders and spend time reviewing their trades and individual behavior to try and reach superior performance.
- Some of these tasks can be semi-automated though. Many traders often let their emotions get to them and start to 'gamble.'
- It is up to the trader to maintain discipline in risk management at all times, making sure they don't risk too much to allow for losing trades, making sure they trade consistently to allow a statistical edge to work in their favor and making sure they focus on their processes rather than all the noise of other people's opinions.
- Many manual traders struggle with being solely accountable for their trading account and will often blame their strategy, or their platform, or their broker, rather than look internally at their behavior and decision-making abilities.
Copy Trading
These are all in the name! Copy-trading allows you to directly copy the positions taken by my trading. You can decide the amount you want to invest and automatically copy everything I do in real-time - when it creates a trade, your account will do the same trade.
You do not need to have any input in the trade and you will get the same return on every trade as in my trading account.
Copy trading is one of the easiest ways to apply my trading experience and knowledge. This means that you will not lose any control as a result. You still have the ability to close trades and open new ones whenever you want.
In fact, no advanced knowledge of the financial market is required to take part!
The advantages of copy trading are the reason it has become so popular.
Accessibility
Copy trading offers an interesting and reachable route to trading. Improve your own business knowledge Copy Trading allows you to follow my experienced trading experience, with many years of expertise and knowledge. You can learn from what I see by reflecting on my success and growing your own business.
Time-Saving!
Normally, to start trading manually you need lots of time to learn and execute trading, but using Copy Trading totally saves your time!
Quick Learning
Using Copy Trading is the smartest way to learn about trading strategies. Choose the best ones, and learn from them!
Entering All Market
Again, man has a limit. You cannot handle all the markets in the world. But it is possible in the copy trade.
More Potential Profits
By using copy trading, you can copy the trades of professional traders who want to make their profit; you can copy their success on your own. More potential profits are coming!
Free time
I can continue to trade in the markets throughout the day as I monitor and trade my account. This means you can spend time on your other hobbies!