As everything has both positive and negative aspects similarly automated trading systems have some drawbacks too. Although such automated systems have got a great popularity amongst forex traders but still they do have some disadvantages. In this article we will discuss those disadvantages of automated trading systems.
Automated trading is currently the best profit business in the town but beside all positive aspect, this trading has some hindrance drawbacks. In this article we will talk over the disadvantages of this trading.
I’ve read a lot about automated trading system, but don’t work till now. This system has many significant secret logic, through which it makes decision and design strategies. I can say that the manual trading is more successful than automated trading an individual lose all his money ad profit too, as the system is not updated all the time. The main drawback of this is that the system is not updated and an individual don’t know whether it’s right time to gain profit or to lose money. As mention earlier the computer plainly doesn’t have the ability to read human mind, that’s why they cannot detect the devise method that can be applied according to dynamically changing situation with the forex business, but all the traders might not entirely agree with the situation.
See example of signal mirror trading:
Another problem with the automated system is that the expert or computer is unable to detect the handling error as the event in the appropriate way.
Therefore, after revealing all these disadvantages I would suggest this business is waste of time and money until you become an expert. As it’s being a popular tool. The automated forex trading is also not without its flaws. If you are using it then make the best decision which is based largely on your intuition and experience.
So what is the mirror trading :
Mirror trading is simmilary with autotrading but intsead expert systems, software and scripts – other forex traders trade for you and instead you. You only receive signals.