Automated Forex Trading Versus The Human Day Trader
January 24, 2010 by Forex Guide
Filed under Forex Robot
There is a war brewing in the Forex trading marketplace and in one corner we have the automated Forex software and in the other is the human day trader. From the very beginning of this contest it looks like the human trader is in deep trouble and does not belong in the ring with the Forex Robot. During this article I will breakdown the battle and why the Forex software is taking names in the Forex trading marketplace.
The Human Condition – At the start of the fight the human day trader is at a complete disadvantage against the automated Forex software due to the human condition Humans need to eat and sleep just to operate and while we are completing these daily tasks the Forex robots continues to operate and only stops when the Forex marketplace closes.
Emotion – Emotions are a complete disadvantage in this battle and will can cost someone a whole lot of money. A quick surge of adrenaline or a blanket of anxiety are two of the worst things that can happen to a day trader for they stop thinking with their brain which is an expensive lesson. The Forex Robot on the other hand does not have to worry about emotions heck a Forex software does not even know what worry is.
Consistency – Consistency is of utmost importance when it comes to currency trading and making a decent living. Making the right trading decisions time after time is what separates the great traders from the guys who use to trade. With the Forex marketplace being open for six days a week and twenty four hours a day a human may be able to perform at his peak a few hours per day where as the automated Forex trading once it is turned on will continue to make the same sound trading decision until you turn it off.
The rise of the robots has been a favorite topic of the science fiction community and for the most part we all shrugged away their concerns about robots dominating our society. Well that day is today and at least on the Forex trading floor robots are here and they are not going away anytime soon. In the fight between the Forex software and the human day trader it took longer to announce the combatants.
I don’t think there is any info here. For all of you that are interested in forex trading I assure you that a trading system is far more complicated than that. Want to find out more about trading system? Check out my new article about it. Just follow the link from my profile section.