I do prefer autotrading from manual cause i win money and time , i just following signals and i dont have to check my trades 24/7. Zulutrade is my chosen platform.
I use zulutrade , an automated platform , my signal providers get the job done.
Ignored
While it is absolutely viable to let somebody else trade for you, I must say, you are not a trader. You are just a person getting a service from traders.
If you take signals from somebody else, then you are not a trader.
When I say I automated my trading, I actually researched my programmed ea's myself and they are a destillate of my knowledge about the market.
Many people claim they grow their profit by the autotrading scheme and they dont have any idea about forex markets. I'm preety hooked by this. What is so negative about copying the signals of traders who know their job very well? They profit by getting more money if they are followed by many , and we the followers get our share of gains , it's seems like a win-win situation to me.
manual trading with indicators I say. EA and Jiggz don't mix, its like oil and water. and its a lot safer i guess, and when losing in a trade its easier to blame one's self than a program.
For spot Forex I use a SEMI-AUTOMATED trading system. That is, I have an EA that works well only under certain market conditions, so I simply turn it on or off based on those favorable conditions.
For years I could never figure out why every EA I came across was pure crap, but the answer is to regulate the right one.
I agree with Domingo , greed will destroy you everywhere , it doesnt matter whether you trade by yourself or following other trades . You have to be carefull in general not specifically in zulutrade , zulutrade is a nice tool , if you know how to use it you will get rewarded.
I agree with Domingo , greed will destroy you everywhere , it doesnt matter whether you trade by yourself or following other trades . You have to be carefull in general not specifically in zulutrade , zulutrade is a nice tool , if you know how to use it you will get rewarded.
Ignored
If greed results in overtrading, then yes it's bad. But there are instances when greed is good: like holding on to a winning trade.
No to EA, personally think the whole EA thingy is just a scam, my 2 cents on that.
Auto trading, it can work provided you are following the right trader but with a risk factor of no more than 2%, you should be okay auto trading.
Manual trading is the only way you will ever learn about this market and how to analyze trends in order to place trades. While the other formats may provide you with a way to make some money[for you in case of auto trading and for the developer/company in case of EA] the fact remains that you need to trade manually if you plan to be in Fx for a long time.
and its a lot safer i guess, and when losing in a trade its easier to blame one's self than a program.
