Automated forex system trading differs from other forms in that the forex markets operate 24 hours a day. Now naturally, few of us have the time or energy to physically trade around the clock. This is where an automated system comes into the picture. A computerized trading system will give you the ability to trade and earn profits even while you sleep.
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Forex System Trading Vs. Manual Day Trading
How does system trading differ from regular day trading? Well, when you think about day traders, most likely you picture a trader, sitting for hours at a time, staring at charts that indicate movement in the stock market, seeking out profitable moves.
Indeed, a manual approach to trading involves sitting at a computer screen searching for signals and making constant decisions on whether to by or sell.
This form of day trading, while exciting for some, is also very time consuming and emotionally draining. Not everyone has the time or energy, or even the desire, to sit in front of a computer all day long.
Systemized forex trading, in contrast, uses an automated system. In this type of trading, the trader instructs the software on what signals to look for and how to act on them. Once these instructions have been programmed in, the system does all the work.
One of the greatest advantages of system trading is that having an automated system eliminates the psychological and emotional aspects of trading that invariably lead to poor judgment, which can result in money-losing trades, and in some cases, loss of a trader's entire trading capital!
Another advantage of system-based forex is that since the system works for you based on instructions you have entered into the system one time, you can have your system earning for you around the clock, even while you work and while you sleep. Therefore, forex system trading is ideal for people with jobs looking to earn money trading part-time.