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Thread: Disadvantages of automated trading system
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    Thumbs down Disadvantages of automated trading system

    As a decentralized and relatively unregulated market, it is extremely attractive to a number of Forex scams. Forex autotrading, as it brings Forex trading to the masses makes even more people susceptible to frauds. Bodies such as the National Futures Association and the U.S. Securities and Exchange Commission have issued warnings and rules to avoid fraudulent Forex trading behavior.

    Please I want to know more about it's disadvantages.

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    jessica19 (01-12-2018)

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    difficult to find an expert who has always proven profitable in all market conditions.other than that it will make us dependent on an expert so we are lazy to learn forex manually what we should do

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    Actually, auto trading system is not always a scam method. Some good forex robot is available out there all you have to do is just try to find a good one by test it and find good setting to make the EA profitable and less risk


    Quote Originally Posted by forex.thor View Post
    As a decentralized and relatively unregulated market, it is extremely attractive to a number of Forex scams. Forex autotrading, as it brings Forex trading to the masses makes even more people susceptible to frauds. Bodies such as the National Futures Association and the U.S. Securities and Exchange Commission have issued warnings and rules to avoid fraudulent Forex trading behavior.

    Please I want to know more about it's disadvantages.
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    Now a days EAs are being wisely in used by the trader in the forex. After given certain instruction and commands, it works in its own and make the decision its self. In the decision made by EA, there is lack of emotion as in human decisions while the decision made by the trader himself involves the emotion, which can be disadvantage for the trader especially for the new traders. So they prefer to use EAs. However I don't think its good to use the EAs because, its just the programs made by humans. So its not 100% true either. So, we should make the decision ourself whatever the result will be, so that we can get experienced and knowledge about the forex that can be helpful to us in the future.

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    We do not work at all as we are very lazy. We totally depend on ready made job. When we are going to trade we depend of automated trading which is very important and key to success of making money. But we will have so facilities and become very lazy and don't want to work at all.

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    There are some disadvantage are available like

    1. Some coding it running on that

    2. Some times they make error from auto indicator

    3. Wrong Programming

    4. Market is going 50 pips different from market but auto trader not working

    etc here is some disadvantage auto trading system.

    ---------- Post added at 11:42 AM ---------- Previous post was at 11:36 AM ----------

    There are some disadvantage are available like

    1. Some coding it running on that

    2. Some times they make error from auto indicator

    3. Wrong Programming

    4. Market is going 50 pips different from market but auto trader not working

    etc here is some disadvantage auto trading system.

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    trading habits among young people is not too much. The average person doing the trading are those who are elderly or have had previous work experience. ea they created is the average used to benefit themselves. so ea sophisticated hidden for his own use and that is not too good, they share freely.

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    EA is wise trader of foreign exchange to be used. After the specific instructions and commands given, it will stand on its own, make its decision-making self. As decision-making human decisions made by its own traders, the decision accompanied by feelings that can be disadvantageous for traders new traders in particular, has been made by EA, there is a lack of emotion. They prefer to use the EA there. However, because the human, that just made ​​the program, using the EA, I do not think that is good. Either because it is not, its 100% true. Therefore, we must make decisions on our own whatever so that it is possible to obtain the experience and knowledge about foreign exchange can help us in the future, the result will be.

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    around individuals conclusions as you move final decision expressed by a individual him self calls for a passion, that may be weakness for any individual designed for the fresh potential traders. To make sure they opt to apply EAs. Having said that I actually don't believe it has the fine to implement a EAs for the reason that, it has the just simply a products expressed by humankind. Hence it has the never 100% real frequently. Hence, provide decide our self regardless of final result might be, so we will have expert plus is vital a foreign currency that is he- online capital is definitely fine choic.

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    it will make us dependent on an expert so we are lazy to learn forex manually what we should do

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