Thread: What is the best way to trade 4X?

What is the best way to trade Forex online? Manually or By using Forex Robot?

Trading forex is an art. I think you’d better to trade manually to practice our trading skill and learn how to trade better. But in some Compelling environment, you can use robot and EA to help you. You should find a good broker which provides good forex training course and allow EA trading. I recommend my broker – PROFIFOREX. Here it can meet all your demands.

In Forex Trading You must follow certain trading system, if you really want to become successful in the field of forex trading. However, it will require you to take consistent tests of the trading systems to find the best one, but definitely the most consistent one can bring you sure profits. You can either develop or purchase a consistent trading system.

Hi bestforexpartners,

I agree with you, certain trading system can bring longtime sure profits. But for forex beginners, I don’t advise them to purchase some trading system, because almost they have little knowledge about forex trading, if they purchased a trading system, they will rely on them and don’t want to learn more. Beside this, most trading systems for sold are not reliable, if forex beginners use them, may lead to huge loss. So if you are still a forex beginner, please visit some good forex site: like Dailyfx, PROFIFOREX to learn more knowledge about forex trading and practice trading skill on demo account or micro account. I think this way is better than just purchasing a “consistent” trading system. Do you agree?

Hi Lexcuer,

Yes, I agree with you, its more important for the Forex beginners to ensure your trading. If you trade yourself, you will surely get guaranteed results. However, it may take a bit of time. But this strategy is quite favorable if you consistently follow it.

Hi bestforexpartners,

Yes, trading strategy is helpful, but the help is limited. In my opinion, there are no 100% right trading strategies. I think trading forex starting with a small amount taking a little bit long time is better than using trading strategy for sold. I don’t approve that traders just buy the trading strategies then use them.

Lexcuer.

Both have its own advantages

Manual Trading has much more control especially during Fundamental News affecting the market.
Auto Trading is good in the sense that you are not required to monitor the market all the time and also emotional factors are by-passed.

But overall the results have shown manuals trading yields better results than auto-trading

Hi Managedfx,

I agree with you that manual trading shows better results than auto trading. Honestly, the auto trading is not good for trader’s growing, especially for new traders. Maybe these methods can solve the like emotional factors, but don’t forget the key factors. All the automated trading systems are dead, cannot adjust according the different situations by themselves.

I advise all the traders don’t be lazy on forex learning. You can find the useful forex materials on the sites I mentioned above: like Dailyfx, Profiforex.com or babypips.

Good luck!

Manual everytime .Stay away from robots !
Pick a trading system that uses price action .
Stay away from indicators as they will always get you into a trade when price has already moved . Your risk will therefore be more and your possible return per trade less.
Only use indicators when you fully understand how and when to use them.
If you end up with a chart with say for example 2 MA's on it a stochastic and an RSI , trust me you ARE going to lose money even though when you look at the chart and what happened in the past it all looks very profitable , it isnt !

Originally Posted by forexss

Manual everytime .Stay away from robots !
Pick a trading system that uses price action .
Stay away from indicators as they will always get you into a trade when price has already moved . Your risk will therefore be more and your possible return per trade less.
Only use indicators when you fully understand how and when to use them.
If you end up with a chart with say for example 2 MA's on it a stochastic and an RSI , trust me you ARE going to lose money even though when you look at the chart and what happened in the past it all looks very profitable , it isnt !

Yeah, very agree above said, manual everytime, practice more, test more are good for traders’ growing.