Why should you use an automated forex trading system if you are already doing well with your manual trading using your own market analysis and decision-making? That is probably the question you are asking yourself while contemplating whether to use an automatic forex trading system in your forex trading or not. What are the advantages of an automated forex trading system that your very own human judgment and analysis cannot provide to your trading strategy?

An Automated Forex Trading System Never Sleeps

For one, the forex market never sleeps. When trading starts on Monday morning (which is actually Sunday afternoon for some other countries in the later timezones), there is no opening bell, unlike in the stock market. And one would certainly never hear the closing bell since the forex markets from the different regions throughout the world opens and closes continuously in a smooth flow in such a way that trading never stops until the final market, which is the US market, closes on Friday afternoon. The forex market practically never sleeps once it wakes up on Monday morning until Friday afternoon.

But you, as a forex trader, do sleep, right?

No matter how much you are gaining (or losing), you simply cannot keep up with a market that never closes. Monitoring the forex market continuously 24 hours a day, 5 days a week is simply humanly impossible if you do it all by yourself.

And this is where an automated forex trading system may come in handy. A forex automatic trading system can keep up with a forex market which never sleeps.

Just when you are already in bed, wandering in dreamland, another market in another part of the world opens up and forex trading continues for the currency traders in that region. Now, instead of missing up on the opportunities presented when the forex market during that time frame goes into action because you are sleeping, you can have an automated forex trading system guarding the markets for you and performing the trading for your currency trading account. You simply do not miss a single trading opportunity which may present itself while you are sleeping.

Aside from this, an automated trading is also very useful for people who have their dayjobs and just invest in the forex market as a source of passive income. People who go to their normal 9-to-5 jobs simply have no time to analyze the markets and monitor the action that the forex market presents. Automatic trading can be the best solution for these people who want to take advantage of the extreme profit potential that forex trading brings, without the extra work of monitoring the forex market themselves.

A Forex Automatic Trading System Has No Emotions

Then there is the factor of objectivity. An automated forex trading system is fully automated. It is purely mechanical. It works by a set of pre-defined rules that are built into the system’s program. Once a set of criteria is satisfied, the forex system automatically triggers a pre-defined set of instructions, whether opening or closing of certain positions. It can also take care of the proper capital management approach and the corresponding risk management system depending on your equity size and appetite for risk. It becomes purely automatic. The rules are set. The system simply follows them. No room for subjectivity and emotions.

And it sometimes proves to be a very important characteristic that some forex traders are actually looking for to improve on their forex trading. Anyone who has traded forex live manually knows how emotions can sometimes hinder objective analysis of the markets. Sometimes a forex trader may be caught up in the action in the forex market that the volatility can sometimes make your heart beat a little faster, putting added stress to your capability to make sound and objective judgments. And as we know, in situations where emotions overrule objective thinking, the results can sometimes be less desirable. Making judgments based on emotions lack the scientific criteria which most often is necessary, especially when a forex trader is still trying to develop the strategy that would fit his trading style.

Unlike in an automated forex trading system where all the decisions are based on a pre-determined set of criteria, emotions cannot hinder objective judgment when everything is done in automatic mode. An automated forex trading system ensures that only situations that fit a certain set of criteria shall trigger certain market orders. No more, no less. Decisions are based on objective technical analysis. An automated forex trading system measures the market movements based on technical tools and makes judgments based on these calculations. No room for emotions. No room for subjective perceptions.

So, if you are one of those forex traders who often mess up their forex trading because you are often caught up in the action which the forex market brings, and eventually make some bad trading decisions based on your emotions at those particular moments, then an automated forex trading system may the solution for you. These automated forex trading system can certainly help you improve the way you trade, and hopefully, the way your bottomline sums up.