Forex trading experts are basically the guiding light in the forex market which can mark your way on unknown and uneven terrain. There are two types of trading experts prevalent in the forex market. First is the human expert advisor and other is automatic trading robots which are programmed to analyse the forex market. There is lot of debate about which out of the two trading expert is better. Investors have their own views regarding the experts. Some feel that expert advisors are better because of the human touch they add while some others are in favour of the trading robots as there are less chances of robot making mistakes.
Let’s compare the two trading experts in order to reach a viable conclusion!
First and the foremost fact is both the trading experts are there to trade in the market on your behalf. Both of them readily take care of the analysis part of trading. Both of them observe the current market price and then based on various algorithms and technical indicators they finalise the entry point in any high probability trading. In short both of them are saving you from the tedious job of analysing the market, studying the trends and finding a pattern to discover the entry point in the trade. That work will be done well by the trading experts.
Instead of having similarity in the work patterns there is a huge difference between the two trading experts. On one hand Forex expert advisors do not trade for you and just give you the trading signals based on their analysis. On the other hand automatic forex trading robot can not only analyse the market but can do actual trading on your behalf. In first case you have final say in the trade entry and you can decide whether you have to move forward with it or not. In the other case robot is programmed to do trading and can do so even in your absence if it finds a profitable opportunity. Your active permission is not required for entry or exit in any high probability trade.
It can be quite appealing to all those who do not have lot of time to get involved in the trading activity as someone else is taking care of the trade. But it also means you have less control over your investments and active participation leads to active learning about the market.
Let’s compare the two trading experts in order to reach a viable conclusion!
First and the foremost fact is both the trading experts are there to trade in the market on your behalf. Both of them readily take care of the analysis part of trading. Both of them observe the current market price and then based on various algorithms and technical indicators they finalise the entry point in any high probability trading. In short both of them are saving you from the tedious job of analysing the market, studying the trends and finding a pattern to discover the entry point in the trade. That work will be done well by the trading experts.
Instead of having similarity in the work patterns there is a huge difference between the two trading experts. On one hand Forex expert advisors do not trade for you and just give you the trading signals based on their analysis. On the other hand automatic forex trading robot can not only analyse the market but can do actual trading on your behalf. In first case you have final say in the trade entry and you can decide whether you have to move forward with it or not. In the other case robot is programmed to do trading and can do so even in your absence if it finds a profitable opportunity. Your active permission is not required for entry or exit in any high probability trade.
It can be quite appealing to all those who do not have lot of time to get involved in the trading activity as someone else is taking care of the trade. But it also means you have less control over your investments and active participation leads to active learning about the market.
