Automated trading became a reality recently. With faster computers, manual Forex trading started to lose its significance.
Statistics don’t lie. Nowadays, over eighty percent of orders belong to automated trading.
Moreover, the percentage is on the rise. Does this mean that the manual Forex trading will disappear? Or, that the human’s touch in the financial markets will no longer exist?
Unlikely! Because humans program the trading bots, the human touch will still exist.
All traders use automated trading. Even those that aren’t aware of it do so.
For example, have you ever placed a pending order? If it got filled, that is automated trading.
Or, have you set a take profit or a stop loss order? The same answer applies here too. What’s the human input then?