The debate about Forex automatic trading versus Forex manual trading has been raging on for many years, and for a long time, the human Forex trader was king. There has been some major shifts in the balance of power in recent years, mainly because of how accessible it is for people to develop Forex expert advisors without the need for expensive development software.
With the acceleration of technology and the rapid growth of the Forex expert advisors industry, Forex robot traders have finally reached the level where they can rival and even better the performance of human Forex traders. By the end of this article, you will see the huge advantages that the best Forex systems have over their human counterparts, and that that translates to bigger trading profits in your Forex trading account.
There are two key characteristics of Forex robot traders that place them head and shoulders above any human Forex trader:
1. The Ability To Process Multiple Trading Indicators Simultaneously
It's a well known fact that our minds can only consciously process seven bits of data at once. That means that any human trader is at a huge disadvantage when it comes to handling even a few trading indicators at once, not to mention that their decision making capacity is hindered by emotions like fear, greed and impatience.
The best Forex systems are completely objective and unemotional in processing dozens of trading indicators simultaneously, and then making a trading decision…
by Thad B