• Most new traders learn how to trade chart patterns or news events manually.
• New traders are told that with the right trading template, if they follow the steps, apply the correct emotion and trade the strategy long enough, they can slay the giants.
• Those are way too many "ifs" for a trader to handle in our opinion.
• Next, we discuss 5 key reasons why automated trading is much easier.

Lifestyle

If you have a day job, forget about watching the charts waiting for your trade signal. Even if you have enough energy after work to watch the charts, you will not be as focused as someone who is trading full time. Staring at charts 24/5 is not sustainable and it's unhealthy for the body. With forex trading software watching over the charts for you 24/5 without missing a trade, you can better allocate time to your family and friends, and spend the extra time seeking expert advisors to add to your portfolio.

Strategies

Forex robots allow for money management and trade management which a human mind cannot handle as efficiently. Many other strategies which require fast recognition of trade signals and trade execution can be done much more efficiently and accurately by robots. Some strategies are just impossible for a human mind to execute.

Diversification

Trade multiple strategies concurrently with expert advisors. That way you can minimize a risk of one strategy failing, which can happen with manual trading. Markets are either ranging or trending. In a ranging market, trend following strategies fail terribly and the converse is true. If you have a portfolio of robots, you can include trend following, mean reversion, retracement plays, in addition to advanced trade management systems. This way your portfolio can weather against a single strategy failing, because markets are ever changing.

Time

Robots save us time from calculations and watching the screen. With trading platforms such as MetaTrader, you can backtest and forward test expert advisors, without you even having to look at your computer. The automated nature of expert advisors allow us to quickly access the effectiveness of a trading system, and quickly place them on forward tests. And since you can run multiple strategies on forward test, and have the results and graph generated for you, it saves you much time.

Emotions

Emotions causes us to take profit too early, and hold on to losses for too long. Forex trading robots do not eliminate the element of emotion, but reduce exposure to emotion. Even when we trade robots, we can prematurely take profit or shut down our computers when facing a loss. However, unlike manual trading, we watch the screen less when placing our robots for trading, and therefore have lesser opportunities to have our emotions interfere with the trading. Other bad habits such as over trading or fear of placing trades are eliminated with the help of forex robots. Since it is a computer software running based on logic and instruction, it will keep your emotions out of trade execution and money management.

The benefits of automated robot trading are clearly discussed above. In conclusion, we want to end with a question: If your manual trading style and system works, why not get a programmer to make your life easier by writing a software to trade it for you?