Having read about the unlimited trading opportunities and huge profits many people decide to start forex trading. However, when they register an account and get started they immediately face the harsh truth. Manual trading is extremely difficult and nearly impossible. Studies have shown that up to 97% of traders are unprofitable. A study by the U.S securities and exchange commission found that 70% of traders lose money every quarter on average, and traders typically lose 100% of their money within 12 months. Another study done by eToro tells us that 80% of their clients are unprofitable during a 12-month period. Another study of Brazilian future traders found that 97% of day traders are negative over a period of 300 days. With all the challenges that come with manual trading, none is as major as controlling emotions. Emotions draw a decisive line between a good trade and a bad trade. It’s extremely difficult for traders to separate their emotions from trading. Removing emotions from the equation drastically increases the chances of a trader being successful.
But how can we remove emotions from the equation? The answer is algorithmic trading, also known as auto trading.
In recent times auto or algorithmic trading has gained huge popularity and it’s said to be one of the best solutions to remove emotional conflicts that arise when making a trading decision. There are also several other reasons why algorithmic trading is better than manual trading. So what exactly is auto trading and how does it work?
Robots, auto traders and expert advisors are terms that are used interchangeably in the world of trading. In contrast to manual trading where the traders perform trading transactions by themselves, automated trading is performed by special software or a trading robot. The robot is based on an algorithm and opens trades strictly according to predefined parameters. Traders don’t need to monitor the charts 24/7 looking for potentially profitable entry points. A trading robot won’t be overwhelmed by emotions such as greed and fear which often lead to hasty trading decisions and bad trading outcomes. Trading is carried out automatically. The entry and exit points, money management, and everything else are already accounted for and calculated by the system. Auto trading software’s are more reliable and accurate. They are capable of opening and closing orders much faster and much more efficiently than a human ever possibly could and they can do this 24 hours a day. Trading robots never sleep, never get tired and don’t have human emotions.
All a trader needs to do is connect the trading robot to their trading account and set the desired parameters and then it’ll trade independently. The robot will identify chart patterns and look for trends and reversal points or whatever its algorithm tells it to do. It will open, manage, and close trades all on its own. 100% automated no human input required.
There are many reasons why robotic or algorithmic trading is better than manual trading. Trading robots can perform complex calculations at an astronomically faster rate than humans, they do not miss out on trading opportunities as they can scan the market 24/7. They face no emotional conflicts that arise when you’re making trading decisions. A robot can trade at any time in any market. The speed and accuracy of auto trading systems are beyond human. Auto trading robots remove nearly all human emotions from buying and selling an instrument. Far too many traders let their fear, greed, exuberance , joy and paranoia control their trading decisions. With auto trading, once the parameters are set there’s no way that emotions can take over.
Now let’s take a look at our own trading robot FX SCALPER X. FX SCALPER X is one of the top forex trading algorithms on the market. Its verified record is available on MyFxBook. From January 2021 to March 2022 FX SCALPER X has generated over 300% returns. This is an exceptionally high return and it is unheard of in the case of manual trading.
In this time period FX scalper x placed 11687 trades out of which 9074 trades were closed in profit. It represents a 78% success rate. Winning such a huge number of trades in manual trading is nearly impossible. It’s also extremely difficult to keep such a high success rate with so many trades being placed.
In 2021 bitcoin gained 59.8% and the S&P 500 gained 26.9%. In forex, the US dollar index rose by just 6.4% while gold lost 3.6%. However, FX scalper x managed to outperform all these assets, generating returns well above 300%.
It’s now widely accepted in the trading community that robots perform more efficiently than humans. They scan for trade opportunities across multiple instruments at the same time. The speed and accuracy of trading robots are beyond humans. They don’t miss out on trading opportunities and they remove emotional conflicts from trading.
If you’re tired of blowing accounts and struggling with forex and you’re ready to join the small percentage of traders that actually make money in the forex market then get a copy of your FX SCALPER X robots today.