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Automated trading, also known as algorithmic trading, refers to the use of computer programs to automatically open and close trading positions based on pre-defined rules or conditions. In contrast, manual trading requires traders to make decisions about when to buy or sell assets based on their own market assessment. Both approaches have their upsides and downsides.
The Drawbacks of Manual Trading
Manual trading requires a significant amount of time and effort, as traders need to monitor the markets, analyze data, and make decisions based on their analysis. Aside from being time consuming, manual trading is susceptible to human vulnerabilities. Manual traders are susceptible to making emotional decisions, which can lead to errors and inconsistent results. In addition, they may not be able to react as quickly to market events as automated trading systems can. Moreover, manual traders may have inconsistent results due to their reliance on intuition, which can vary from
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