Time-Consuming
Manual trading requires you to spend a lot of time in front of your computer or mobile device. You need to constantly watch the charts and analyze the market conditions. This can be very tiring and take away a lot of your time.
Complex Analysis
To make decisions, traders often have to analyze different trend lines, use various indicators, and interpret complex market signals. This can be confusing, especially for beginners, and mistakes can happen easily.
Emotional Impact
Manual trading can be emotionally stressful. When the market is volatile or moving aggressively, it’s easy to make impulsive decisions based on fear or greed, which can lead to losses.
Physical Action Required
Manual trading means you have to execute trades yourself by clicking the mouse or tapping the screen to buy or sell. This can slow you down because every action depends on your speed and attention.
Not Suitable for Beginners
For new traders, manual trading can be difficult because it requires quick decision-making and understanding of market movements. Beginners may find it overwhelming.
Contrast with Algorithmic Trading
Algorithmic trading uses expert advisors or trading robots that automatically detect market conditions, including important news, and execute trades without your manual input.
The robot attached to the platform (like the “Happy Forex” robot you mentioned) automatically opens and closes trades based on pre-set rules.
This frees the trader from constantly monitoring the market and reduces emotional trading mistakes.
You don’t have to manually click to buy or sell, which makes trading easier and more efficient.
We put a lot of effort into finding profitable Expert Advisors (EAs). We test thousands of them, and all that hard work pays off once we start making consistent profits with our trading capital.
One big advantage of trading with Expert Advisors is that emotions don’t get involved. The risk levels are set manually in the EAs, for example, around the London market opening—which I personally like to trade. For this, I need to be at my desk at least 30 minutes before the market opens. If I’m late, I simply miss the session, and that can increase the chance of a losing trade.
Trading 24/7 manually isn’t really feasible for me, even though I enjoy it. I just can’t physically do it all the time, but Expert Advisors can.
To be honest and give you a fair comparison: the only reason I trade manually is because I enjoy it. Sometimes I like analyzing Bitcoin or other charts just for fun and entertainment. But when it comes to serious, consistent trading, I rely on Expert Advisors.