01 Oct Manual , Automatic and Copy Trading – All you need to know
“What type of trading do you prefer?”
The options were:
- Manual Trading
- Auto Trading
- Both Types
If you have a full-time job, probably you won’t be able to spend much time on trading. What should you do in such a situation? You can use high timeframes like 6H, the daily, and the weekly for searching trading opportunities, opening, managing, and closing trades. When you have a full-time job, you can trade based on your trading ideas or use trading recommendations from other traders and experts.
For such type of trading, you need to have enough money, because high timeframes need wide stop-loss sizes.
Automated trading is the best choice. You can use trading robots or copy signals from signal providers. All trades will be opened, managed, and closed automatically on your account. So, using this service like auto trading will allow you to trade in the right timeframes without skipping signals. But what is more important, it will allow you to follow the proper risk management.
Let’s look at trading from another point of view.
YOUR GOALS IN TRADING
If your goal is to get an additional income only, auto trading is the simple and proper way.
You don’t need to spend time on trading, but you can get profit from trading.
Sounds great! Don’t you think so?
You can use trading robots as a possible option, but copy trading should become your best choice.
For using robots, you need at least minimum knowledge of how to set up trading robots, how to install robots and settings.
Copy trading will need from your side several clicks on buttons and nothing more.
Copy trading is the simplest solution for trading in the financial markets for everyone.
In this post, I tried to explain to you what type of trading will be more suitable for you.
As you can see, you need to take into consideration at least several important things. The right choice will help you to make a stable profit and feel comfortable.