How to Trade: Manual Trading Vs Auto Trading

Some time ago, I made the poll asking the audience from the social media the following question: "What type of trading do you prefer?"
The options were:
- Manual Trading
- Auto Trading
- Both Types
To make everything clear, let me describe each type:

Manual Trading - it is any trading when you open, manage, and close trades by yourself. You can trade using signals from your trading strategies, or you can use trading signals from other traders. What is very important for such type of trading? You need time, knowledge, and experience to do this job properly.

Auto Trading - it is trading where you use trading robots or any copy trading services. You also get signals, but they come from other sources. The main difference from manual trading is - you don’t need to open, manage, and close trades by yourself. Everything works automatically.

The vote results surprised me, and I decided to comment them and recommend the right type of trading based for different conditions.

I will share with you the results of that poll in the updates, but before it, I offer you to take part in voting too. Please, pick the best option for you from the list. Write about your selection, why you prefer Manual, Auto or both types of trading.

So, let's start!
We have to think about the right choice of trading type from different points of view. We have to take into consideration your status, knowledge, and experience level, and what do you want to get from trading.

STATUS
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. As a result, solid capital will be good for such type of trading, and it will allow staying in the borders of the proper risk and money management. If it is your case, manual trading can be a good choice for you!

But what if you don't have solid capital? If so, you should trade on lower timeframes to get small risk per trade. You should use hourly and minutes charts for searching trading opportunities, opening, managing, and closing trades. But, you have a full-time job and... you have a conflict between your wishes and your opportunities. If you don't have time for trading based on lower timeframes, you should not even try. It will lead you to skipped trades and unpredictable results. But what to do in such case?
Automative 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.

KNOWLEDGE
Let's look at trading from another point of view. You have knowledge about how to trade properly in the financial markets. If so, you also can try to use manual trading for making profit. Of course, if your status and financial situation allow you to do it. If you have the knowledge, but you don't have time or solid capital - in such way also welcome to auto trading.

If we talk about you, like a novice trader without knowledge at all, you should forget about manual trading at least in the beginning. If you start trading, even if your status and financial situation allow you to do manual trading, without knowledge, you will have amazing chances to lose all your money. Trading without knowledge leads to zero on your trading account. It is just the question of time. If you want to protect your money, auto trading must be your choice. Here we also talk about different types of auto trading like trading robots and copy trading services.

EXPERIENCE
This point of view is close to the previous one. Knowledge and experience are the key elements of any profitable trading. If you want to be successful in the financial markets, you must have knowledge, experience, time, and enough money for manual trading. If you don't have at least one of these elements, it will be better to focus on auto trading.

YOUR GOALS IN TRADING
And here, let's look at the possible trading type based on your goals. If you want to become a PRO trader and develop yourself in this field, of course, you need to focus on manual trading. This type of trading will provide you good experience and understanding what is real trading. You can trade manually but not from the beginning. For starting, auto trading will be better. It will allow you to avoid stupid mistakes, protect money, and get experience. But when you get the basic knowledge and add experience from auto trading - you can switch to manual 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. At the same time, picking the wrong option will lead you to blow up your money.

And one more thing I would like to add. Manual and auto trading have their advantages and disadvantages. They are not perfect, but they are both workable if you know how to use these types of trading properly. Manual trading can be more interesting because it allows following market conditions closer, of course, if you know how to do it. But auto trading allows you to cover many markets and timeframes at the same time. It means we have better diversification and lower risks. Auto trading allows you to trade in a FREE emotional way. It is a very solid argument for auto trading, because emotions, especially for novice traders, are the reasons for making mistakes. Mistakes in trading lead to blowing up capital.

Also, I would like to advise you to use both types of trading. This option allows you to optimize your trading based on your opportunities and goals. Just combine in your trading portfolio manual trading based on signals from your trading strategies, with trading robots and signal providers. You will have an amazing opportunity to diversify your trading and reach much more stable results in the long run. At the same time, you will have opportunities to grow as a trader getting knowledge and experience from real trading. This combination is powerful and with many advantages!

I hope this post gave you some ideas about what to do and how to trade. If you have questions, please, leave them in comments. Let's discuss! I will be grateful if you support this post by your likes!