Automated Trading Systems
Automated trading is basically a mechanical trading process, designed to allow traders even novice traders just starting out to make more successful buying and selling.
the level of success though still depends on the correct use of an automated system, so success is not a guaranteed outcome.
even when using an automated system people can still find themselves getting carried away with outcomes, many have claimed that having/using an automated system will help with making the correct decision, the fact is however somewhat different.
personality is a key component in anything we do and so, can and does have a very large say in how we act.
the most common thing that tends to happen is, greed, it often does not take long for certain individuals to decide, hey, i am making so much money that i can increase the amount i am trading with, forgetting the fact that automated systems are not perfect an have a 20 - 30% failure rate.
so why the failure rate well, any system developed is based on current or past knowledge, the know how of the person who built the program and of course technical glitches. all said and done auto trading is still the way to go, with all of the worlds major stock exchanges in on the game, you stand little or no chance without it, bearing in mind that these systems also often require linking to a broker and compliance to rules of the platform it is being used on.
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