Manual currency trading is the approach of trading currencies where the forex investor takes care of the entire process of analyzing the markets, placing the trading orders, and closing the trading positions of his forex trading account. The forex trader may have the assistance of some forex signal providers who provide their trading signals to their followers. But everything still boils down to the decision-making of the currency investor on how he decides to arrive at the trading decisions for his forex trading account.
With automated forex trading, in contrast, the majority of the process of trading forex is accomplished automatically. In automatic forex trading, a forex robot usually analyzes the currency price charts making use of technical indicators from the trading program. And based mostly on a pre-determined set of rules, the forex robot is triggered whether to put market orders or not. And once market orders are entered in, generally, it is also the trading robot which manages that live forex positions and waits for the proper price to close out the trading positions, hopefully in a profit. It is practically automated forex from beginning to finish. The currency investor has not much to do besides choosing which forex robot fits his trading style and personality.
Comparing the two approaches of currency trading and deciding which one might suit you more to provide you more forex trading profits depends on your trading personality and investment goals. If you are the type of forex trader who do not want to be bothered with studying all the details of trading currencies and creating your own trading technique that would fit your trading personality, then an automatic forex system may be better fit for you. But if you are the sort of investor who needs to monitor and manage every detail of his investment, then manual trading may be the best for you.
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