For me trading by one own self or either uses a PAMM account while learning how to trade forex can be a good way to make passive income.
if you think about it, a lot will lose, not just because of these methods, more like due to lack of understanding, and with all the crypto hype going on, I feel like the crypto era just bred more yolo traders which will add to the percentage of traders failing and recent years.
the success of Paam account depends on broker , for that reason i dont like this approach , always prefer manual trading. this is the best solution
yes you have to choose the right broker if you willing to make sure good amount of profit by Paam account .
I also noticed a new hype these days is copy trading but still the risks mounts so take risk to that extent which you can afford to lose.
Manual trading refers to the practice of executing trades in the financial markets based on human decision-making and analysis, without the use of automated systems or algorithms. Traders manually analyze market conditions, identify trading opportunities, and execute trades using trading platforms provided by brokers or financial institutions. Manual trading allows for flexibility, adaptability to changing market conditions, and the use of discretionary judgment, although it requires time, effort, and skill to develop proficiency and achieve consistent results.
Still i think if anyone has a profitable strategy then they can get it coded in to an EA for automating their trading to next level.
well basic trading strategies and chart reading is very helpfull simple s&r and price action can do wonders.
For over three decades, I've navigated the evolving landscape of automated trading systems, witnessing firsthand their advantages and challenges. In the early days, constructing a system capable of managing daily and weekly data was straightforward. Transitioning to daily and hourly updates marked a significant advancement, epitomizing the golden era of automated trading. Fast forward to the present, and the scenario has dramatically changed. Every tick represents a battle in a fiercely competitive arena. Despite the advancements, platforms like TradeStation and MultiCharts struggle to meet the demands of high-frequency trading and scalping strategies. The pace has escalated to such a degree that I have yet to encounter a program capable of efficiently placing orders that enter and exit within a mere two seconds, not to mention narrowing it down to milliseconds. This shortfall highlights a crucial gap in the current capabilities of trading platforms, unable to keep pace with the rapid evolution of the market and the sophisticated strategies it now demands. As we move forward, the question remains: How can technological advancements bridge this gap, ensuring that automated trading systems can compete effectively in the milliseconds battleground of the future?
I get the feeling that you're asking for the same features that HFTs normally use, which are basically the following: Low-latency with co-location Advanced trading platforms that offer machine learning algo/software How much did you say you were paying for commissions, again?? Frankly, I don't think your broker has any financial incentive to provide you those souped-up addons.