Automated Currency Trading Does Automation Encourage Passivity and Complacency?

[Shirawilliam]

Before the introduction of automation,Forex Millenniumthe corridors and the great hall of the trading markets were filled and overflowing with people. All those wanting to enter the world of trading had to enter these hollowed halls and brush elbows with veteran traders. Today, any one wanting to engage in trading can do so in the confines of their homes. There is no more physical exertion, there is only passivity. The rush of adrenalin to engage in trading and to obtain tips from the veteran traders, are now a mere memory of a more robust and chaotic trading scene.

This passivity would be taken to the next level by the introduction of highly developed software. Technological advancement cannot be stopped. Artificial Intelligence will continue to learn and adapt. The role of robots will grow and eventually more passivity will be felt and seen in the forex market. This assumption is based on what has been happening for several years in the currency trading scene.

The fact that the installation of these software are as easy as the plug and play and after that one can start trading, again contributes to this passivity. The robot software will now take over the entire process which again encourages traders and brokers to inaction and thus passivity.

This passivity has grown to encompass complacency. After programming the robot to do all the tasks including the actual trading, the trader can leave the software to do its work. The trader would just have to wait for his money to constantly increase in gains. Leaving the reigns to the robot and just waiting is complacency.

Skeptics of automation declare that this passivity and complacency are the negative results of automation. True, some traders would fall in the pit of passivity and complacency. This should not be encouraged because this goes against the very purpose of trading. Complacency and passivity have no room in our desire to increase our money five even ten fold. A hundred fold even!

The key is to aim high and work at that. Aim for returns higher than what complacent fools are getting. Do your part. Although the robot will work within the parameters you set and will execute your order, bear in mind that failure on your part will be detrimental to the end result. Therefore you need to gain knowledge to be able to program your robot better, setting correct parameters and giving the right orders. Partake of tutorial software, seminars and conferences to gain the knowledge you need. This will be your leverage against the rest and this will ensure bigger gains.

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