As computers increase in power and capabilities, and the markets are becoming more and more volatile, the need for automated and mechanical trading has never been higher. In this article, we will describe 5 reasons to automate your trading and maximize your profit potential.

Reason 1: Psychological Aspect
Professional traders know that trading is 80% psychological and only 20% analytical. It is of great importance to remain confident during periods of losses, and to remain calm when price reaches your stop loss. Many psychological phenomenons which are standard and ordinary are counter-productive in trading. Some might say that our brains are built in a way that makes it hard for us to trade consistently.
Automated trading eliminates the psychological aspect as it trades without human intervention. Once the trading plan is set, trades are executed in a completely mechanical manner. Trader can focus on analyzing rather than on sharpening his or her mindset – and thus achieves greater results. When trading is completely automatic there is much less margin for psychological errors such as closing trades early or not riding profits.

Reason 2: Saves Time
Trading is a time consuming endeavor. Waiting for price to reach a support or resistance level can take long, and meanwhile the trader must focus on the chart. Automated trading saves you time by trading for you. By executing your trading plan automatically the trader does not waste any more time waiting for his scenarios to occur – instead, automated trading program waits and takes action.

Reason 3: No Manual Calculations
Traders constantly needs to calculate their trading variables: Risk:Reward, Percent to Risk per trade, trade size based on the stop loss size, and many more. Automated trading does that automatically, ensuring maximal precision, prevents errors and saves time and effort. Instead of manual calculations, risk:reward is automatically calculated for each trade, and the trade size is also changed in relation to the percent to risk from equity.

Reason 4: Maximize Your Profits!
Automated trading can help you maximize and multiply your profits tenfold. By trading on practically unlimited number of currencies and commodities at the same time, automated trading solutions allow the trader to skyrocket his performance into inhuman profits. The ordinary human being can trade 1-4 pairs simultaneously – however, automated trading programs can trade and monitor 20, even 30 pairs simultaneously without any decrease in profits. This allows the trader to reach new highs in his performance and results, and have an edge over other traders.

The forex marketplace hours start on Monday morning in the sphere of Sydney, Australia and conclusion on Friday afternoon in the sphere of new to the job York. In with the aim of instant frame Forex trading is taking place somewhere on the planet around the chronometer. For the reason that forex trading is not ready on the weekends it can just survive called a twentyfour-five surgery.

If you feel with the aim of you give to know the exact time of surgery you yearn for give to explanation on behalf of the varies instant zones. This is not tough to accomplish if you function UTC. UTC stands on behalf of Universal Coordinated instant, which was called Greenwich Mean instant. This is the nil longitude on the pot, and is located in the sphere of Greenwich, London and is based on standard (winter) instant near.

This income, the forex marketplace opens by the side of 22.00 on Sunday UTC and closes by the side of 22.00 Friday UTC. With the aim of makes it 10 pm in the sphere of the UK in winter instant. With new to the job York being 5 hours earlier followed by the UK forex marketplace yearn for direct and close by the side of 5 pm on Sunday and Friday in the sphere of new to the job York, this followed by makes it 2 pm on the US west coast, in the sphere of Germany 11 pm, and in the sphere of Sydney it is 8 am Monday plow Saturday.

If you advance is not pounding yet followed by lets look by the side of summer instant daylight saving time. This creates a single hour difference in the sphere of a little countries with the aim of accomplish observe it. Keep in the sphere of mind with the aim of daylight saving time are dissimilar in the sphere of countries in the sphere of the southern hemisphere

Like Australia with their summer instant running from September to stride while the northere run from stride to September.

At this point is a quick recap of the dissimilar main forex markets in the sphere of UTC:

London: 8 am to 5 pm UTC

New to the job York: 1 pm to 10 pm UTC

Sydney: 10 pm to 7 am UTC

Tokyo: 12 midnight to 9 am UTC

In the sphere of Eastern Standard instant (US):

London: 3 am to 12 noon EST

New to the job York: 8 am to 5 pm ES

Sydney: 5 pm to 2 am EST

Tokyo: 7 pm to 4 am EST

If you look by the side of the beyond time You yearn for notice with the aim of this gives 24 hour coverage.At present definitely for the reason that the forex marketplace is direct does not in the sphere of in the least way mean with the aim of in the least instant is worthy on behalf of trading. In the least instant single of the main markets opens,the prices can survive very unpredictable and hot-tempered. A batch of traders yearn for not enter the forex marketplace on behalf of to the same degree prolonged to the same degree an hour up to four time in the generation whilst a new to the job main city is definitely opening.

Near is rebuff question with the aim of US cash is the nearly everyone lively being traded, it is in the sphere of two and a partly time the trades to the same degree the euro which comes in the sphere of by the side of the amount two situation. This translates into the piece of evidence with the aim of measures with the aim of take place in the sphere of the USA give a much greater

Bearing on the economic markets than in the least measures with the aim of take place in the sphere of other countries.

The new to the job York forex marketplace yearn for attend to to taper inedible around 3 pm new to the job York instant (8 pm UTC) and if you are trading a US cash brace, You might absence to consider end your trading on behalf of the generation.If we look by the side of the instant frame of the forex trading hours, you may well theoretically trade on behalf of 24 hours a generation on behalf of 5 days.

The function of automated software referred to to the same degree forex robots concoct this a realty. Nearly everyone experience trader with or else with no a robot yearn for wish their time to survive in the sphere of the marketplace and are not lively in all of the forex trading hours.

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The forex market hours start on Monday morning in Sydney, Australia and end on Friday afternoon in New York. During that time frame Forex trading is taking place somewhere on the planet around the clock. Because forex trading is not done on the weekends it can only be called a twentyfour-five operation.

If you feel that you have to know the exact times of operation you will have to account for the varies time zones. This is not hard to do if you use UTC. UTC stands for Universal Coordinated Time, which was called Greenwich Mean Time. This is the zero longitude on the plant, and is located in Greenwich, London and is based on standard (winter) time there.

 This means, the forex market opens at 22.00 on Sunday UTC and closes at 22.00 Friday UTC. That makes it 10 pm in the UK during winter time. With New York being 5 hours earlier then the UK forex market will open and close at 5 pm on Sunday and Friday in New York, this then makes it 2 pm on the US west coast, in Germany 11 pm, and in Sydney it is 8 am Monday till Saturday.

If you head is not pounding yet then lets look at summer time daylight saving times. This creates a one hour difference in some countries that do observe it. Keep in mind that daylight saving times are different in countries in the southern hemisphere
like Australia with their summer time running from September to March while the northere run from March to September.

Here is a quick recap of the different major forex markets in UTC:

London: 8 am to 5 pm UTC
New York: 1 pm to 10 pm UTC
Sydney: 10 pm to 7 am UTC
Tokyo: 12 midnight to 9 am UTC

In Eastern Standard Time (US):

London: 3 am to 12 noon EST
New York: 8 am to 5 pm ES
Sydney: 5 pm to 2 am EST
Tokyo: 7 pm to 4 am EST

If you look at the above times You will notice that this gives 24 hour coverage.Now just because the forex market is open does not in any way mean that any time is good for trading. Any time one of the major markets opens,the prices may be very unpredictable and volatile. A lot of traders will not enter the forex market for as long as an hour up to four times during the day when a new major city is just opening.

There is no question that US dollar is the most active being traded, it is in two and a half times the trades as the euro which comes in at the number two spot. This translates into the fact that events that take place in the USA have a much greater
impact on the financial markets than any events that take place in other countries.

The New York forex market will tend to taper off around 3 pm New York time (8 pm UTC) and if you are trading a US dollar pair, You might want to consider ending your trading for the day.If we look at the time frame of the forex trading hours, you could theoretically trade for 24 hours a day for 5 days.

The use of automated software referred to as forex robots make this a realty. Most experience trader with or without a robot will choose their times to be in the market and are not active during all of the forex trading hours.

Here’s what you need to pull in good profits with any currency trading robot. Granted there are a ton of systems out there online and the truth is a lot of them work very well. Here’s a list of a few things that’s needed in order to tap into the forex market and really pull in serious profits like the pros.

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First, we need to understand where most traders go wrong, and the truth is most traders fail because of lack of self discipline and their ability to follow and plan and stick with it. Secondly, our emotions can sometimes get in the way of our trading making us do things the system wouldn’t normally call for. With that being said, we must make a promise to ourselves that we’re going to follow our system and have confidence in our trading signals or automated trading system. After all you wouldn’t be using it if you didn’t believe in it right? So why not follow the rules it has laid out for you.

Secondly, apply proper money management. Don’t try to hit a home run on every trade. Slow and steady wins the race in the forex market. Using a sound money management system such as a 5:1 win to loss ratio, meaning you only need to be right 1 out of 5 times to yield a profit is outstanding, a lot of automated trading systems already have the money management piece built into their system.

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Lastly, never over trade or break the rules. Automated systems work, that’s the truth, but you need to be willing to follow the rules even if your trade goes against you at first. Stick to your plan and trade it, that’s the bottom line. There have been many of forex traders who now trade full-time and some even got there on automated robots, in fact a lot of them did. What separates the winners from the losers in this market is using a solid system and sticking to an automated system that’s been proven to work without trading outside of it.

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