Let’s talk about the different Forex systems there are. The systems are created by traders to dumb down and/or automate the trading process. By breaking down the trading process to simple terms, traders minimize the risk of emotions to get in the way, and over all make the trading easier.

Trading can be tedious job at times so it’s very natural that many traders seek to automate certain tasks. On top of it all there are the automated Forex robots a.k.a. Expert Advisors which implement trading strategies completely autonomously. Now mind you, EAs are far from perfect and I am really surprised when traders leave them to trade on their own. Those are usually beginner traders who do that. They aren’t even real traders just wanna-bes who want to profit from Forex yet they have no time or are too lazy to learn it properly.

So the systems can be broken down into two main categories – manual and automatic. By automatic I really mean semi-automatic, since no robot can work without human intervention. The manual systems are trading strategies bundles with technical indicators that allow traders to identify trades and their parameters. While automated systems go a little bit further and automatically open trades as identified.