Manual trading

The art of manual shopping

This is exactly what it sounds like: You make your own trades in the currency market instead of letting a robot do the work. Just as most people decide for themselves when to buy or sell a stock, you can run Forex trading entirely manually as well. Many people who are active in the Forex market use both automated and manual trading in parallel as these methods complement each other very well.

Manual trading is an art that can be incredibly profitable for a skilled trader, but it also takes a long time to get really good at it. Lifelong learning, you could say. BUT you can significantly shorten the time it takes to become profitable by taking advantage of various forms of online training, or attending live meetings and webinars focused on trading.

The most basic aspect of manual trading involves simply understanding a bit about how the market itself works and how to open and close trading positions. This is fairly simple and straightforward and is done via a trading platform.

The next step is to start learning about trading itself, i.e. how to make decisions to enter or exit the market. There are an infinite number of strategies, methods and tools you can use, and over time you need to try different variations and eventually find one or more strategies that work for you.

BUT to get ahead quickly here, without having to study for years before seeing any results, you can, for example, use so-called signal services, where other skilled traders share their analyses and suggestions / ideas about positions that look promising.