Live trading in real market conditions can often cause much stress, especially to novice traders. Asset prices change by the millisecond and the market often moves in a manner that is hard to predict.
Some level of stress when trading is justifiable and expected, especially if it leads to more calculated decisions and more effective risk management. Too much stress, however, may trigger spontaneous decisions that could damage your strategy.
One of the best ways to deal with the stress associated with trading is to turn your strategy into an algorithm. Our visual strategy builder, FxPro Quant, allows you to automate your trading by programming your own algorithms without the use of complex coding language. The benefits of algorithmic trading are many, as it reduces the time you spend monitoring the market, minimises mistakes, prevents you from placing trades on impulse, and increases the accuracy of your trades since all calculations are carried out by algorithms.