Monday, May 11, 2009

FOREX AUTOMATED TRADING

FOREX AUTOMATED TRADING

Foreign Currency Trading, or Forex as it is known, is the fastest growing financial market in existence with over $2-3 trillion traded per day.

As an amateur shares and commodities trader, with varying degrees of success, I had only touched on currency trading via spread betting platforms.

ANYONE can access currency trading using an “Expert Adviser”, or "Robot" as they are called. These "Robots" are software that monitor the markets and place trades for you. However, even though the "Robots" are automatic in terms of identifying, opening and closing trades, you still have control over the parameters by which they operate.

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