Automated Forex for Easy Trading
By Syed Munib
Automated Forex for Easy Trading
Automated forex trading is defined as the ability to trade forex with the help of a trading program or solution. This type of trading offers the opportunity of diversification to the trader which is most important to capitalize from a market that operates 24 hours a day.
Automated trading makes possible for you to trade in different markets, and also in diverse time zones. You can systematize a multiple trading model and use the automated system to scrutinize short-term data.
You can use this data to find out how the market will move in next 15 minutes or half an hour, and can take the decision accordingly.
Automated trading can be broadly classified into two categories: first - through managed Forex where the trading program executes the trades rather than a human team, and the second is - an independent program in which you can select parameters according to your choice.
Automated Trading + Signal Alerts = Profitable Forex
An can have automatic Forex Signal Alerts that continuously monitor the market for high-probability real-time buy and sell opportunities. This includes precise trade entry and exit signals with a built-in automated trailing stop-losses option.
The system can notify you by email or phone instantly. It can have audio or visual alarms whenever a forex signal is generated. The systems are backed with forex charting software in which you can visualize the movement of the market.
The success of automated trading lies into its capability to conduct the trade in real time, which is almost impractical for a manual or physical trader.
Decisions are executed in milliseconds and that poses an edge over any manual trading systems. Another major problem that can be greatly helped or avoided with automated trading is that it does not demand the physical presence of the trader.
Automated Forex Trading - The Advantages:
· You do not have to physically trade in the system. It is not just mechanical, but is fully programmable.
· It can trade at anytime of the day or night. This increases the profitability to great extent. You need not to wait through non-trending markets and can spend your time in developing new trades.
· It offers greater diversification. You can trade in different markets in different time zones at once.
· You can trade in multiple systems, like systems that work on different types of indicators, or for shorter or longer time frames, which diversifies the risk.
· The models can analyze short-term data. This ensures that you can predict in as short a period of times as fifteen minutes to half an hour.
· Automated trading is unaffected by your psychology or emotions. It performs based on the set criteria and reduces the risk of panic trading. Therefore the system performs faster and more accurate trade execution.
· With automated trading you can develop new methods which are difficult to achieve with human system such as running high frequency of trades using tick data.
