Forex automated trading system
The automated trading systems are becoming increasingly popular among traders in financial markets. The great boom in particular has coincided with the growth of the Forex – the currency market. While in the past there were also several automated trading systems, but with Forex, their growth has become exponential.
Today there are hundreds of Forex robots on the market. Some of them are free, most charges though. These trading systems in practice replace human intervention. They analyze the market and decide how and when to place purchase orders and sales according to their algorithms, enabling you to minimize loss and maximize profits.
But is the automated trading is better than the classic manual trading? This is a tough question to answer. In fact the manual trading is now supported by a trading system, where the investor , based on signals provided by the systems, decides whether or not to trade.
With the advent of computers many traders, particularly so-called day traders have tried to automate most tasks. The automated trading offers many advantages, not only the fact that it saves time and enables trader to operate simultaneously in multiple markets; the biggest advantage is that it ceases the emotional influences in trading. Anyone working in the financial markets knows that the first enemy of the trader is his own emotions. Fear of loss or the greed of wanting to earn more and more often leads to make mistakes that lead to disastrous losses. The automatic trading algorithms being guided by predefined rules based on time series obviously does not have this problem. All good then? Not really! Driven by the success of automated systems have created a speculative phenomenon around the trading systems or forex robots like Forex Signal. But in the end, of several hundred products, only a few systems actually allows you to earn. Some research indicates that 3 out of 4 are even losing money.