Archive for April, 2011
Forex Auto Trading originates at the time when there was an surfacing of the online retail trading which since the year 1999 when the internet based companies started the creation of forex platforms for the retail sectors that provide a swift way for any individual to buy or to sell in the forex market.
There are two types of Forex Auto Trading majorly, which are –
• Robotic forex trading – this is fully automated and is very much like the black box trading method or the algorithmic trading methods, where in a computer algorithm usually decides on the characteristic of the order such as the price, quantity and the timing and then initiates the order robotically. The end users can only interfere by altering the technical parameters of this program. Rest all the other controls are handed to the program.
• Signal based Forex Auto Trading – This mode is completely based on the manual execution of the orders which are generated by a system. A typical approach is to use the service wherein the traders globally are making their strategies accessible to anyone who is interested in this form of signals. The traders chose to manually implement any of these signals in their own accounts.
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