If you have all the skills and resources to transact in the foreign market but you do not have enough time to sit in front of your computer 8 hours a day. You remain busy on your job or due to any other reason you cannot give time to this business, then Automated Forex Trading System is made for you.
You will fine plenty of traders who are working with Automated Forex Trading System from last fifteen years and rate it very goof in working. There are two types of Automated Forex Trading System, one is Fully Automated Forex Trading System and the other is Semi Automated Forex Trading System. Semi Automated System automatically generates and places trades with your broker. However, Fully Automated Forex Trading System requires account to certain brokers that have special licenses from government.
All the professionals in the Forex Market have their own terms and conditions to transact in market. These are saved in your mind. What if you transfer your rules to a machine? Yes! When you transfer your rules of trading in Forex market to the machine, machine is called Automated Forex Trading System. In other words Automated Forex Trading System is a converted form your rules. Automated Forex Trading System transacts strictly in adherence to the rules established by you so suitable transactions take place automatically in your account. For example, while having your breakfast, an idea stuck in your mind that
You will fine plenty of traders who are working with Automated Forex Trading System from last fifteen years and rate it very goof in working. There are two types of Automated Forex Trading System, one is Fully Automated Forex Trading System and the other is Semi Automated Forex Trading System. Semi Automated System automatically generates and places trades with your broker. However, Fully Automated Forex Trading System requires account to certain brokers that have special licenses from government.
All the professionals in the Forex Market have their own terms and conditions to transact in market. These are saved in your mind. What if you transfer your rules to a machine? Yes! When you transfer your rules of trading in Forex market to the machine, machine is called Automated Forex Trading System. In other words Automated Forex Trading System is a converted form your rules. Automated Forex Trading System transacts strictly in adherence to the rules established by you so suitable transactions take place automatically in your account. For example, while having your breakfast, an idea stuck in your mind that
- You should purchase EUR for $150,000 when it has a price of $1.5/EUR. (100,000EUR)
- Sell it against Japanese Yen when one EUR is traded against 250 Yen. (25,000,000Yen)Sell Japanese Yen with USD when one USD is traded against 165 Yen. ($ 151515)
- You put your this idea (rule) in your trading software. Now the trading software is an Automated Forex Trading System. When you will come back from your office, you will find your broker account balance in profit of $1,515/-
- A great advantage that Automated Forex Trading System has is that it is
- Time Saving
- Sometimes it becomes very difficult to put some rules in to codes.
- Market is too dynamic; it works well only in stable environment.
