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he concept of automated Forex trading system is mind-catching.
Before the automation of the Forex market, exchange-traded futures market was the first to change on automation. Then, the traders on the Interbank spot FX market decided to meet up with the latest trend and moved too to the new system.
Automated Forex trading system permits traders to execute their trade on spot Forex market automatically and anytime of the day, based mostly on existing technical indicators and custom trading rules. There are varied options included in the automated trading system, such as:
• Automatic trailing stops especially if the trader is losing in a explicit trade position;
• Account equity management;
• Stop and/or limit orders;
• Discretionary market orders; and
• Varied technical analysis indicators among your discretion for enabling trend-following systems.
Automated Forex trading systems supports most of the following indicators (the technical support can rely on the technology used as well as the out there features of the system):
• WMA (weighted moving average);
• EMA (exponential moving average);
• SMA (straightforward moving average);
• VMA (variable moving average);
• TMA (triangular moving average);
• TSMA (time series moving average);
• WATR (wilder’s average true range);
• VHF (vertical horizontal filter);
• Standard deviation;
• Trailing stops;
• Mass index;
• Fixed limits and stops, and others.
The success of the automation process to the Forex market is attributed to many factors, like the following:
• Its ability to perform or execute trades in real time. Because of the automation, a trader can close trades at intervals some milliseconds. It is not possible in manual systems, as previous trades are normally closed when several hours. Additionally, there are instances whereby a trader incurs several losses during a row that prevents him from making any contemporary transactions. So, with automated Forex trading system, this problem may be avoided.
• Its ability to greater diversification. With automated trading system now in place, a trader will trade in various local plus international markets within varying time zones. In other words, you'll be able to place trade or close deals with different traders from various markets around the world even at the center of the night.
• Its ability to analyze short-term data. This feature is not available in manual trading system. Thus, traders using automated system have the larger advantage since they will predict market trends in but an hour.
If you will consolidate the features and the benefits of automated Forex trading system, it will give you a solid conclusion: with the Forex market on automation, you will be able to put a lot of trades on one day, therefore increasing the typical volume trades daily.
To further clarify the conclusion. Let us take the subsequent state of affairs: If you're trading using the manual system, you'll notice that it takes time before a trader confirms if he will settle for your deal or not. He can look available condition first in addition because the exchange rate of the currencies that you are trading with. Thus, if it takes time before a transaction will be finalized; there would be fewer trade volumes.
Currently, if you're using the automated Forex trading system, the evaluation of exchange rates and market conditions could be done within a few minutes, since Forex information are currently updated in real time. Probably when but an hour, you will be able to require your position whether or not you'll push through the deal or not.
If a Forex transaction per trader is averaging inside an hour, a single trader can place as a lot of as eight trades within the regular trading hours (if he's following the day trading schedule) and extra trades beyond the regular trading hours. There are thousands of traders in just a single market who will place such average number of trade per day. Combining it with the quantity of Forex markets around the globe, the figure is just huge enough.
As well, the technology is changing continuously, so there is a tendency that the common range of trades per day will increase, thus a chance of increased trade volumes on daily. With faster trade execution, that's a sure possibility.
Be thankful, the Forex market is currently at the helm of automation. Transactions are currently faster, and earning money through Forex trading is currently easier.
Before the automation of the Forex market, exchange-traded futures market was the first to change on automation. Then, the traders on the Interbank spot FX market decided to meet up with the latest trend and moved too to the new system.
Automated Forex trading system permits traders to execute their trade on spot Forex market automatically and anytime of the day, based mostly on existing technical indicators and custom trading rules. There are varied options included in the automated trading system, such as:
• Automatic trailing stops especially if the trader is losing in a explicit trade position;
• Account equity management;
• Stop and/or limit orders;
• Discretionary market orders; and
• Varied technical analysis indicators among your discretion for enabling trend-following systems.
Automated Forex trading systems supports most of the following indicators (the technical support can rely on the technology used as well as the out there features of the system):
• WMA (weighted moving average);
• EMA (exponential moving average);
• SMA (straightforward moving average);
• VMA (variable moving average);
• TMA (triangular moving average);
• TSMA (time series moving average);
• WATR (wilder’s average true range);
• VHF (vertical horizontal filter);
• Standard deviation;
• Trailing stops;
• Mass index;
• Fixed limits and stops, and others.
The success of the automation process to the Forex market is attributed to many factors, like the following:
• Its ability to perform or execute trades in real time. Because of the automation, a trader can close trades at intervals some milliseconds. It is not possible in manual systems, as previous trades are normally closed when several hours. Additionally, there are instances whereby a trader incurs several losses during a row that prevents him from making any contemporary transactions. So, with automated Forex trading system, this problem may be avoided.
• Its ability to greater diversification. With automated trading system now in place, a trader will trade in various local plus international markets within varying time zones. In other words, you'll be able to place trade or close deals with different traders from various markets around the world even at the center of the night.
• Its ability to analyze short-term data. This feature is not available in manual trading system. Thus, traders using automated system have the larger advantage since they will predict market trends in but an hour.
If you will consolidate the features and the benefits of automated Forex trading system, it will give you a solid conclusion: with the Forex market on automation, you will be able to put a lot of trades on one day, therefore increasing the typical volume trades daily.
To further clarify the conclusion. Let us take the subsequent state of affairs: If you're trading using the manual system, you'll notice that it takes time before a trader confirms if he will settle for your deal or not. He can look available condition first in addition because the exchange rate of the currencies that you are trading with. Thus, if it takes time before a transaction will be finalized; there would be fewer trade volumes.
Currently, if you're using the automated Forex trading system, the evaluation of exchange rates and market conditions could be done within a few minutes, since Forex information are currently updated in real time. Probably when but an hour, you will be able to require your position whether or not you'll push through the deal or not.
If a Forex transaction per trader is averaging inside an hour, a single trader can place as a lot of as eight trades within the regular trading hours (if he's following the day trading schedule) and extra trades beyond the regular trading hours. There are thousands of traders in just a single market who will place such average number of trade per day. Combining it with the quantity of Forex markets around the globe, the figure is just huge enough.
As well, the technology is changing continuously, so there is a tendency that the common range of trades per day will increase, thus a chance of increased trade volumes on daily. With faster trade execution, that's a sure possibility.
Be thankful, the Forex market is currently at the helm of automation. Transactions are currently faster, and earning money through Forex trading is currently easier.
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