It used to be that the only ones who could use automated trading strategies were the big guns, wealthy investors and big hedge funds. The big boys got to make ever more money while the smaller investors had to serve on the sideline and watch. This seemed typical, the rich got richer while the remainder of us had to do was sit back and watch. Well, no more, you too can go out there and make a packet with automated Forex trading. Yes, that is right, the world of automated trading systems is now open to you.
Trading systems tell you when to purchase and when to sell, it is that easy. Before it was all left up to your own shot, without the aid of a brilliant number cruncher. Having an automated trading system is like having the Rain Man help you out. It is like having a genius with numbers sitting beside you spotting the patterns in the numbers that you could never see. This means that, instead of taking a wild stab in the shadows, you’re working in broad daylight, with all the figures placed into context for you. It is so much better using an automated Forex trading system. This is why all the wealthy investors and hedge funds use them. This should persuade you of their worth, if nothing else does.
What does this have to do with automated trading systems?
An automated trading system was the answer I needed. These software packages took the technical trading techniques I knew would work and bring them into a simple to use system. Learning to use an automated trading system and testing it out is extremely easy regardless of your trading experience and cognition.
QUESTION: what is an automated forex trading system?I guess as against a manual system
Nothing is automated in forex really as far as I know. There always is a dealer at the other end. What you are talking about is probably the platform. Some of the forex trading platforms (usually web based) are easy to use since you have everything neatly set up. Buying or selling is literally done with a click of the mouse.
in terms of trading? system = what you're plan is, strategy, etc. automated = mechanical, preprogrammed so, it probably means that you're talking about some software designed to pick trades for you
I always tell people not to adopt my word on this subject. Don’t take the word on any website or forum posts. The only way you’ll know for sure if an automated trading system will work well for you is to test it out.
Once you have found an automated trading system you like, then start out small, making incrementally bigger trades as you become more confident with the system. In no time at all, you’ll be making massive, life changing trades.
Don’t wait for everyone else to seize this before you, get out there now and locate the best automated trading system for you and get in the big time.