Forex Automation For Hands-Free- Trading - CIO Applications
The foreign exchange (forex) market is the market in which participants can buy, sell, exchange and speculate on currencies. The market is combined with banks, commercial organizations, investment management firms, hedge funds, retail forex brokers and investors. Technology has revolutionized forex industry like any other business, particularly in regards to automation, artificial intelligence, blockchain and more. Automated forex trading programs like algorithmic trading, black-box trading, robot trading can offer many advantages as it is designed to function without the presence of the trader by scanning the market for profitable currency trades. They use either pre-set parameters or parameters programmed into the system by the user. Automated Forex Trading: Automated forex trading is a system of trading foreign currencies with a computer program based on a set of analysis which will help determine whether to buy or sell a currency at a given time. The trader is ...