글 수 14
Why Forex trading? Should I use a Forex Robot?
Excellent question.. There are various of money making opportunities out there that you can prefer, but why not begin trading foreign currencies instead?
Forex investment is unique in a range of aspects:
Its trading volume is dwarfs all other financial markets.
It has maximum liquidity or the ability of either buying or selling the currency without causing significant movement in the market price.
It has the biggest number and variety of traders.
24 hour trading, 5 days a week.
Trading locations are all over the place, not just in the United States or major cities of Europe.
Forex market is receptive to loads of different factors, not just economic numbers.
Another mind-boggling detail that will make you excited to start Forex trading: it has an average turnover in conventional foreign exchange market of around $3.05 trillion daily, according to the Triennial Central Bank Survey of the BIS (Bank for International Settlements). Here are the daily averages of turnover on the Forex market for the last 20 years:
$500 billion (April 1989)
$750 billion (April 1992)
$1.18 trillion (April 1995)
$1.48 trillion (April 2001)
$1.88 trillion (April 2004)
$3.05 trillion (April 2009)
You can see the amount of daily traded volume is escalating year over year.. It is estimated to achieve as high as 4 to 5 trillion dollars within the next 8 to 10 years, providing the numbers of forex traders swell over the approaching years, as they are expected to. The truth is, trading forex profitably is within anyone's reach, especially now that automated forex trading software (forex robot software) has hit the market.
With automated forex trading software, the concept of automation becomes the new trend to the foreign exchange trading market. The Interbank spot Forex market has also considered switching to the mechanical process as well.
There are numerous advantages that a Forex trader can obtain from automated Forex trading. Here are some of such benefits and figure out why Forex trading as well as other investments (futures and commodities) prefer the automated process.
Through the automated forex trading process, transactions can now be done in real time. Although manual systems have existed for quite some time now, it is difficult to achieve such benefit that the automated Forex system can offer to its traders. All of the trades can happen within a few milliseconds and can be a big boon for automated transactions in contrast to the manual system. In fact, there are problems that are addressed using automated Forex trading especially if the trader is losing a few times in a row that prevents him from making new trades. Such problems could be addressed using the automatic trading system.
With automated Forex trading, you will have a greater diversification. It means that you can trade in many markets in different time zones simultaneously. You can perform trades with traders from Singapore or London even if it is already 12 midnight in the United States. This benefit allows you a multiple exchange model option. You can use varying trading software to evaluate short-term data. This means that you will be able to predict the trend for a shorter period of time, let us say from fifteen minutes to half an hour.
As previously mentioned, the Forex market is unique because of its extreme liquidity. This liquidity is increased when the market goes automated.
Risk management problems are solved through automated Forex trading. International checks, which are commonly used in making purchases on Forex market, are synchronized through automated technology. Since the transaction in an automated process is now on real time, there is a unlikely possibility that the payments will be delayed, reducing the risk of non-payment by either parties. Although there are problems noted with the use of the automated systems, software developers are constantly updating their forex robot programs to adapt to ever changing market conditions.
With automated Forex trading, the prediction of $4-5 trillion average daily volume within the next 8 to 10 years can be altered within the next 4 to 5 years. Given the instant yet proficient trades on varying time zones, automated Forex trading will now be among the existing rewarding businesses around the world.
Excellent question.. There are various of money making opportunities out there that you can prefer, but why not begin trading foreign currencies instead?
Forex investment is unique in a range of aspects:
Its trading volume is dwarfs all other financial markets.
It has maximum liquidity or the ability of either buying or selling the currency without causing significant movement in the market price.
It has the biggest number and variety of traders.
24 hour trading, 5 days a week.
Trading locations are all over the place, not just in the United States or major cities of Europe.
Forex market is receptive to loads of different factors, not just economic numbers.
Another mind-boggling detail that will make you excited to start Forex trading: it has an average turnover in conventional foreign exchange market of around $3.05 trillion daily, according to the Triennial Central Bank Survey of the BIS (Bank for International Settlements). Here are the daily averages of turnover on the Forex market for the last 20 years:
$500 billion (April 1989)
$750 billion (April 1992)
$1.18 trillion (April 1995)
$1.48 trillion (April 2001)
$1.88 trillion (April 2004)
$3.05 trillion (April 2009)
You can see the amount of daily traded volume is escalating year over year.. It is estimated to achieve as high as 4 to 5 trillion dollars within the next 8 to 10 years, providing the numbers of forex traders swell over the approaching years, as they are expected to. The truth is, trading forex profitably is within anyone's reach, especially now that automated forex trading software (forex robot software) has hit the market.
With automated forex trading software, the concept of automation becomes the new trend to the foreign exchange trading market. The Interbank spot Forex market has also considered switching to the mechanical process as well.
There are numerous advantages that a Forex trader can obtain from automated Forex trading. Here are some of such benefits and figure out why Forex trading as well as other investments (futures and commodities) prefer the automated process.
Through the automated forex trading process, transactions can now be done in real time. Although manual systems have existed for quite some time now, it is difficult to achieve such benefit that the automated Forex system can offer to its traders. All of the trades can happen within a few milliseconds and can be a big boon for automated transactions in contrast to the manual system. In fact, there are problems that are addressed using automated Forex trading especially if the trader is losing a few times in a row that prevents him from making new trades. Such problems could be addressed using the automatic trading system.
With automated Forex trading, you will have a greater diversification. It means that you can trade in many markets in different time zones simultaneously. You can perform trades with traders from Singapore or London even if it is already 12 midnight in the United States. This benefit allows you a multiple exchange model option. You can use varying trading software to evaluate short-term data. This means that you will be able to predict the trend for a shorter period of time, let us say from fifteen minutes to half an hour.
As previously mentioned, the Forex market is unique because of its extreme liquidity. This liquidity is increased when the market goes automated.
Risk management problems are solved through automated Forex trading. International checks, which are commonly used in making purchases on Forex market, are synchronized through automated technology. Since the transaction in an automated process is now on real time, there is a unlikely possibility that the payments will be delayed, reducing the risk of non-payment by either parties. Although there are problems noted with the use of the automated systems, software developers are constantly updating their forex robot programs to adapt to ever changing market conditions.
With automated Forex trading, the prediction of $4-5 trillion average daily volume within the next 8 to 10 years can be altered within the next 4 to 5 years. Given the instant yet proficient trades on varying time zones, automated Forex trading will now be among the existing rewarding businesses around the world.
