Automated Forex Trading

What is Automated Forex Trading

Automated trading has become integral part of trading operations for many investors, who consider it very convenient in many terms. It has become a useful tool, due to which traders do not have to spend too much time in front of their terminals and do not have to suffer from their emotions, negatively affecting their trading results.

Automated Forex Trading Advantages

The popularity of Forex Trading is largely due to the fact that in order to start trading one needs only internet access and a PC. One does not need large investments. Trading can be performed implemented automatically without trader's participation - through advisors. People, who have just started working on Forex Market, often do not have the necessary experience and knowledge to start trading themselves. Thus, many traders practice algorithmic trading strategy instead of trading themselves. Using advisors is help to avoid the impact of emotions, such as panic, too much excitement, etc.

Advisors are developed based on years of experience of successful traders and professional analysts. Although automated trading programs cannot guarantee absolute income, they can help in starting trading on Forex market having a minimal knowledge and experience. So, what exactly is automated trading, often referred as trading by advisors?

Forex Advisors

Advisor is a code, written in a special language that interacts with trading terminal, is sensitive to market price changes and automatically sets trading orders (according to its algorithm and received signals, based on the conducted analysis), buying or selling the given currency at certain time.

Automated Forex Trading System

Automated trading systems have been developed and used by traders for already a long time. Every year large number of such programs is being developed. Many programs are updated in new editions and become more sophisticated. Trading through modern trading advisors helps not only to have profit, but also to get a closer look at Forex market, learn how it works, thus obtaining knowledge and skills necessary to conduct successful trading. Running an advisor in most cases requires no special knowledge, one should simply download, install, configure and start trading.

Automated trading using advisors is widespread among users of MT4 Software. In fact, it largely determined the popularity of the terminal among traders worldwide. At present NetTradeX Advisors of IFC Markets can be a serious competition to this terminal. This terminal is an additional one that allows automated trading through built-in programming language NTL+, as well as expands functionality of NetTradeX main terminal. User may choose to work only on NetTradeX Advisors terminal or simultaneously work on two terminals.

IFC Markets is a leading innovative financial company, offering private and corporate investors wide set of trading and analytical tools. The company provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, which is available on PC, iOS, Android and Mobile. The company also offers MT4 platform available on PC, Mac OS, iOS, Android, Mobile and Smartphone. For comparison of the platforms, you can observe the advantages of both.