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What Automated Trading Options are Available in the Forex Market?

editor — Mon, 20 Jun 2022 10:53:39 +0000

Submitted on Mon, 06/20/2022 - 13:53

What Automated Trading Options are Available in the Forex Market?

Forex EAs and auto trading systems allow online trading around the clock, greatly facilitate the work of a skilled trader, and reduce mental and psychological burdens. Resorting to the automated systems is a good help in work, expansion of possibilities, and reduction of risks. However, you should keep in mind a number of details.

Automated trading is based on algorithms created on the basis of the knowledge and experience of traders from all over the world. Thus, you can take advantage of ready and proven schemes at any time, which you will not have to learn for a long time.

One of the options is to choose a trader who works in the market and set up a program so that it copies his trades. However, you should not think that the machine will do everything for you, and simply repeating the actions of experienced traders will immediately lead to success. Any trader can make a mistake, and it would be doubly offensive to automatically copy his mistake. In addition, not all traders provide access to copying their actions, and usually not for long. You will have to change signal providers all the time.

Of course, the program can take a certain amount of routine work, but it will have to be competently set and controlled. This requires your fundamental knowledge of the forex market, taking into account the news, expectations, and personal experience. That's why the best option would be applying forex EA together with your personal knowledge. Give to the machine known repetitive operations, and you are engaged in strategy development and analysis of non-standard situations.

Spy-Fx Yearly Result of 2021

editor — Thu, 30 Dec 2021 14:30:47 +0000

Spy-Fx Yearly Result of 2021

Trading this year was great for us and our clients.

The SpyFx team managed over 2000 new clients and managed 12.3 million in client's funds this year total profit gain was +419.81% (From the Main Account) this was for clients that traded with us without using a multiplier. the ones who did their outcome is higher depending on the multiplier factor.

By using a multiplier, the trader gets the capability to manage a position that's higher than the amount of funds at his disposal. For illustration, when opening a$ 100 deal and using an x5 multiplier your possible profit will be calculated as if you were investing $500. This option can turn out to be precious, especially when the direction of the future price movement can be directly predicted and vice versa.

Account Results

SpyFx Main Account is trading on EUR/USD, GBP/USD, USD/CHF
The Wining trading rate is 71% for the full year
average Monthly profit gain 16.54%+ Yearly gain 419.81%
Maximum Drawdown 15.21%

editor Thu, 12/30/2021 - 16:30

What are the best pairs to trade? A Guide to the Most Traded Forex Pairs.

editor — Tue, 28 Dec 2021 16:00:29 +0000

Submitted on Tue, 12/28/2021 - 18:00

What are the best pairs to trade? A Guide to the Most Traded Forex Pairs.

Each currency pair has its specific behavior and movement, as well as its nuances, which are recognized and understood by traders with sufficient experience in trading. In fact, by focusing on trading a couple of pairs you know well, it is possible to get a significant advantage in trading.

Beginners, once they open a terminal, either see nothing but EUR/USD, or trade all available pairs. We suggest that we take a short run through major currency pairs and note their characteristics. And at the end, you will find some handy tips on choosing the best forex pair.

What are the major currency pairs?

When talking about which currency is the best for trading, many experienced traders advise paying attention to the major currency pairs.

Major currency pairs are those consisting of the major, most liquid currencies, which are leaders in terms of the trading volume. So, what are the advantages of such pairs for trading?

The main advantage of these instruments is their high liquidity. On the one hand, it is advantageous in terms of spreads - these pairs have small spreads. That is why they can be easily and quickly sold with little or no loss of money. For trading styles, which imply active trading and plenty of positions during the day, small spreads are crucial.

On the other hand, high liquidity often means low volatility. This makes major pairs attractive to supporters of long-term trading. You do not have to worry that sharp price fluctuations will shake you out of the trade because sharp fluctuations are rare for these currency pairs. Of course, except for some crucial news and "black swans"

Above all, slippage is rare in positions with major currency pairs. And they will close faster.

Fully automated Forex trading software

editor — Tue, 14 Jan 2020 15:57:33 +0000

Submitted on Tue, 01/14/2020 - 17:57

Fully automated Forex trading software

Whether you’ve been trading for years or only starting now, you probably came across mentions of fully automated Forex trading software. The reason behind its popularity is pretty simple: automated trading is extremely convenient and allows traders to stay profitable without actually having to participate in the trading process.

Huge Forex robot profit

editor — Mon, 13 Jan 2020 14:01:40 +0000

Submitted on Mon, 01/13/2020 - 16:01

Huge Forex robot profit

If you are considering finding the most profitable Forex EA robot, you are most definitely on the right track. Automated trading has gained huge popularity over the last few years due to two very simple reasons: it’s convenient and it’s profitable. For traders who are just starting to get to know the complex world of currency exchange the amount of information to take in can seem tremendous. And the experienced market professionals sometimes do not get enough time to trade as much as they did back in the beginning.

High profit Forex expert advisor

editor — Mon, 13 Jan 2020 12:35:03 +0000

High profit Forex expert advisor

You may have heard that with the right choice of an MT4 expert advisor Forex profitable automated trading is very achievable. Expert advisors have only been around for a couple of decades and gained real popularity within the past couple of years, but it is safe to say that the majority of Forex participants nowadays are, in fact, robots.

editor Mon, 01/13/2020 - 14:35

Automated Forex trading and its advantages

editor — Thu, 05 Dec 2019 17:06:15 +0000

Automated Forex trading and its advantages

Engaged in Forex trading, you probably noticed how much time you spend on mechanical actions.

Try to imagine an ideal world in which someone else did these mechanical actions for you. Ready? You’ll be surprised when you know that this is a reality. It is the essence of automated trading.

To do this, you just need to use a robot that will free up time for you. You can use this extra time to delve into market analysis. The market is changing unpredictably. If we can talk about constancy, then in the case of Forex only changes are constant. And if it scares you, then you definitely need extra time in order to learn how to work and earn in such circumstances. Because of this, successful traders have a special mindset. But let’s go back to the very beginning and consider what automated currency trading programs are.

Should you try it?

Now you know that automated Forex programs are the best alternative to manual trading. But let's find out how it works and why it is so attractive to many traders?

More than 70% of traders use these programs in their work. This is a very high rate. So many people just can't be wrong. But why did they make such a choice?

Foreign currency trading program for automated trading helps increase efficiency, increase profits, and exclude the human factor. And this is just a modest list of the benefits that these robots have.

Do you still have any doubts? Let this article gives you confidence. Don’t be afraid that these programs are paid. The price for them starts at $10 dollars. Of course, you can also hire a programmer who will create such a program specifically for you. This will cost you a much larger amount, but in this way, you’ll get a chance to further increase your profit.

editor Thu, 12/05/2019 - 19:06

How to make consistent profit in Forex

editor — Tue, 03 Dec 2019 17:37:44 +0000

How to make consistent profit in Forex

Is Forex a Myth or a Profitable Business?

Does Forex profit? Is it easy to lose money? What risks await newcomers in this field? These questions are asked by anyone who decides to dive into the financial world of Forex. Alas, the simplest questions are not always easy to answer. Many beginners lose interest in Forex after reading a couple of articles about how someone lost their money there. But why is this happening? The problem is that a lot of newcomers perceive Forex as a source of instant money. So, it is true but partly. You really can earn fast money, but for this purpose, you’ll need to gain experience, learn to analyze some market specs, create your own strategy, etc. It takes a lot of time, a lot of perseverance, and even luck. Of course, someday this will turn into quick money for you, but not immediately. This is what scares away many newcomers. Rarely does anyone really want to learn, want to achieve professionalism. The desire for quick money, without investing labor, rarely leads to a good result. Forex is a real way to make money, but to make this business profitable, you first need to invest your time. Do you want to know how to profit in Forex consistently? In this article, you’ll find the answer.

editor Tue, 12/03/2019 - 19:37

How To Use Forex Trading Robot

editor — Fri, 29 Nov 2019 10:00:29 +0000

How To Use Forex Trading Robot

Each time you conduct operations with assets of the Forex market, you have to spend a lot of time on mechanical actions. Just imagine what freedom you’d have gained if you hadn’t had to spend your time on it!

This idea can become your reality right after you finish reading this article. Here you’ll learn about special software that will help you implement your plan, progress faster, and achieve great results in the near future.

editor Fri, 11/29/2019 - 12:00

Benefits Of Automated Forex Trading

editor — Thu, 28 Nov 2019 14:52:03 +0000

Benefits Of Automated Forex Trading

More than just a game

Trading is more than an investment. Trading is a special train of thought that teaches you to pay attention to nuances, look at ordinary things in a non-standard way, calculate everything that can be calculated, and ultimately take what you deserve.

But what you deserve is up to you. Your result depends on how much you spend time and how deeply you understand the topic. This article will help you delve into automated trading, which will open up new opportunities for you.

What is automated trading in Forex?

When we talk about Forex and even when we read articles on this topic, a term such as automated trading is often found. It's time to figure out what it is and why it is so often spoken and written about. This article is a conclusion drawn from dozens of automated trading reviews. So, let’s start our exciting Forex adventure.

Automated trading is a trading system based on algorithms and special formulas that generate buy and sell signals. In simple terms, automated trading saves you time, and in fact, is your constant advisor.

Agree, when it comes to investments, we all often don’t have enough timely advice. Well, now you have a unique opportunity to receive advice based on accurate algorithms that can always be used with a high probability of success.

Nevertheless, the probability of success is far from 100%. When we talk about trading, it is difficult to be absolutely sure of what is happening, because trading consists of many nuances that change unpredictably. Changeability is a given of any trader, and you’ll either learn to adapt to this or lose.

This article is written for those who do not want to lose. The more knowledge you have, the less likely you are to lose money.

editor Thu, 11/28/2019 - 16:52