Automated forex trading can seduce a person with its promises of infinite wealth and automatically reaching one's investment objectives by implementing trading strategies in the foreign exchange market. You open a program, click a few buttons and like magic, you start making money in the forex market with a fully automated trading platform. But oftentimes, people are disappointed by the actual results they get. Slowly that individual begins to realize that making an accurate trend forecast it's not as simple as he was led to believe when he sees his actual trading results. The algorithms aren't always what they appear to be.
Indeed, algo trading in even a demo account can be disappointing, especially when market conditions are not favorable or when either forex market news or institutional clients begin causing major disturbances affecting market liquidity. Eventually he can no longer fool himself into believing he can win in the game of international currency trading, no matter how much he studies dailyfx, dailyforex, fomc minutes, candlesticks, indicators on various free forex charts or his forex economic calendar. Supposedly you can get rich without doing any work just by opening one of more real accounts with a retail foreign exchange dealer that is registered with the commodity futures trading commission and putting up your initial investement which satisfies margin requirements. Then you're supposed to use a trading strategy (preferably one of numerous available back-tested strategies) in some automatic forex trading software.
To see if automated trading works in real markets, you could use metatrader or mirror trader (or even a mobile app) with a broker (make sure it's a registered futures commission merchant) such as fxcm, etoro, zulutrade, ninjatrader, fxdd, currensee, oanda, avatrade etc to learn forex basics. Play around with their currency converter. Then if you wish, you can become a client and trade on autopilot or with an autotrader. Some forex brokers allow you to fund your account with bitcoin. It is best to test your trading systems in as many demo accounts as possible. How it's supposed to work is this: rules for trading a currency such as the dollar, the eur, usd, jpy, the eurusd and others are programmed into a piece of software.
Then begins the nonstop tick-by-tick monitoring of every currency on your trading radar. The automated forex trading system calculates mind-bendingly complex mathematical forumulas. The results are continuously interpreted by the system using technical analysis as real-time data streams in. When the currency analysis software finds the right patterns, it begins executing orders on your behalf. Predicting the weather is hard - these things claim to predict global currency movements! It's not always as simple as the software vendors would have you wish and hope. The fact is - cold, hard reality is often much different. Over on the New York Stock Exchange, the national futures association nfa can adequately monitor things. But in forex? Well it may be very different.
The truth is, if you're going to trust your hard-earned money to an automated forex trading robot, you better make sure you pick the right one. For more information on choosing and evaluating the very best automated forex trading robots available on the market today, click the link in the video description below. Social trading is finally here. Take advantage of trading courses, trading signals and other resources to reach your goals. U.S. Government Required Disclaimer Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer.
Neither ForexSenseo.com, nor any of their affiliates or associates involved in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances.
Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital. CFTC RULE – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. automated forex trading automated trading trading strategies trading strategy fully automated trading platform foreign exchange demo account mirror trader currency converter investment objectives stock exchange institutional clients market conditions real accounts demo accounts forex market forex basics futures trading executing orders mobile app initial investment invest money technical analysis trading systems trading system trading platform market liquidity margin requirements trading signals trading courses trading forex trading software back-tested strategies forex trading software trading foreign exchange foreign exchange dealer retail foreign exchange automated trading works actual trading results free forex charts forex economic calendar forex market news commodity futures trading commission national futures association nfa new york stock exchange fxcm registered futures commission merchant retail foreign exchange dealer trading market trade forex account markets currency real-time orders metatrader currensee autotrader algo dailyforex algorithms fxdd autopilot forecast avatrade candlesticks fomc eurusd indicators eur jpy ninjatrader broker usd dollar losses trend charts bitcoin automatically data profits client dailyfx zulutrade commission margin
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