This Feature Is Not Available In Manual Trading System

The concept of automated Forex trading system is mind- catching. Then, the traders on the Interbank spot FX market decided to catch up with the latest trend and moved too to the new system.

Before the automation of the Forex market, exchange- traded futures market was the first to switch on automation. Automated Forex trading system enables traders to execute their trade on spot Forex market automatically and anytime of the day, based on existing technical indicators and custom trading rules. And. - Various technical analysis indicators within your discretion for enabling trend- following systems. There are various features included in the automated trading system, such as: - Automatic trailing stops especially if the trader is losing in a particular trade position; - Account equity management; - Stop and/ or limit orders; - Discretionary market orders. Automated Forex trading systems supports most of the following indicators( the technical support will depend on the technology used as well as the available features of the system) : - WMA( weighted moving average) ; - EMA( exponential moving average) ; - SMA( simple moving average) ; - VMA( variable moving average) ; - TMA( triangular moving average) ; - TSMA( time series moving average) ; - WATR( wilders average true range) ; - VHF( vertical horizontal filter) ; - Standard deviation; - Trailing stops; - Mass index; - Fixed limits and stops, and others. Because of the automation, a trader can close trades within a few milliseconds.

The success of the automation process to the Forex market is attributed to several factors, such as the following: - Its ability to perform or execute trades in real time. It is impossible in manual systems, as previous trades are normally closed after several hours. Thus, with automated Forex trading system, this problem could be avoided. - Its ability to greater diversification. In addition, there are also instances wherein a trader incurs several losses in a row that prevents him from making any fresh transactions. With automated trading system now in place, a trader can trade in various local as well as international markets within varying time zones. This feature is not available in manual trading system. In other words, you can place trade or close deals with different traders from various markets around the world even at the middle of the night. - Its ability to analyze short- term data.

Thus, traders using automated system have the bigger advantage since they can predict market trends in less than an hour. To further clarify the conclusion. If you will consolidate the features as well as the benefits of automated Forex trading system, it will give you a solid conclusion: with the Forex market on automation, you will be able to place more trades on a single day, thus increasing the average volume trades daily. Let us take the following scenario: If you are trading using the manual system, you will notice that it takes time before a trader confirms if he will accept your deal or not. Thus, if it takes time before a transaction will be finalized. He will look on the market condition first as well as the exchange rate of the currencies that you are trading with. There would be fewer trade volumes.

Probably after less than an hour, you will be able to take your position whether you will push through the deal or not. Now, if you are using the automated Forex trading system, the evaluation of exchange rates and market conditions could be done within a few minutes, since Forex data are now updated in real time. If a Forex transaction per trader is averaging within an hour, a single trader can place as much as 8 trades within the regular trading hours( if he is following the day trading schedule) and additional trades beyond the regular trading hours. Combining it with the number of Forex markets around the world, the figure is just huge enough. There are thousands of traders in just a single market who can place such average number of trade per day. In addition, the technology is changing continuously, thus there is a tendency that the average number of trades per day will increase, thus a possibility of increased trade volumes on daily basis.

Be thankful, the Forex market is now at the helm of automation. With faster trade execution, that is a certain possibility. Transactions are now faster, and earning money through Forex trading is now easier.