AUTOMATED FOREX TRADING -THE CONVENIENT WAY IN FOREX

Still on my promise that i 'll will be sharing those ideas on how to be on top of forex trading. As it is known that trading forex trading is one of those most risky and profitable business on internet today, one must put in place reliable and convenient strategy to be able to survive forex business.

One of those ways that has been proven and tested is automated trading. Automated forex trading is making use of an expert advisor (EA) that was written in a program language that could be understood by the broker trading platform.

Traditionally, forex is traded by using telephone or setting parameters manually on the broker's platform whenever a position needs to be opened but in automated forex trading, you just need to set the expert advisor (EA)and leave it to take action on your behalf (opening and closing of positions when need be).

There are so many experts being advertised out there to be used for forex trading, one must be very careful in picking any for his automated forex trading because expert advisor or simply put"software robot" is a way of packaging one's strategy in the language that trading platform understand for trading execution especially metatrader4 platforms. The strategy being packaged for auto forex trading might be a reliable one or otherwise.

So,in adopting any expert for use in forex trading, it is advised that it must have been forward and backward tested for at least two weeks and prove to be making profit.

In my next posting on automated forex trading, i 'll be revealing the reason why forex trading should be automated.