subject: Forex Automatic Trading Software Review [print this page] Retail forex trading (forex, short for foreign exchange) is a growth sector in the global foreign exchange marketplace. Retail forex traders are private individuals who can now connect to deals in the markets using trading platforms which run on their home or office PC. Forex automatic trading software is available which has been designed to analyze the trends in the currency markets and automatically place buy or sell orders based on general guidance provided by the user.
The retail foreign exchange market has grown significantly in recent times, and a great number of private individuals invest their time and money in the forex trading business. Retail trading platforms (example MetaTrader4 from MetaQuotes) allow these traders to connect to their brokers and place buy or sell orders.
Automatic or autotrading software (example Forex Autopilot or FapTurbo) is also available and can be used in conjunction with a trading platform. The autotrading software is usually based on proven technical analysis techniques, and on the assumption that the markets will behave in the future in similar ways to past performance.
Analysts have, over many years, studied the past performance of markets, concentrating on aspects such as price and trade volume. They have then developed techniques by which past performance and trends can be used to predict future price movements.
Those techniques are not necessarily secret, or particularly difficult to understand, but they may require a fair amount of time to employ manually on a day by day, or minute by minute basis. Autotrading computer programs simply use those techniques to determine when is the best time to place orders, to take profits, and to limit losses.
Individuals who wish to invest in retail forex trading should understand how to set up and configure the software they use to get the best results. It can be a good idea to spend a trial period working with the software using "play" money, before committing any real money. They should also be aware of the risks they are taking with their money, and should not be investing funds which they can not afford to lose. I am personally making more than 10%-20% a month consistently using a Forex professional automatic trading system that I found online which you can find out more about at my website link below.
