Is Auto Forex Trading the Way Forward for Modern Investors? : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

Is Auto Forex Trading the Way Forward for Modern Investors?

February 26, 2014

Is Auto Forex Trading the Way Forward for Modern Investors?

New York (RPRN) 02/26/14 — Given the volatile and often overtly challenging nature of the forex market, it is little wonder that traders can find themselves questioning the wisdom of their real time transactions. Human error plays a significant role in sustaining losses as a financial market trader, with the relentless, 24 hour forex market providing a demanding environment that can hinder rather than empower decision making.

It is with this in mind that automated forex trading has become increasingly popular in recent times, as it is a method which relies on a pre-programmed strategy rather than human decision making or direct participation. While the individual strategy used will often vary, it will generally be based on technical indicators and fundamental analysis that triggers the automatic execution of trades through a particular trading program. It therefore removes the element of human interaction, and negates the risk that emotion will cloud your investment strategy.  

The Automated Trading Championships: Popularizing a Forward Thinking Art

Now more than seven years old, the Automated Trading Championships have gained significant credibility as a competitive event and helped to increase recognition of the concept. Established to popularize automated trading and the subsequent application of the MQL5 programming language, it seeks to reward developers who create the most profitable program or platform. During the championship held in 2011 and 2012, four individual developers experienced victory and a cumulative cash prize of approximately $160,000.

While competitors and automated traders in general are able to invest in a host of financial products and derivatives, it is currency that remains one of the most popular vehicles. This is due to the fact that volatile price swings and the impact of economic trends continues to distinguish the foreign exchange an emotive market where traders can often give in to impulse or misguided instinct. The option of minimizing the influence of human instinct and automating trades according to informed and predetermined algorithms is therefore appealing, despite the fact that the global economic landscape shows signs of settling.

Can Automated Trading Thrive in the Modern World?

While detractors will argue that automated trading is counter-productive to market growth and capable of creating even more volatility, regulators have yet to prove this with any authority. Instead, eliminating human error and the issue of timing transactions within a volatile and 24 hour market place would appear to offer a far greater chance of long term profitability, at least on an individual level. With different options and trading strategies also available to suit individual tastes, traders can even select an exact portfolio to meet their needs.

The only question that remains is whether an automated trading system can ever replicate the natural instinct and perception boasted by experienced forex investors? For those who understand the market place, and more importantly the underlying laws that govern change and price movements, there may well be an understandable reluctance to place trust in a purely automated system. This is especially true in this age of technological advancement, where real-time news rooms and informational resources such as the Currencies Direct website have created a situation where software and human interaction can be used to create the ultimate strategy.

Media Contact Name: Laura Cole
Media Phone: 07591527921
Media Web Address: http://www.currenciesdirect.com/
Company Contact Name: Laura Cole
Company Phone: 07591527921
Company Web Address: http://www.currenciesdirect.com/
Main image credits: http://www.currenciesdirect.com/
Click here to see all news from this author/company

Filed Under: BANKING AND FINANCIAL NEWS, Technology, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

IT Secure Services Expands Business Operations Into Massachusetts

Manchester, NH 04/23/15 · Businesses In The 128 Tech Corridor Finally Have...

ASTEP Announces Cindy Gentry, Senior Partner at Mercer U.S., as New Advisory Board Member

NEW YORK, NY 04/21/15 · The Asperger Syndrome Training and Employment Partnership (ASTEP)...

500 BC Introduces YouQuest App. Update Your Life, Not Your Status.

Washington, DC 04/21/15 · Harnessing ancient wisdom to meet modern challenges. “Update...

Talkingtech.ca Launches Canadian Technology Forums

Toronto, Ontario 04/18/15 · Canadians with a love of everything hi-tech have...

Global Access CSG Announces New Chief Operating Officer

NEW YORK, NY and MINNEAPOLIS, MN 04/15/15 · Global Access CSG is pleased to announce the...

Newborn Foundation Featured at Shanghai Neonatal Forum

Saint Paul, MN / Shanghai, China 04/15/15 · Forum follows implementation visits to SW China newborn...

Minority-Owned Handbag Brand Continues to Emerge

Charlotte, NC 04/13/15 · He is commonly called “Mr. Sylvia”, but Sylvia...

By April 21, create a responsive site or be left out of Google top ranks

San Francisco, California 04/13/15 · By Anne Howard for TrafficStriker. Have you checked your...

Pressenger Mobile App Urges Users To Support Earth Day 2015 Thunderclap Campaign

Budapest, Hungary 04/11/15 · Participants use pre-call image to spread awareness about...

Diecasters shown how to save up to 85% off whole life running costs

Stuttgart, Germany 04/09/15 · Diecasters will be told how to save up...

Criminals Host Fake Government Services Web Sites

Reston, VA 04/08/15 · Criminals Host Fake Government Services Web Sites to...

Running Aces Introduces Renovated Simulcast Space in Preparation for Racing Season and Kentucky Derby

COLUMBUS, MN 04/08/15 ·   Running Aces Introduces Renovated Simulcast Space in Preparation...

Filipino Freedom Fighter to U.S. Army Officer - Bataan Death March Survivor

LOS ANGELES, CA 04/07/15 · By Farrell J. Chiles “My father told me us...