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 E-mail:
Media Phone: 07591527921
Media Web Address: http://www.currenciesdirect.com/
Company Contact Name: Laura Cole
Company E-mail:
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

Newborn Foundation Featured on Global Health Panel at Annual Patient Safety Science and Technology Summit

SAINT PAUL, MN and IRVINE, CA-- 01/23/15 ·  - The Newborn Foundation, an international nonprofit leveraging medical...

Cape Coral Waterfront Estate Known as “The UPS House” to be Sold at February 10th Absolute Auction

Fort Myers, Florida 01/21/15 · Truck Driver Turned Executive Selling Florida Riverfront Dream...

Studio One selects Visual 2000 End2End Suite of Fashion Business Solutions

LONDON, UK 01/20/15 · Visual 2000 International announces manufacturer Studio One  are...

CPD Seminar: How Skill Trade Workers Will be Effected by Express Entry

Vancouver, BC - 01/19/15 · Ashton College Announces Seminar Addressing Express Entry - New...

Dr. Ken Pool, IT Pioneer, dead at 62, leaves a rich legacy in health data standards and public health

ARLINGTON, TX 01/17/15 · With deep sadness  OZ Systems announces the sudden passing...

Dr. Ken Pool, Founder and Chairman of Dallas-based OZ Systems, Dies at 62

ARLINGTON, TX 01/16/15 · It is with deep sadness that OZ Systems announces...

Real Estate Auction – Is It Right for You?

Charlotte, NC 01/12/15 · Luxury homeowners looking to sell their estates face...

Philippines to Host Largest Crowd in Human History

Manila, Philippines 01/12/15 · The largest gathering of humans ever recorded will...

First Dedicated Canadian Bitcoin Price Index Launched

Vancouver, BC 01/08/15 · The Canadian Bitcoin Index (CBIX) created by Vancouver...

OnServe & Learning Brick has expanded to Niagara/Southwestern ON.

Kingston, ON 01/06/15 · Onserve is your trusted IT services company in...

Music Host Network Wants Writers Now!

LOS ANGELES 01/06/15 · The Music Host Network, a music media site...

Identify genuine web traffic from bots and botnets

SAN FRANCISCO 01/06/15 · As a provider of high-quality web traffic, Traffic...

Author Manfred Popp publishes - You can do what I did: lose weight, improve your health, stay fit -

Gaimersheim / Germany 01/06/15 · New book from author Manfred Popp about Weight...