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What is automated Forex trading?

Also known as algorithmic trading, black-box trading, robo or robot trading, automated forex trading programs offer many advantages. It is designed to function without the presence of the trader by scanning the market for profitable currency trades, using either pre-set parameters or parameters programmed into the system by the user.

What is the best automated Forex trading software?

It's now time to look at one of the top pieces on the list of the best automated forex trading software: MetaTrader. MetaTrader is one of the most popular trading platforms that allows traders to trade with expert advisors (EAs).

How many forex trades are automated?

According to the Federal Reserve, more than half of all forex trades are automated with the use of an algorithmic counterparty. Already more than two-thirds of forex trades are placed though algorithmic trading vehicles. But most algorithmic trading requires strong computer programming skills that many retail traders simply don’t have.

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