Most of those who've traded forex, cryptos or other markets for a few months have probably come up with a strategy idea that they think could be ripe for automation.
Stock indices can provide FX traders with clues about how to time their trade entry and exits points. Equities can identify when a currency pair is overbought or oversold.
Fibonacci series and the Golden Ratio are two phrases you’ve most likely heard about before. How are they used in trading, and how can you profit from them?
An automated trading system is one that allows you to “piggyback” the trades from an outside source. It can be a person or a piece of software that implements a certain trading strategy.
Forex software is designed to take the guesswork out of trading currencies, but it is important to understand not only the advantages but the potential drawbacks as well.