Friday, December 17, 2010
Tuesday, December 07, 2010
Monday, September 04, 2006
Automated Trading
An Expert Advisor is an automated trading system (ATS) written in the MetaQuotes Language II (MQL II) and linked to a particular chart. That Expert Advisor is not only able to notify you of trading opportunities, but can also execute trades on your trading account, sending them through to the trading server. Expert Advisors will also let you test your strategies on historical data, and will plot entry/exit points on the chart.
"...automation undoubtedly offers huge potential in terms of low cost trade management. A human trader has physical limitations on the number of markets he/she can trade; although a machine has theoretical limitations, its threshold is far higher."excerpted from
Automated trading,it's not just about the speed....
by Andy Webb. Automated Trader April 2006
Fx News :
Reuters News - www.reuters.com
Bloomberg News - www.bloomberg.com
FX Street News - www.fxstreet.com
ForexTV News - www.forextv.com
Saturday, September 02, 2006
Why FOREX :
The Foreign Exchange market (also referred to as the Forex or FX market) is the world’s largest financial market, with an estimated $2.0 trillion changing hands every day. That is larger than all US equity and Treasury markets combined! Unlike other financial markets that operate at a centralized location (i.e. Stock Exchange, Futures Exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions, large corporations and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting Monday in Sydney, then Tokyo, London and New York and closing Friday evening in New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.
Traditionally, retail investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971.Traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor, whether from news or technical events.
The Foreign Exchange market (also referred to as the Forex or FX market) is the world’s largest financial market, with an estimated $2.0 trillion changing hands every day. That is larger than all US equity and Treasury markets combined! Unlike other financial markets that operate at a centralized location (i.e. Stock Exchange, Futures Exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions, large corporations and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting Monday in Sydney, then Tokyo, London and New York and closing Friday evening in New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.
Traditionally, retail investors' only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971.Traders buy and sell currencies with the hope of making a profit when the value of the currencies changes in their favor, whether from news or technical events.
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