Foreign exchange, also known as Forex Trading, is a critical part of every international business relationship, allowing businesses in every corner of the globe to send and receive payments for goods and services. In order to best take advantage of forex trading, it is important to understand how it works: from the basics of understanding currency markets, to the Forex trading tools available, and how to use the markets and tools in order to execute effective transactions. Even though a trading bot can scan a multitude of charts and information, many times the software will respond to incorrect information or false price spikes that a real trader would probably filter out. While the robot can perform many highly sophisticated tasks, the software is still not capable of creative thinking or exercising truly good judgment. Forex robot trading software is presently limited to initiating trades based on past performance, its current programming and its parameters.
Because the forex market is so enormous, it is also extremely liquid. This is an advantage because it means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will as there will usually be someone in the market willing to take the other side of your trade.
In simplistic terms, 500:1 means that if you have a $300 deposit you can trade on the market up to $150,000 on the currency markets. Australian currency traders can therefore earn significantly more from their trades when the market moves in their favour or significant losses when it moves in the other. While no currency trading would exist without leverage, it's important to select a level that matches your risk profile and experience level due to the risks it poses.
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