Hi Guys,
To be continued with the topic of auto trading, we have seen what's auto trading does in Forex world. Now about the types, basically it has two types-
1. Fully automated or Robotic Forex trading: This is very similar to algorithmic trading or we can say black-box trading, where a computer algorithm decides on aspects of the order such as the timing, price or quantity and initiates the order automatically.
2. Signal- based Forex auto trading: This model is based on manually executing orders generated by a trading system. For example, a typical approach is use as a service where traders over the world is making their strategies available to anyone interested in the form of signals. Traders may choose to manually execute any of these signals in their own broker accounts.
To be continued with the topic of auto trading, we have seen what's auto trading does in Forex world. Now about the types, basically it has two types-
1. Fully automated or Robotic Forex trading: This is very similar to algorithmic trading or we can say black-box trading, where a computer algorithm decides on aspects of the order such as the timing, price or quantity and initiates the order automatically.
2. Signal- based Forex auto trading: This model is based on manually executing orders generated by a trading system. For example, a typical approach is use as a service where traders over the world is making their strategies available to anyone interested in the form of signals. Traders may choose to manually execute any of these signals in their own broker accounts.
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