Automated Forex trading is the process of trading 24/5 Forex currencies, without any human intervention. Algorithms analyze currency market data over multiple timeframes, and when certain conditions are met, trade positions are opened, altered, and close. The great advantage of automated trading is the elimination of fatigue and emotional/psychological influences. An automated trading system will use a set of pre-established rules to simultaneously manage multiple accounts.
Foreign Exchange Market Volumes
Volume is a leading market indicator that can help traders to recognize strong trends and reversals, but also to identify the current market phase and to think ahead of the current price action.
In general, analyzing market volumes can be helpful in:
News-Trading and Economic Indicators
Economic indicators are periodic economic statistics that provide an insight regarding the performance of an economy during a certain time-period. Any change in the macroeconomic conditions can trigger strong movements in the financial markets, and that means profit opportunities for currency traders.