Automated forex trading — is trading that happens automatically, without trader's intervention according to a predetermined algorithm.
Often the time to execute a trade is only a few milliseconds. A human cannot open or close a position at such a high speed, but trading robots, which react quickly and accurately to incoming trading signals, are excellent at this task. Special software opens and closes orders independently, following either the algorithm (expert advisor), or reacting to trading signals coming from their providers, which are other traders or their trading robots (advisors).
Automated forex trading — is trading that happens automatically, without trader's intervention according to a predetermined algorithm.
Often the time to execute a trade is only a few milliseconds. A human cannot open or close a position at such a high speed, but trading robots, which react quickly and accurately to incoming trading signals, are excellent at this task. Special software opens and closes orders independently, following either the algorithm (expert advisor), or reacting to trading signals coming from their providers, which are other traders or their trading robots (advisors).