Automated trading systems are the holy grail of forex trading. They can potentially achieve profits without any involvement from the owner, other than initially developing the system and starting it trading with a live account. The dream is having your very own automatic cash machine in your trading room. The reality has not lived up to the promise, with most trading systems showing poor trading performance.

Why is this, and how can you build a usable and profitable automated trading system? Read on to find out more.

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In our previous automated forex trading post, we discussed the benefits of automated trading – the ability to monitor the market 24 hours a day, execution of your strategy without emotions and the potential to build an automatic money machine. We introduced two systems as examples, the FXCM system selector and Trade Robot.

This article builds on the introduction, discusses what is needed for automated forex trading, identifies some additional automated trading platforms and briefly outlines the cost and features of each system. Read the rest of the article to find out more. Read more…

Automated forex trading has seen a recent surge in interest from forex traders as the technology has improved. The promise is that your automated forex trading system will keep a close eye on the forex market 24 hours a day and trade profitably whenever there is an opportunity, like a money machine on your computer – but what is the reality? Read on to learn more about automated trading, and its advantages and drawbacks, and read about some systems that are available.

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