One of the key elements involved in establishing a retail forex trading business is a trading platform, that is, trading software that acts as the go-between for a trader and a forex broker. There are many trading platforms available, all the way from the king-of-the-hill, MetaTrader, to broker-supplied proprietary platforms that work only for one particular broker. If the trader desires to engage in automated, robotic, or as it is most often known, algorithmic trading, MetaTrader, and possibly NinjaTrader, had this market to themselves until the recent advent of the ActTrader platform. Algorithmic trading is simply the attempt to develop trading strategies that are autonomous, requiring little in the way of human trader involvement. The benefit of this approach is to minimize human frailties that create poor trading decisions. Among these are distractions, emotions and physical and mental fatigue. Brokers that offer ACT as a trading platform option appreciate the platform’s intuitive design that is easy to use, even for beginners, along with customizable features that experienced traders demand.
via Forextra - Forex Trading Explained: Tips, Strategies + More For FX Currency Trading http://ift.tt/1etXnBZ
via Forextra - Forex Trading Explained: Tips, Strategies + More For FX Currency Trading http://ift.tt/1etXnBZ