The Scoop of every Automated Forex Trading System by EyeonForex.com Team

The Scoop of every Automated Forex Trading System Are you looking for an easy way to start earning money with Forex? Then you should know the truth about every automated forex trading system in Eyeonforex.com.Just how important is an automated system to the Forex trading system?Before we answer that question, let us first determine how large Forex trading market is. From there, we will know the importance of automated systems for the Forex market. It is true that the Forex market is the largest market around the world not just in terms of average daily turnover and average revenue per trader. It is also the largest market in terms of participants. You name it, we've got it. Take a look at the following:BANKS- they are not just for saving money and lending capital to entrepreneurs, but they are one of the major players in Forex market. Banks cater both to large quantity of speculative trading and daily commercial turnover. Well-established banks can trade billions of dollars worth of foreign currencies everyday. Some of the trades are undertaken on behalf of their clients, but most are through proprietary desks. COMMERCIAL COMPANIES- these commercial companies trade small quantities of foreign currencies compared to larger banks and their trades produce small and short-term impact on the market rates. However, the trade flows from transactions made by commercial companies are essential factors with regards to the long-term direction of the exchange rate of a certain currency. CENTRAL BANKS- central banks play an important function in the Forex market. They have the control over the supply of different currency, inflation, and interest rate. In addition, they have also official target rates for the currencies that they are handling. They are responsible for stabilizing the Forex market through the use of foreign exchange reserves. Their intervention in the market is enough to stabilize a certain currency. INVESTMENT MANAGEMENT FIRMS- these firms commonly manage huge accounts on behalf of their clients such as endowments and pension funds. They are using the Forex market to facilitate transactions, specifically in foreign securities. For example, an investment manager bearing an international equity portfolio needs to purchase and sell several pairs of foreign currencies to pay for foreign securities purchases. RETAIL FX BROKERS- they handle a fraction of the total volume of Forex market. A single retail Forex broker estimates retail volume of between 25 to 50 billion dollars each day, which is estimated to be at 2% of the total market volume. SPECULATORS- these are individuals who purchase and sell foreign currencies and profit through fluctuations on its price as opposed to popular methods such as interest and dividends. They perform the important role of transferring the risk to individuals who do not wish to bear it. In Forex market alone, there are already six major players partaking on the $1.8 trillion worth of daily turnover. With a large number of Forex players, there is really a need in switching from manual to automated Forex trading system. Among the mentioned major Forex players, the automated forex trading system is of great advantage to the speculators. Since they focus on the price fluctuations of various foreign currencies in order to profit, the real time data analysis will help them determine trades that will give advantage to them. Even if you are just a small-time Forex player, it will be to your advantage if you will use an automated Forex trading system for your future trades.BUT BEWARE... One important thing you should know about all or almost all the automated Forex trading system s you find in the Internet (like FAP Turbo or Forex Megadroid) is that they need the Metatrader 4 Station to work on it. They are based on mathematical formulas and a mix of leading/lagging technical indicators like stochastics, moving averages, exponential averages and so Automated Forex Trading System. They analyse the current market with them and as result you get the buy/sell signals in the Metatrader station. But there's a significant difference between the signals you get from the Forex Robots based on Metatrader, and the signals you get from an automated Forex trading system like the ones the big fishes use every day. Find out more in Eyeonforex.com
About the Author
A group of investors that have gone through many pitfalls with the automated forex trading system s during their 2 years experience. They have learned from that experience and they wants to share with others their knowledge so you don't waste your time or money.