I’ve seen a lot of dollars flushed down the toilet in pursuit of so-called “expert advice”. Some of it works, and some of it doesn’t – but why pay so much for advice when you can have all your trading taken care of for you?
Today, the most popular way to trade is by using algorithmic trading programs. The widespread use of electronic trading has driven up volume, lowered costs, and brought in new investors that want to trade in smaller amounts. Auto-trading platforms can handle any market, but they’re especially useful for a fast moving and volatile market like the Foreign Exchange. As any investor knows, having the ability to process your orders in mere milliseconds is critical for getting in and out before prices swing.
Studies predict that eventually as much as 70% of all Forex trading will be handled by algorithm programs. It’s no surprise, really. In the last decade, advances in technology have allowed for faster and more efficient programs, capable of sniffing out opportunities and acting on them per my specific instructions. On vacation? No problem. Even while I sleep, I can have all my trading handled for me.
Another great thing about electronic trading is that it takes all of the emotion out of how you handle your accounts. Getting out of a winning position is one of the toughest things to do, but when I use an auto-trader to handle things, it does just that – and it only takes cold, hard calculations into account. Of course, I can place your own orders as I see fit, or cancel anything I don’t like – just in case. I can have as much or as little control over my trading as best suits my schedule.
I always try to stay on top of the new auto-execution programs; I just started using the free trial version of ForeXecutor. I’ll be sure to share my thoughts on it once I’ve had some more time to test it out. As it is, I’m pretty happy with FXDD Auto. I’ve been a FXDD member for a few years now, and their auto-trading platform is free to all of their members. For those not looking to join a new club, Powertrader is a new one that seems to keeping its customers happy.
Let’s face it – sometimes investors are our own worst enemies when it comes to being consistent with our plans. Look into auto-trading options today to make sure you stick to your guns.