Forex Trading: Why Go For Automated Trading

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Forex trading has a huge potential when it comes to profit making, but monitoring the market and manual trading can take so much of your time and might miss some opportunities if you’re not in front of your computer the whole day.

Automated trading help the traders minimize the amount of time he needs to spend sitting in front of his computer. Since everything is done automatically, from the time you enter the trade until you exit, you won’t have to spend countless hours in front of the computer to do your trading. You can instead use this time to focus on getting intimate with your market and gain knowledge or have the time to spend with your family while still being able to do your usual trading. System trading also eliminates emotions out of the trading process. Emotions which can directly affect your decisions and may cause you to not stick to your trading plan and even lose some profits.

Another reason why some traders opt to go mechanical is that they want to take advantage of the 24 hour forex market. By using automated trading, you can be able to jump on opportunities at any time of the day. Once the parameters have been reached, the orders are executed even while you’re sleeping. This will make sure that you won’t miss any good trade again.

Automated trading systems are customizable to fit one’s needs. Being able to customize your system to suit your needs will make it easier for the user to be comfortable in executing his trading plans. All these benefits plus more can be achieved in using automated systems. Choosing the best system that would work for you is a very crucial step in the process of going automated.

One of the automated trading systems in the market today is TrendBiter. TrendBiter is an automatic self-contained trading system which frees the user from decision-making. It uses a proprietary MTSD (Medium Trend Strength Discovery) indicator developed by Dr. Trent Soyuz that takes small “bites” of profit out of trends in the medium range with an exceptionally high accuracy rate for all the major currency pairs.  This system is available for immediate release on NinjaTrader as well as on other leading enterprise platforms. It is easy  to install and can be used like the “plug and play” concept. This system is designed for patient investors whose investment horizon is at least one year making it a  great solution for investors who want to trade the Forex market but avoid the daily grind of chasing down PIPS with the help of a fully automated system without having to become an MQL or JForex programmer.

For more information, visit our website today.