BEST FOREX ROBOT - Success at Auto-Trading


            Forex stands for the foreign exchange market. Foreign currencies are continuously and simultaneously being bought and sold all over the world. Forex traders gain or lose based the movements in value of various currencies against each other. The Forex market does not have a specific exchange or physical location as it exists on a global network of corporations, banks and individuals. Forex trading is done using currency pairs, for example U.S. Dollar versus the Euro (USD/EUR). The currencies are traded against one another with traders trying to take advantage of fluctuations in exchange rates.

            In the past the major participants in this market were banks and other large financial institutions trading large contracts between each other. With the emergence of the internet, retail forex brokers opened up Forex trading to individuals. With daily turnovers of trillions of dollars Forex is the largest financial market in the world. High liquidity means it is easy to get in and out of trades when dealing with major currencies such as the Euro, GBP, Swiss Franc, Canadian Dollar, Australian Dollar and the Yen.

            Forex is traded in every corner of the globe with trading taking place 24 hours a day 5.5 days a week. There are many factors that affect exchange rates including economic and political conditions and trader perceptions. The Forex market is very responsive to real-time events going on within the countries whose currencies are being traded. Because the Forex market is almost always open, traders can react to news as soon as it breaks.

            Unlike stock brokers, Forex brokers rarely charge commission. Rather they get compensated by something called the spread, which is the difference between the bid (buy) and the ask (sell) price of a currency pair. Forex traders often use leveraged trading, where they command a large sum of currency with a low margin deposit requirement.