Forex means foreign exchange of currencies,forex is the international buisness. The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. Electronic Broking Services (EBS) and Reuters 3000 Xtraare two main interbank FX trading platforms. The foreign exchange market determines the relative values of different currencies.
FOREX ROBOTS ( AUTO TRADING) :
Forex autotrading is a trading strategy where buy and sell orders are placed automatically based on an underlying system or program on the foreign exchange market. The buy or sell orders are sent out to be executed in the market when a certain set of criteria is met. Autotrading is a slang term for Automated Trading or an Automated Trading System.
Automated Trading Systems, or programs to form buy and sell, are used typically by active traders who enter and exit positions more frequently than the average investor. The set of criteria used in an Automated Trading System differ greatly, however they are mostly based on technical analysis.
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