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First of all, I came from a school of thought that believed nothing could be programmed to trade the markets correctly. I strongly believed this and argued with anyone that crossed my path. "No automated day trading system can tackle the stock market; impossible!" or so I thought. I also asked myself, "How can a computer program successfully factor fear and greed [the emotions that move the market] into an equation designed to extract profits from the market itself?" Well...,
...it is possible. This has led to the proliferation of algorithmic trading - or trading using computer programs (algorithms) - and to the birth of companies such as TradeBot Systems, Inc., who trade 5% of the entire NASDAQ volume (based on some estimates).
Even though algorithmic or automated day trading can be used on any financial market with enough liquidity or activity (including stocks and futures), I believe that the forex market is one that offers some of the greatest advantages for day trading robots.
Please do not mistake this for "Forex Made Easy;" a software package with red, yellow, and green signal lights. A day trading robot is an automated day trading system that actually pulls the trigger (that is, executes the trades) by itself. These forex-based automated systems commonly known as Forex Robots or FX Bots.
Read more about day trading training on www.forex-tradingtraining.com
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