Forex Traders Prefer Automated Trading Systems

Online, July 25, 2012 (Newswire.com) - Now, there is a place on the internet where traders who prefer to use automated trading systems can now exchange ideas and innovative strategies. A new website called Automated Forex Traders has just been launched and it aims to cater to forex traders in this sub-niche.

"Most forex trader only know about forex robots, or also referred to as expert advisors, when talking about automated trading systems. But what many forex traders are not aware of is that there are other automated systems that are now available out there in the market," says Arnold Martinez, publisher of the website Automated Forex Traders.

There is a new trend that is fast gaining popularity among automated forex traders. And that is the use of automated trading signals into their trading accounts. Basically, an investor who uses this type of service subscribes to the trading signals of the human trading expert/s of his choice. And when that trading expert that makes a trade, the exact trade is copied and executed into the investor's trading account without the investor doing anything else.

"It is all automated. The forex investor does not even have to leave his computer turned on with the trading platform running - which is the case with forex robots and EA's. This is the new version of forex trading automation," he adds.

"But for those who are quite wary about this type of an automated solution to their trading, safeguards are still in place to avoid abuse," he assures. "The investor can still place limits on the maximum number of trades that can be opened, and the number and size of lots that can be traded."

No wonder many forex traders are nor preferring to trade using automated trading systems. The advantages simply outweigh the potential problems. And this has become specifically attractive to forex traders who do not know much about technical analysis and do not want to be bothered with all the market analysis that can take up much of their time.

"If you are an investor who is not really knowledgeable on financial matters, let alone be updated on what's happening in the global currency front, then an automated trading solution might be best for you," Martinez adds.

Investor can get more information on automated forex trading from articles posted at http://automatedforextraders.com.