Forex trading doesn't always goes smoothly and sometimes it can be frustrating. Some Forex traders can become greedy or fearful, and for this reason they are often inclined to make bad decisions which can negatively affect their accounts. One way to avoid this issue would be to use an automated trading system. As the name implies the system is based on preset rules and automatically opens and closes trades. Though we do not recommend any automated systems due to their unpredictability, some traders have found them to be of benefit.
FX trading is a 24/7 market. Being active for these long periods isn't possible for a human, however a machine can trade for days without having to take a break. In addition, automated trading can be performed on a number of FX trading platforms then the forex trading secrets revealed is necessary to do EA. Some of them allow traders to fully customise trading systems and then use it on a personal account. MetaTrader 4 is arguably the most popular customisable Forex trading platform. One of the many features of the MT4 platform is that it allows users to write entire automated trading or signal systems which can be moved onto other installations of the MT4. There are a lot of FX systems available in this format and they are referred to as a Forex Expert Advisor. In our article we will focus on what an EA is and how it works.
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