The Foreign Exchange Market
FOREX is an acronym often used to refer to the foreign exchange market, sometimes called ‘Forex’ and ‘retail forex’ or ‘FX’ or ‘Spot FX’ and even just ‘Spot’. The Forex market is the largest financial market in the world with a trading volume of over three trillion dollars a day. That is 120 times that of the New York Stock Exchange a just twenty five billion per day. The Foreign Exchange market simply dwarfs all other markets, and is actually 3 times that of the entire stocks and futures markets combined. That is enormous!
What tools do you need to start trading Forex?
To begin trading currencies, you only need a computer connected to the internet. No specialized trading knowledge is needed as you can now begin trading with the assistance of an expert advisor which is software program that trades on your behalf. These are built be programmers and trading experts to trade the currency markets systemically within the limits you set and according sophisticated trading methods built
into their design.
Most expert advisors or EA’s are run on a free trading platform that you can download from your broker’s website called Metatrader4. You expert advisor will run as a Metatrader4 plugin. You can either trade manually with Metatrader4 or you can let you expert advisor make the trades for you.
FAPTURBO forex trading robot is a new breed of expert advisor. It is easy to setup and comes with some easy to follow instructional videos to walk you through the setup procedure.
FAPTURBO or FAP (Forex AutoPilot) is a software robot or EA that trades the foreign exchange currency markets on autopilot 24 hours a day. You attach your Forex Autopilot robot to the Metatrader4 currency charts which are provided by your broker. The FAP expert advisor has 2 main modes of operation. Short term scalping strategy and long term advanced FAP strategy. Both strategies are built to the FAP expert advisor and can be switched on and off as needed.
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