Forex Trading System

The FX market is an inter-bank or inter-dealer network first established in 1971 when many of the world’s major currencies moved towards floating exchange rates. It is considered an over-the-counter (OTC) market, meaning that transactions are not conducted on an exchange like some equity stock markets such as the New York Stock Exchange (NYSE) or the Chicago Options Board Exchange (CBOE) where options and futures are traded. OTC trades exist as a (more…)

Many automated forex trading systems say that there is no need to have any experience if you trade with automated forex trading systems. Because the automated forex trading systems will automatically place orders for you with out any human intervention. Is this really so?

But this is absolutely wrong. Until and unless you have some trading experience and some knowledge on forex trading you can’t make profits with forex trading systems.

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