by Bernice Eker
With a trade volume of over $2 trillion each day, the trading of forex, the abbreviation for foreign exchange, is truly is the largest financial market in the world. The forex market is where the currencies of the world are traded in real time.
It is a swiftly expanding and highly profitable market, and aside from its quick profit-generation, forex trading has many other advantages that attract a lot of players into the field.
First, trading of forex is a necessity. You can never do without forex trade. The importation and exportation of goods depend greatly on forex trading. After all, you technically can't pay for a foreign good with your local currency. Therefore, forex trade will forever be present.
Second, because of the forex market's enormity and line of business, liquidity becomes one of its greatest features. With forex, you do not have to worry about stocks that are virtually unsellable. When you are a part of the large forex market, there will always be someone who will deal with you, and your "products" will always be tradeable.
Next, the forex market never sleeps. It is one of those markets that are literally active 24 hours a day. Unlike in the Stock Exchange where everyone waits for the bell to ring before officially doing business, forex trade can happen anytime between Sunday night and Friday afternoon, so you have the power to trade at the time that is most convenient to you.
This third feature of the forex market allows part-timers to get in on the action. Also, this quality makes forex trade extremely flexible.
This flexibility of forex trade gave birth to the automated forex robot.
An automated forex robot enables the trading of forex without the actual physical presence of a human. An automated forex robot can literally take the place of its owner in the trading market and it functions through a trading program. In other words, with this tool, a trader can trade on autopilot.
The automated forex robot deals with clients through a built-in program that requires little to no human supervision during its performance. The owner can simply introduce the automated forex robot into the market and let it do all the work.
An automated robot also enables people with no prior trade experience to join the market and make a quick buck. The programs installed in these robots allow their full-functionality without actual human involvement. The user does not necessarily have to be a programming whiz or a forex trade expert to be able to employ an automated robot.
However, no matter how efficient these automated trading machines are, they still do not have both human intuition and intellect which are still certainly superior over any mechanical and digital tool available out there.