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Forex applications for the iPhone and Android have taken off in popularity over the past couple of years.
RegulationA reputable forex broker should have rules, programs or services to protect the integrity of the market. Through an FXCM account (demo or real money) traders have access to trading the world's currencies as well as Contracts for Difference (CFDs, not available to U.S. These tools make it easy for forex traders to access real-time data, analyze currencies and even place trades anytime, anywhere.

Automated trading involves developing an objective set of rules for trade entries and exits, and programming the rules in the platform's proprietary language (MQL4 in this case) so that the platform can handle all of the associated analytical and trading processes. Android apps can be downloaded from Google Play.Some applications may require Internet access, which is often bundled with smartphones, but may cost extra for tablets and other devices. ClientsIn response to increased regulation brought on by the Dodd-Frank Act, many International forex brokers have stopped offering services to U.S.
In other words, the system must identify the conditions under which a trade will be initiated (whether a long or a short trade), when the trade should be closed at a loss, and when the trade should be closed at a profit.The various benefits of automated trading make it a helpful tool for traders, but it is important to remember that certain aspects of automation can fail.

For example, if the connection to the Internet or data server is lost, the trader must recognize the error and manually fix the problem. Custom indicators are intended for analyzing price activity but not for trading itself.Scripts - programs written in MQL4 and intended to perform a single execution of some action.

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07.12.2014 | Author: admin

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