Algorithmic trading in the forex market is an automated trading method that uses a computer program to trade currencies based on a predetermined set of rules.
How does a trading algorithm work?
Traders buying a security, for example, only need to communicate their trading needs and instructions through the selection and parameter settings of the algorithm. Market access: Algorithmic trading provides quicker access to markets and exchanges via high-speed networks.
Why should you use a forex trading algorithm?
Algos can also reduce transaction costs and enable forex traders to execute trades rapidly. This powerful tool benefits both experienced and novice traders. Forex trading algorithms require tweaking and regular maintenance to keep up with the ever-changing market conditions.
