de | cn | ru

Software News

Trade While You Sleep: 5 Advantages of Automated Trading

Twenty years ago the barriers to entry for an indvidual trader or trading club looking to start an investment fund based on a fully automated or algorithmic system were incredibly high.  Access to information was limited, data could not be transferred as quickly, and processing times were slower.  Fast forward to 2011.  Thanks to continued advancements in technology it's now possible to run a multi account trading fund out of the basement of your home.  As a result, interest in automated trading is on the rise as individual traders look to be their own self-appointed fund managers.  Here are a few reasons why:

 

1. Trade While You Sleep - This advantage doesn't necessarily appeal to the FX junkies who remain glued to their screens at the wee hours of the night.  For the rest of us though, automated trading makes it possible to participate in the market while you are catching your Zs.
 
2. Backtest The Results - Attempting to backtest a manual trading strategy poses a series of challenges.  This isn't an issue with automated systems.  There are even platforms such as MetaTrader 4 (MT4) that allow the user to backtest a strategy at no cost to the user.
 
3. Overcome The Challenges Of Trading  - The greatest difficulty a trader faces is deciding when to pull the trigger.  For those who have struggled in the past or never mustered the courage to trade on their own, an automated system offers them an alternative to a market they otherwise would not have considered.
 
4. Diversify - Many traders enjoy running systems while simultaneously placing trades on their own.  As an example, you might be comfortable trading EUR/USD but have nightmares about the last time you bought GBP/JPY.  Instead of avoiding volatile pairs you can allow a system to trade it on your behalf.
 
5. No Time for Trading - You like the idea of trading but by the time you've run some errands, made dinner, and put the kids to bed you realize the time you blocked off for trading isn't going to happen.  An automated system allows you to still participate in the market even if you don't have the time for it.
 
The FX market offers traders access to an unprecedented amount of leverage, meaning movements as small as a fraction of a penny can result in substantial gains or losses.  When deciding upon a system I suggest assessing your tolerance for risk as well as the capital set aside for trading before you allow it to trade your funds.
 
About Boston Technologies
 
Boston Technologies is an innovative leading provider of software, solutions, services and trading platforms to institutional and retail brokerage firms in the foreign exchange, CFD (contracts for difference), commodities, futures and options marketplace.
 
Based in Boston, Massachusetts, BT specializes in inter-exchange connectivity which allows our clients to focus on their core trading activities while we provide mission critical IT services that are tailored to fit your specific requirements. 
TAGS: Trade  While  You  Sleep  5  Advantages  of  Automated  Trading 
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

More Forex Software News

Serenity blockchain trading platform announces the start of the ICO

Jan 26 2018 16:32:11

Serenity blockchain platform announces the start of the main ICO period, which will start on 25 January 2018 and will last for a total of six weeks, ending on 7 March. The main ICO period offers a unique opportunity for investors to purchase Serenity tokens with a 40% discount. Read more

Gold-i launches cryptocurrency bridge for MT4 and MT5 brokers

Oct 30 2017 12:09:36

Gold-i, the UK-based trading technology provider, has announced the launch of a new cryptocurrency solution for MetaTrader (MT4 and MT5) – the Crypto Switch. This is a bridge, which will allow brokers access to some of the leading cryptocurrency exchanges and liquidity providers. Read more

White label vs. Your own forex broker

Sep 28 2017 12:49:36

In this article, together with the experts from NewBroker, we will shed light on the White Label partnership model. We will take a look at the opportunities and risks involved in such a business. Read more

DRS Markets gets FCA license, launches CFD trading

Sep 27 2017 09:00:01

 DRS Markets, a CFD and Equity trading platform, announced it has obtained a license from UK’s Financial Conduct Authority (FCA) and has launched retail CFD trading platform from London. It is planning to attract new customers from around the world. Read more

FinaCom certifies RAMMFX investment platform

Aug 31 2017 07:46:21

 The Financial Commission (FinaCom), the independent external dispute resolution (EDR), whose members include forex, CFD and binary options brokers and fintech companies, announced it has certified the investment platform provided by RAMMFX. Read more

TigerWit forex trading platform gets Bahamas license

Aug 29 2017 10:48:19

TigerWit, a China-based forex and CFD mobile social trading platform, has obtained a broker-dealer license from the Securities Commission of The Bahamas (SCB), the company announced in a statement. Read more

Umstel trading platform certified by FinaCom

Aug 16 2017 08:57:47

The trading platform Umstel is the latest technology certified by the Financial Commission (FinaCom), an independent external dispute resolution (EDR) organization. The multi-asset web based trading platform is specialized for trading in CFDs on single stocks and ETFs. Read more

Leverate launches SIRIXCrypto, a cryptocurrency trading platform

Aug 02 2017 13:35:33

With the number of cryptocurrencies increasing every day, and their trading volumes breaking new all-time highs, Leverate decided to follow the biggest rising trend in the world of investment and finance. Read more

Match-Trade launches cryptopayment gateway for Bitcoin, Litecoin, Dash

Jul 31 2017 12:25:07

 Match-Trade Technologies, a California-based fully integrated forex technology company announced it is launching a cryptopayment gateway. It will enable various institutions to process transfers in the most popular digital currencies and to automatically collect and send payments. Read more

Tradologic adds MT5 to portfolio

Jul 27 2017 08:09:05

Tradologic, a fintech providing solutions predominantly for the binary options industry, announced it is adding the multiasset trading platform MetaTrader 5 (MT5) to its solutions portfolio. Read more

de | cn | ru