What Does Forex Mean?
Forex is short for Foreign Exchange, a network of buyers and sellers who trade international currencies as well as cryptocurrencies directly among themselves.
The forex market is where many big companies try to hedge their risks through trading currencies via spot, forwards, or futures contracts. It is where most currency exchange in the world happens. And there are investors and traders who are trying to make a profit on the movements of the market.
Automated Forex Trading
A new form of Forex trading has emerged in the last decade. Enabled by the Internet, along with the increasing use of computers and mobile phones, inter-bank and retail foreign exchange markets have been dominated by electronic trading. Along with e-Forex trading, automated Forex trading goes on.
Automated Forex trading is a foreign currency trading method relying on a computer program, that helps decide whether to purchase or sell a currency pair at a given time. Expert advisors review technical Forex charts and statistics, and monitor news and market data, using them to assess what orders to place automatically.
Forex VPS allows traders to install their EA software on a dedicated server that operates 24/7 without interruptions and is separate from the computer of the trader.
