Sunday, May 8, 2011
Forex Investing Explained (and Automated!)
The investment game that is probably most mysterious to many people is the foreign exchange market. Also called "Forex," "FX," or simply "currency market," it's a fast and furious place where trillions of dollars are passed around every day. In short, it's a financial market for trading currencies over the counter. The video below walks us through the world of Forex markets and trading. Much of the Forex trading these days is automated, using robots to buy and sell. Such automation software is increasingly popular with ordinary, non-institutional traders, too, because it's so inexpensive and easy to use. One example of Forex robot is "Eurobot." Eurobot's maker says that it "does not use artificial intelligence. It is simply an automated version of a once secret ultra profitable and simple EUR/USD method" and that it "runs automatically on your computer without any input required from you. You're free to go to work, spend time with the family or just relax while EUROBOT is entering and exiting trades for you at all hours of the day and night. All you need to get started is a computer, an Internet connection." You can see Eurobot's secure order page or visit their product information site. That's pretty cool. You have to love technology! Even as an affiliate of Eurobot, I must say that Eurobot sounds like a great way to jump into the multi-trillion dollar pool of Forex profits.