Forex trading has been gaining popularity among investors in recent times. Most algorithmic trading systems are designed to minimize losses instead of maximizing profits, making them more susceptible to random market factors. The Winner RoboForex system differs from other automated forex trading software. It is designed to make a profit 24/7 regardless of the market situation. This article describes how this system works and why it should be considered by any interested party.
Traders union article is designed to give you easy access to some of the world's most popular and reliable trading brokers. But we don't just stop there! We also compare fees, account type, platform, and assets offered so that you can choose what's right for you. We've even gone as far as to include any benefits that each broker offers and whether they offer demo accounts or not so that you know if this is the right broker for you.
Introduction to forex trading?
The main reason why currency trading is so popular with small investors is that the forex market is open 24 hours a day, five days a week and currencies can be traded across international borders without restriction, making it highly accessible.
However, for the average retail trader, rather than being an easy road to riches, forex trading can be a slippery slope to large losses and potential penury.
Businesses need to purchase foreign exchange in order to conduct business in other countries and central banks need foreign exchange reserves in order to keep their economies running and maintain the confidence of their financial systems.
Since businesses don't want to wait until Monday morning to exchange currencies (as they could lose money over the weekend due to changing exchange rates), and central banks need foreign currency reserves now, not at some time in the future, there's always someone ready to make a trade - any time of day or night.
What is Winner RoboForex Review?
Winner RoboForex is a trading name of the RoboForex group, and their website is available in a variety of languages. The site was launched in 2009, and it proudly states that it has zero spreads on Forex instruments as well as commission-only accounts for ECN traders. This site offers many different types of trading accounts, including:
Each of these accounts comes with its own special benefits. For example, an ECN account will allow you to trade directly with the market itself, and you can even view your account as a real money trader. An ECN account also gives you access to high volumes of trades. If you want to practice trading before committing real money, there is a demo account available. If you want to start out small, there is a cent account that allows you to trade and profit from micro trades. A fixed account is ideal for traders who want to use fixed spreads, and there are two types of Pro accounts for traders who have more experience or have larger amounts of money to put into their trading accounts.
How to open a forex account?
If you're interested in starting to trade, open an account and start trading right now! This can be however you open AN account:
1) Click on the green button.
2) Fill out the shape on the succeeding page.
3) If you want to trade real money, upload a copy of your ID and proof of address.
4) Finally, deposit some funds and start trading!
Types of forex trading accounts?
- The Standard Account
The standard account is a basic trading account that features a fixed spread that starts from 3 pips. This type of trading account is ideal for traders who want to trade with a minimum deposit of $500. The minimum lot size for this type of trading account is 0.01, which delivers a great degree of flexibility to the trader and allows him to start with very small lot sizes.
- The Premium Account
The premium account is designed for traders who want to trade with medium-sized deposits and small lot sizes. It offers lower spreads starting from 2 pips, with commissions starting from $6 per lot.
- The Zero Account
The zero accounts are designed for traders who want to trade in large volumes and have access to high leverage rates, tight spreads, and low commissions. The minimum deposit required to open this type of trading account is $5,000 and it allows the trader to trade in lots as small as 0.01 lots (one micro lot).
Trading Account Types in RoboForex?
The trading account types in RoboForex are as follows:
Cents account: This is a demo account where you can practice your trading skills. It has real market conditions, but you don't need to use real money to trade.
Standard account: This is the most popular type of account because it offers various facilities for trade. The minimum deposit is $10 and you can use the MetaTrader 4 platform to trade.
ECN accounts: ECN accounts offer tight spreads and allow traders to access liquidity directly from the interbank market at no additional cost. There are two types of ECN accounts – Pro-Cent and Pro-Standard. The minimum deposit for these accounts is $1,000 and $100 respectively.
What is a forex trading bot?
A forex trading bot could be a trojan horse that analyzes currency worth charts and alternative market activity. The program makes decisions to buy or sell a currency pair at a given time and price, based on technical indicators and the basic trend of the market.
A trading bot has three unique features:
- It works based on predefined strategies
- It can make decisions faster than humans
- It never gets tiring