Forex Trading Robot

AAA

DEFINITION of 'Forex Trading Robot'

A computer program based on a set of forex trading signals that helps determine whether to buy or sell a currency pair at any one time. Forex robots are designed to remove the psychological element of trading, which can be detrimental.

INVESTOPEDIA EXPLAINS 'Forex Trading Robot'

Automated forex day trading robots are available for traders to purchase over the internet. It is important to note that there is no such thing as the "holy grail" of trading systems, whether automated or not. If the automated system being sold was a perfect money maker, the seller would not want to share it. This is why big financial firms keep their "black box" trading programs under lock and key.

RELATED TERMS
  1. Authorized Forex Dealer

    Any type of financial institution that has received authorization ...
  2. Cable

    Slang used among forex traders referring to the exchange rate ...
  3. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  4. Interbank Market

    The financial system and trading of currencies among banks and ...
  5. Forex - FX

    The market in which currencies are traded. The forex market is ...
  6. USD

    In currencies, this is the abbreviation for the U.S. dollar. ...
Related Articles
  1. Options & Futures

    A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  2. Forex Education

    Getting Started In Foreign Exchange Futures

    Learn how these futures are used for hedging and speculating, and how they are different from traditional futures.
  3. Options & Futures

    Getting Started In Forex Options

    Stocks are not the only securities underlying options. Learn how to use FOREX options for profit and hedging.
  4. Forex Education

    Commodity Prices And Currency Movements

    Find out which currencies are most affected by fluctuations in gold and oil prices, and improve your trading.
  5. Forex Education

    Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
  6. Options & Futures

    Getting Started In Forex

    Before entering this market, you should define what you need from your broker and from your strategy.
  7. Forex Strategies

    How do I use Relative Vigor Index (RVI) to create a forex trading strategy?

    Learn a forex trading strategy designed to maximize trend trading profits by using the Relative Vigor Index in conjunction with other technical indicators.
  8. Forex Strategies

    How do I Implement a forex strategy when spotting a Rectangle Pattern?

    Understand what a rectangle chart pattern is, and learn a common strategy that traders use to obtain short-term profits when they recognize the pattern.
  9. Forex Strategies

    How do I use Polarized Fractal Efficiency (PFE) to create a forex trading strategy?

    Discover a forex trading strategy designed to profit from market reversal signals generated by the Polarized Fractal Efficiency, or PFE, indicator.
  10. Forex Strategies

    How do I use the Relative Strength Index (RSI) to create a forex trading strategy?

    Find out about a forex trading strategy that uses the RSI, and profit from retracements that occur when a market is overbought or oversold.

You May Also Like

Hot Definitions
  1. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  2. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  3. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  4. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  5. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
  6. Key Performance Indicators - KPI

    A set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their ...
Trading Center